Govt to Build 1m Apartments in 330 Towns By 2030

Myanmar is planning to finish the construction of over 1 million apartments in 330 towns across the country by 2030 under its urban development programme, according to the Ministry of Construction. The Department of Urban and Housing Development under the ministry is providing proper housing for the people in accord with its policy on long-term […]

Yangon Regional Bill Approved

The regional planning bill on the development of 33 townships in the Yangon municipality area and 12 other townships outside it as part of an urbanisation of Yangon, was yesterday approved by the regional Hluttaw. The Yangon Regional Planning Bill focuses on developing electricity infrastructure, road and water transportation in order to reduce traffic congestion, […]

British Trade Mission Targets ASEAN Integration

The UK Department of International Trade (DIT) is leading a trade mission to Southeast Asia and the delegation will visit Myanmar on March 30 and 31. The trade mission focuses on infrastructure, energy and education. Before coming to Myanmar, the trade mission to Asian Development Bank (ADB) and Southeast Asia has met with the ADB at […]

4m Containers Expected By 2025

​​ Yangon’s ports are expected to receive more than two million containers by 2020, according to the Myanma Port Authority (MPA). They received 890,000 containers in 2015, said Zaw Tun Lwin, deputy general manager from the MPA. He said the number could increase to 4 million by 2025. He added that the government was working to find better solutions to tackle cargo problems. A container management […]

Yangon set to launch card payment system for public transport

For the convenience of nearly 3 million commuters who use public transport on a daily basis, an international payment system will be launched in Myanmar’s commercial hub in the last week of April, Yangon Region Chief Minister Phyo Min Thein said on Friday. “We will launch YPS [Yangon Payment System] by April. We will make […]

Japan investment to change the face of train travel in Yangon

YANGON – Tourists visiting Myanmar’s largest city, Yangon, could be set to lose one of the star attractions of the former capital, as Japan invests in upgrading the railway which encircles the city. While the responsibility for upgrading the 46 kilometers of track which makes up the Yangon Circular Railway rests with Myanmar Railways, the […]

Myanmar-Japan joint venture eyes infrastructure investment

A joint venture between Myanmar’s leading heavy machinery distributor, Myanmar Kaido Co, and Japanese trading giant Mitsubishi Corp aims to capitalise on the rapid development of the Southeast Asian country’s urban infrastructure through the rental of construction and other equipment. An opening ceremony for the joint venture, Diamond Rental Myanmar Co, 50% owned by Mitsubishi, […]

Yangon rail system to get upgrade

Tourists visiting Myanmar’s largest city, Yangon, could lose one of the star attractions of the former capital after the railway that encircles the city is upgraded with the help of Japanese investment. While the responsibility for upgrading the 46 km (28.5 miles) of track that makes up the Yangon Circular Railway rests with Myanmar Railways, […]

Business Chiefs Call for Kyat Support

​​ The Federation of Chambers of Commerce and Industry (UMFCCI) has advised the government on how to stabilise the currency. The trade body’s statement covers the inflow of foreign currencies, how to increase demand for the kyat, the export-import sector and long-term plans. The statement said the dollar’s appreciation was due to an unbalance between […]

Thilawa SEZ Receives US$900 Million in Foreign Investment

​​ RANGOON — Japan-backed Thilawa Special Economic Zone (SEZ) in Rangoon’s Thanlyin Township has received more than US$900 million in foreign investment since its launch in 2014, said a recent report issued by the Myanmar Investment Commission (MIC). “Since the start of the operation, the SEZ has received US$903 million foreign investment,” MIC secretary U […]