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 […]

Kamigumi to create a bulk terminal at Thilawa Port in Myanmar

Kamigumi will establish a terminal operating company named International Bulk Terminal (Thilawa) Co. Ltd (IBTT) – mainly focusing on the handling of grain, feed and other bulk cargo at the Thilawa region of Yangon port in Myanmar as a joint venture with Lluvia Limited of Myanmar, which is a joint venture between Mitsubishi Corp. of […]

Kajima takes on $400m urban development project in Myanmar

TOKYO — General contractor Kajima will sign up for a 45 billion yen ($398 million) urban development project in Yangon, building offices, hotels and other facilities in bringing its city planning expertise to Myanmar. A contract with the Ministry of Construction will be inked Saturday. The build-operate-transfer arrangement will give the Japanese company control of […]

Mitsubishi Corp. Courts Myanmar’s Wealthy With New Hospitals

TOKYO — Mitsubishi Corp. will team with local companies to establish medical complexes in Myanmar, where a growing health care market is being fueled by the increasing number of middle- and upper-class residents. The first facility, to cost about 10 billion yen ($90.4 million), will be a general hospital set to open in 2020. The Japanese trading […]

Manila Water, partner propose to undertake major Yangon project

Manila Water Company Inc. and partner Mitsubishi Corp. are eyeing a large-scale project that would help reduce non-revenue water in Yangon, Myanmar. Non-revenue water refers to water produced and lost due to leaking pipes and illegal connections or because of inaccurate metering. In a statement, Manila Water said it was expecting to submit jointly with […]

Ground broken on massive mixed-use complex in Yangon

YANGON — Construction began here Thursday on a roughly $700 million project led by Myanmar real estate developer Yoma Strategic Holdings and Japanese trading house Mitsubishi Corp. The commercial-residential complex will be the largest real estate investment in Myanmar since the civilian government took over last March. A Peninsula hotel, the luxury chain run by […]

Myanmar Opens Bidding For New Yangon-Mandalay Rail Cars

​​ YANGON — Myanma Railways announced Friday that bidding has opened for train cars for upgrades to the railway linking the nation’s two largest cities of Yangon and Mandalay. The state-owned railway network operator seeks to acquire 24 carriages. The country’s rail network is not electrified, so Myanma Railways wants diesel-electric-type units. Bidding will close […]

Myanmar industrial park set to grow

YANGON — Myanmar’s first modern industrial park, developed in partnership with Japan, is due for a roughly 30% expansion as early as 2018. Building out the Thilawa industrial park is estimated to cost around 5 billion yen ($48.1 million). Opened in September 2015, the park is now 90% under contract. Construction of the park kicked […]

Post-Sanctions Myanmar the New Frontier for Global Business

YANGON/TOKYO — The end of long-standing U.S. sanctions on Myanmar companies linked to the former military government is cause for celebration in both countries, opening up a slew of previously off-limits business and investment opportunities. The U.S. Treasury Department lifted all financial sanctions on the Southeast Asian nation Friday after months of dogged appeals by […]

Mitsubishi to begin Myanmar project

YANGON – Japanese trading house Mitsubishi Corp said Tuesday that it has agreed with Mitsubishi Estate Co to commence work on a mixed-use landmark development project in downtown Yangon, Myanmar, in collaboration with Singapore-listed Yoma Strategic Holdings Ltd and local firm First Myanmar Investment Co. The project, which will cover 200,000 square metres of residential, […]