Logistics zone, transport jetty to be built under public-private partnership

The Yangon Regional Gvernment is going to develop the Ngwe Pin Lel Integrated Logistics Zone and Inland Water Transport Jetty under a public-private-partnership (PPP) agreement, U Myint Thaung, the regional minister of planning and finance for Yangon Regional Government, said. The matter came up when regional representative Daw Sandar Min questioned U Myint Thaung about […]

Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

Six-company foreign consortium wins bid for implementing Kyaukphyu SEZ in Myanmar

Subscribe to our tender alert mailing list Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China’s CITIC, has won the bid for implementing two projects of the country’s newly planned special economic zone (SEZ) in Kyaukphyu, western Rakhine state. The transnational consortium involves five Chinese and one Thai firms. […]

For foreign lenders, Myanmar is no zero-sum game

SINGAPORE – A Foreign bank setting up a branch in Yangon must take its first step together with eight other lenders, all eager to tap a country that has been in isolation for more than 50 years. But international lenders noted that co-operation, not direct competition, will serve the greater good for now. “Competition among […]

Hong Kong third-biggest investor in Myanmar

Mainland China is the biggest investor in Myanmar, with US$14.19 billion of cumulative investments, while Hong Kong ranks third with US$6.39 billion, PricewaterhouseCoopers revealed yesterday. Thailand was the second-biggest investor in its southeast Asian neighbour, with a cumulative investment of US$9.98 billion, said Jasmine Aung, Myanmar director at PwC. The Myanmese government was preparing to […]