IFC launches its sustainability guidelines in Myanmar language

Arm of world bank guides local companies on managing environmental, social risks The International Finance Corporation, a private sector arm of the World Bank Group, last week released a Burmese version of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governments […]

Myanmar’s toxic legacy of large dams

The country’s first strategic environmental review provides a chance to demand more from investors and dam builders, but is still being seen as too little, and leading to fierce resistance by marginalised communities. In September spectacular drone footage revealed the beauty of the waterfalls, rapids, ancient temples and islets of the Nam Pang River, a […]

HAGL launches second phase of Myanmar Centre

Vietnamese developer Hoang Anh Gia Lai has started building the second phase of its landmark Myanmar Centre, which will include two office towers and five residential towers including serviced apartments and units for sale. The first phase of the US$440 million project included a shopping centre called Myanmar Plaza, which opened at the end of […]

Melia enters Myanmar with maiden Yangon hotel

MELIÁ Hotels International has signed an agreement with Vietnam’s Hoang Anh Gia Lai (HAGL) Group on April 30 to manage the five-star Meliá Yangon. Owned by HAGL, the 429-room hotel will be part of the mixed-use Hoang Anh Gia Lai Myanmar Centre and is one of HAGL’s largest real estate projects, with a total investment […]