The stake-driving ceremony of Yangon-Dalla Bridge will be held in December 23, and the construction of the bridge will start in January next year, according to the press conference by the Construction Ministry in Dalla Township in Yangon on November 24. Kyaw Kaung Cho, deputy director general of Bridge Department at the Construction Ministry said: […]
Myanmar hires China Communications to survey bold new city
Myanmar’s plans to build a city twice the size of Singapore took a step forward this week with the signing of a framework agreement with China Communications Construction Company (CCCC) to conduct preconstruction surveys as a prelude to the $1.5bn first phase of the scheme. It may not be CCCC, a huge state-owned company, who […]
Mastercard to keep high growth rate in Myanmar
Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]
Thai firm Double A wins tender for new paper plant in Myanmar
Subscribe to our tender alert mailing list Double A, a Thai firm, announced yesterday that it has won a 30-year contract for an advanced paper plant in Thabaung, which is under the Ministry of Industry, for US$ 80.5 million (Ks 78.32 billion). The ministry had invited tenders from interested local and foreign firms, starting from […]