Chinese developer to invest US$390m in Mandalay project

The Myotha Garden town project is being developed with the aim of attracting foreign investment. China’s Mandalay Boashang Myotha Development Co Ltd plans to invest US$390 million in the Myotha Garden town project that is being jointly developed by the Mandalay regional government and Mandalay Myotha Industrial Development Public Co. Ltd. (MMID), sources said. The […]

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 […]

Myotha park share sale to end

Mandalay Myotha Industrial Development (MMID) Public Company will halt its share issue in October after raising K126 billion (US$129 million) from 1167 separate investors to date, company director U Aung Win Khaing said. The share issue ended after a pre-determined six-month period, though company officials will provide a counter to function as a secondary market […]