fbpx

Army confiscates land plots including Mya Yeik Nyo Hotel from Zay Kabar Co.

Army confiscated land plots included in Yangon New World property project in Yangon region from Zay Kabar Company as the company failed to follow the agreements stated in the Memorandum of Agreement (MoA) signed between Quartermaster-General Office and the company, said Moe Min Win, Secretary of Office of Garrison Town Development Committee (Yangon) on October […]

South Korea to build $98 million logistics hub in Yangon

South Korea has invested $98 million to construct a logistics hub at Shwe Lin Ban Industrial Zone in Hlaing Thar Yar township, Yangon region. The move is touted to be vital to promoting Myanmar’s exports. HUBS MK Co Ltd from South Korea and Myanmar Trade Promotion Organisation under the Ministry of Commerce signed a memorandum […]

Thailand’s PTT poised to gain from Myanmar deal

THAI and Myanmar officials will sign a memorandum of agreement at a meeting of Asean energy ministers next month that will take energy giant PTT a step closer towards a major gas project across the border. The singing of the agreement will pave the way for PTT to conduct a study on a Bt20 billion […]

Myanmar and Aireon to Collaborate on Space-Based Air Traffic Monitoring System

The Department of Civil Aviation (DCA) in Myanmar just announced it has signed a Memorandum of Agreement with Aireon LLC, a Virginia, U.S. based air traffic surveillance system provider, to collaborate on a concept of operations and benefits analysis for the deployment of Aireon’s space-based Automatic Dependent Surveillance-Broadcast (ADS-B) service. DCA provides air traffic control, […]

Chaungtha Wind Farm Project

  THE China Three Gorges Corporation signed a Memorandum of Agreement (MoA) for the development of Chaungtha Wind Farm Project in Ayeyawady Region with Ministry of Electric Power of Myanmar in Nay Pyi Taw recently. The MoA signing ceremony on 29th February was hosted by U Khin Maung Soe, Union Minister for Electric Power, Mr […]

Sembcorp to develop largest gas-fired independent power plant in Myanmar

SINGAPORE: Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries, has been given the Notice of Award to develop and operate the largest gas-fired independent power plant in Myanmar. In a press release on Friday (Aug 24), Sembcorp said the project was awarded by the Myanmar Electric Power Enterprise (MEPE) – a division under the Ministry […]

Myanmar, Malaysia to establish joint commission for economic and technical cooperation

BAGAN__ The Myanmar and Malaysia governments will establish a joint commission for economic, scientific, and technical cooperation later this year, according to Myanmar’s foreign ministry. A memorandum of agreement between the two government to form the commission was signed at Aureum Palace Hotel,Bagan, on Friday during the ASEAN Foreign Ministers’ Meeting (Retreat). The agreement was […]