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Myanmar’s Mandalay to implement 7-year water treatment plan

YANGON, July 4 (Xinhua) — Myanmar’s second largest city of Mandalay will implement a waste water treatment plan which will start this fiscal year and take seven years to complete, official report said on Monday. The plan will be launched with a loan of 70 trillion kyats (60 million U.S. dollars) from the Asia Development […]

Yoma revs up property development drive in Myanmar

YANGON — Singapore-listed Yoma Strategic Holdings is accelerating its real estate development drive in Myanmar to meet growing local demand for residential units, offices and commercial facilities. Yoma’s move comes as Myanmar has emerged from decades of international isolation and now enjoys high economic growth, making the Southeast Asian country an increasingly promising property market. Yoma […]

What Opening Up an Isolationist Nation to the Global Economy Does to Traffic

Three years ago, traffic may have cost Burmese 24-year-old Kyaw Kyaw Win his job. He migrated to Yangon, the commercial capital of the country now known as Myanmar, in search of worktwo years after the start of crucial economic development reforms that opened the once-hermit nation to international investment. The country of more than 51 […]

Swiber Bags $215M Contracts in Myanmar, Vietnam and Qatar

Swiber Holdings Limited, a Singapore-based offshore construction services provider to the oil and gas industry, reported Tuesday that it has won three contracts, worth $215 million, in the Middle East and Southeast Asia. The firm clinched an engineering, procurement, construction and installation (EPCI) contract from a European oil major to perform pipeline replacement work in […]

Bangkok Sheet Metal plans JV in Myanmar

BANGKOK SHEET Metal, Thailand’s leading manufacturer of wide-range cable duct such as wire ways, cable trays and cable ladders, is eyeing a joint venture with a potential partner in Myanmar, marking the listed company’s first overseas expansion of its manufacturing facilities. Managing director Tirawat Amornthatri said that the business was looking to form a joint […]

Yangon’s battle against unlicensed contractors

With more and more unlicensed contractors cooperating with landlords to build illegally in Yangon, local administrators say they are struggling to find ways to stop the unregulated boom in low-quality apartments. Yangon City Development Committee has been fighting a losing battle against illegal construction for several years, while new contractors continue to open unlicensed businesses, said U […]

This familiar household brand is challenging Super Group’s supremacy in Myanmar

The firm owns 50% market share in the country. The retail firm has a firm grip on the Southeast Asian country’s market, primarily due to traditional trade channels and its ability to sell even in rural villages. However, according to a report by RHB Research, modern trade channels have led to a shake-up in the […]

Sembcorp has one foot in the door of Myanmar’s promising utilities market: analysts

It’s building a US$300m gas power plant in Myanmar. Sembcorp Industries plans to make a deep mark in the Southeast Asian country, starting with building the biggest gas-fired independent power plant in Myanmar. According to a report by RHB Research, it will own 80% of the power plant, with 20% going to MMID Utilities. “With […]

Ranhill eyes power plant projects in Myanmar, Sabah

PETALING JAYA: Ranhill Holdings Bhd, which is close to partially divesting its waste water company in China, is eyeing a gas-fired power plant project in Myanmar and submitted a proposal to build a new power plant in Sabah. Its president and CEO Tan Sri Hamdan Mohamad said the Myanmar government is calling for expressions of interest […]

Scottish firms in Myanmar oil and gas mission

A delegation of Scottish companies is heading to Myanmar this week in an effort to tap into opportunities in the country’s oil and gas sector. The visit comes after Myanmar opened up to international trade and investment following decades of military rule. The delegation includes temporary power company Aggreko and oil and gas firms Wood […]