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Myanmar National to seek foreign funds for fleet upgrade

Myanmar National Airlines (UB, Yangon) will seek foreign investors to finance the upgrade of the carrier’s international fleet and it has also approached the Myanma Port Authority in this regard, Director U Myint Aung has told The Myanmar Times. The Myanmarese flag carrier has been unprofitable since its corporatisation in 2013 but hopes to post […]

Myanmar builds US$20.9 M worth offshore fixed pilot station

Myanmar is building a US$20.9 million worth offshore fixed pilot station, according to Myanma Port Authority (MPA). International bulk carriers enters Yangon port from the mouth of the sea 67 kilometers away from Yangon. Chief navigation officers from the MPA gave command and controlled the carriers to enter and exit the port safely. Currently the […]

Yangon elevated expressway doesn’t need MIC approval: official

The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]