Yangon developer looks to cash in on loop line improvements

YANGON — The Japanese trains trundling along the line that loops around Myanmar’s commercial capital, Yangon, are a throwback to an earlier era and a far cry from the modern carriages that whiz through Tokyo. But improvements to the Yangon Circular Railway are likely to speed things up a bit, starting this year, and they […]

Fifth firm to list on stock exchange next week

TMH Telecom Co will commence trading on the Yangon Stock Exchange (YSX) on January 26, YSX senior executive manager U Thet Tun Oo said. TMH Telecom will be the fifth company to list on the exchange, joining First Myanmar Investments Co, Myanmar-Thilawa SEZ Holdings, Myanmar Citizens Bank and First Private Bank. According to the YSX, […]

Myanmar Metals to revive forgotten lead-zinc treasure – the Baldwin Mine

Perth-based Myanmar Metals is working hard to create a new chapter in the life of one of the worlds most fabled lead-zinc mines, the Bawdwin deposit in northeast Myanmar, where drilling began this week. A 5,000-metre drilling program is now underway to boost confidence in an already impressive estimate for the potentially world class lead/zinc […]

Yara Myanmar imports new fertiliser for better crop quality

Yara Myanmar, an agriculture solutions provider, will import NPK fertiliser from Norway to help local farmers improve their productivity and raise the quality of their crops. Over the longer term, this will increase demand for Myanmar produce globally and help farmers become more sustainable and less reliant on volatile swings in global food prices. “We […]

Myingyan Combined-Cycle Gas Turbine Power Plant begins Feeding 143MW to National Grid

The Myingyan Combined-Cycle Gas Turbine Power Plant has begun distributing 143 megawatts (MW) to the National Grid, according to a report on January 4 in the Myawady Daily. The Sembcorp Minygyan Power Company Limited has signed a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar for its upcoming 225-megawatt power project […]

Myanmar Officials Bet on Casinos for Boosting Chinese Tourism

Thailand features heavily in the strategies of destinations around it in attracting Chinese tourism. Thailand is by far the most popular destination in Southeast Asia for Chinese tourists, with about 9 million Chinese tourists coming to Thailand between January and November 2017. This puts pressure on destinations like Myanmar, Cambodia, and Vietnam to set themselves apart. One […]

Banking on Satellite Communications

Richard Bowles, regional managing director for ASEAN at Arianespace, which launches satellites, is convinced banks’ struggle to reach Myanmar’s unbanked population will end with the launch of its first satellite, slated for some time next year. “Satellites are an important part of a country’s economic development. Looking at Myanmar’s satellite leasing capacity, it’s a good […]

Glut in Low-Grade Jade Dampens Sales for Sixth Straight Year

​​ Expectations for better demand and stronger profits among jade traders in Mandalay fell short in 2017. Weighed down by an oversupply of low-grade and a shortage of top-quality stones, sales have fallen for the sixth consecutive year and a rising number of traders are calling it quits. “We suffered losses as the market was […]

Myanmar clamps down on Buddhist nationalism

In a further sign that Myanmar is clamping down on the spread of ultra-nationalist Buddhism, six monks have been sentenced to 18 months’ hard labour for leading an anti-government protest in Mandalay. The ruling on Wednesday comes days after abbot Parmaukkha, a founder of the ultra-nationalist Ma Ba Tha movement, was denied bale after being […]

Dry Port Projects to Be Complete in 2019

Two dry ports in Ywar Thargyi (Yangon) and Myit Nge (Mandalay) will be complete in April 2019, a spokesperson for Myanma Railways said. A dry port is an inland intermodal terminal directly connected by road or rail. The project, under which freight trains will run from Ywar Thargyi to Myit Nge, will commence in April […]