COVID-19 has allowed us to look at new business models: YGA Capital’s Ko Ko

The National League of Democracy’s resounding victory in Myanmar’s national elections this month, ensuring that Aung San Suu Kyi serves a second five-year term, is set to stimulate stronger investor confidence in the country. While deals are set to pick up in key sectors such as infrastructure, healthcare, and education, the country offers opportunities in […]

Construction of Ayeyarwady coastal expressway to start this year

Implementation of the Ayeyarwady Coastal Region Development Project, an expressway connecting Ayeyarwady Region and Rakhine State listed under the Myanmar Project Bank, will start from this fiscal year, according to the Ministry of Construction. The project is estimated to cost US$94 million and expected to be complete in fiscal 2023-24. The project will involve the […]

Myanmar Receives 16 Proposals for New Yangon City Project

YANGON — Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). On Saturday, the Ministry of Investment and Foreign Economic Relations said 16 consortiums […]

Myanmar firm to build oil refinery in Dawei SEZ

The project, which will have the capacity to process 8 million metric tonnes per annum (mmta), will constitute as “important project involving a huge investment. They will probably cooperate with foreign companies because it is impossible to implement the whole project by a Myanmar company alone,” said U Tin Htoo Naing. Infrastructure such as a […]

Japan to Provide Over $1 Billion in Loans to Myanmar for Development Projects

YANGON—Myanmar and Japan have signed four loan agreements worth about US$1.1 billion (120.915 billion yen, or 1.61 trillion kyats) to fund sewerage, urban development, power distribution and infrastructure improvement projects in seven regions and states in Myanmar. The four Official Development Assistance (ODA) loan agreements were signed on Tuesday between Japanese Ambassador Maruyama Ichiro and […]

Wärtsilä awarded 40MW equipment supply contract for power plant in Myanmar

Wärtsilä has been awarded a 40MW equipment supply contract for a power plant in Shwe Taung, Myanmar. The MCM Power facility aims to help meet the nation’s increasing energy demand by feeding baseload power into the national grid and alleviate its ongoing energy shortage. The plant will operate on four natural gas engines and is […]

Singapore well-positioned to contribute expertise to infrastructure in region: Infrastructure Asia chief

SINGAPORE – Mention infrastructure in Singapore, and one might think of Jewel at Changi Airport, or the Greater Southern Waterfront development announced in Prime Minister Lee Hsien Loong’s recent National Day Rally. But the city-state is looking beyond its shores to export its infrastructure expertise. Since October last year, Infrastructure Asia (IA), which is jointly […]

YCDC official says unutilised industrial land could be appropriated

No businesses have been set up on some 40 percent of the land designated as industrial zones in Yangon and action will be taken to rectify the matter, say city officials Yangon City Development Committee Associate Secretary U Than said that unused land would be appropriated in a press conference on Monday. “While some 60pc […]

Prospects look bright for South Korean-backed industrial complex near Yangon

The Korea-Myanmar Industrial Complex (KMIC) is set to be among the best industrial complexes in Myanmar and will help unlock the potential of Myanmar, China, India, and ASEAN as markets, Kim Gunwoo, general manager of the Korea Land and Housing Corporation (Myanmar), said in an interview with The Myanmar Times. Korea Land and Housing Corporation […]

Picking up speed on Yangon’s Circular Railway

A RIDE on Yangon’s Circular Railway offers a fascinating if bumpy tour around the commercial capital in the company of passengers from all walks of life, including commuters, vendors and beggars. The 46-kilometre line, with 38 stops, also provides a glimpse of the daily lives of the city’s residents during a round-trip that passes through […]