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Colliers Property Report – Yangon Serviced Apartment Supply Q3 2019

  Summary & Recommendations While the strong influx of foreign investors and expatriates has ultimately facilitated the rental activity in Yangon in the last few years, a number of companies remain challenged by the lean selection of decent quality apartments. More recently, companies are becoming more cautious in terms of managing costs, exerting downward pressure […]

South Korean firm invests in Bago power project

South Korea’s MCM Power Company will invest over US$35 million on a power generation and distribution project in Pyay township, Bago, according to U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). The gas-powered project is expected to generate 40MW of electricity. Interest in the Myanmar power sector from Hong […]

Prospects look bright for South Korean-backed industrial complex near Yangon

The Korea-Myanmar Industrial Complex (KMIC) is set to be among the best industrial complexes in Myanmar and will help unlock the potential of Myanmar, China, India, and ASEAN as markets, Kim Gunwoo, general manager of the Korea Land and Housing Corporation (Myanmar), said in an interview with The Myanmar Times. Korea Land and Housing Corporation […]

Offshore Myanmar contract goes to McDermott

POSCO International Corp. has awarded McDermott International, Inc. a front-end engineering design (FEED) contract for the Shwe Phase 3 gas field development offshore Myanmar, McDermott reported Tuesday. The scope of work under the contract includes FEED services for a new compression platform, a bridge link and modifications in existing platforms, McDermott notes in a written […]

Yangon project tests quake resistance of city high-rises

A project to assess the ability of Yangon’s buildings to withstand earthquakes will begin with Tarmwe township, the region’s Chief Minister U Phyo Min Thein said at the launch of the project at a local hotel. Tarmwe is densely populated and has many high-rise buildings, so they should be strengthened to be able to resist […]

Hang on, Yangon! The City Getting a Facelift One Alley at a Time

After the nonprofit workers cleaned out all the garbage from behind his building, Win Nit, a native of Yangon, Myanmar, was amazed at how much space was back there. “I didn’t even consider this spot as anything but a dump,” he says, frying samosas in an alley that was once buried under a thigh-high drift […]

Hanthawaddy International Airport Project to Begin Next Year

YANGON—The long-postponed, Japan-backed Hanthawaddy International Airport project will start next year, Deputy Director-General U Ye Htut Aung of the Ministry of Transport and Communications told The Irrawaddy. The Civil Aviation Department, the Yangon Aerodrome Co Ltd—which operates Yangon International Airport—and Japanese government officials, led by the deputy transport minister, have held five rounds of talks […]

Monywa to produce electricity and fertilizer from waste

The Japanese corporation Fujita is conducting a feasibility study on implementing production of electricity and fertilizer from waste in Monywa, according to Kyaw Myo Win, chairman of Monywa Township Municipal Committee. The Osaka based Zaibatsu will provide 40 percent through its Myanmar branch while the remaining 60 percent will be provided by the regional government. […]

Myanmar Metals eyes $30m raising

The Mark Creasy-backed Myanmar Metals is raising $30 million for its flagship Bawdwin project in the South East Asian country. The polymetallic explorer is raising $20.8 million in a discounted placement priced at 6.5¢, along with $9.2 million in a one-for-nine rights issue. The cash will be used for a definitive feasibility study, further drilling, […]

Sittwe & Paletwa Inland Waterway Tender. Closing Date 10 June 2019

For Appointment of Port Operator/Contractor for Management, Operation & Maintenance of Myanmar Port & IWT Terminal at Sittwe and IWT Terminal at Paletwa under Kaladan Multi-Modal Transit Transport Project Tender No: IWAI / KPMU / 45/2019 (Notice Inviting E-Tender) Inland Waterways Authority of India (IWAI) ,on behalf of Ministry of External Affairs (MEA), invites ONLINE […]