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Myanmar, Japan revive talks on building Hanthawaddy airport

Myanmar and Japan will form a joint venture and sign an agreement next year to kickstart the long postponed Hanthawaddy International Airport project located 80km north of Yangon near Bago. According to several government officials, both the Myanmar and Japanese governments have met at least four times to nail down details of the project, which […]

Colliers Myanmar Mandalay Property Market Review 2018 and Outlook 2019

Summary & Recommendations Mandalay City continues to be a promising investment destination with big-ticket infrastructure and property projects being set in place. Township developments such as the Mandalay Resort City (NMRC), and Ye Dagun Taung mixed-use development, among others, are just some of these projects that will continually shape the city’s growing property landscape. Also, […]

China-Myanmar railway makes significant breakthrough

Construction of the China-Myanmar railway is expected to speed up as a vital segment within Myanmar saw a positive breakthrough during the just-concluded Belt and Road forum in Beijing. During the opening day of the second Belt and Road Forum for International Cooperation on Thursday, Li Changjin, chairman of the China Railway Group Company (CRGC), […]

Chinese Firm Proposes $1.5-bn Elevated Railway for Yangon

YANGON—China is looking to make further inroads into Myanmar’s economy by funding a US$1.5-billion elevated railway project in the country’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made a presentation about its planned project to develop an elevated railway to lawmakers in a media room in the regional parliament on Monday. […]

In race for influence with China, India investing more in neighbouring countries

India has sharpened its focus on development assistance for its neighbours, especially for high impact projects driven by local needs, as it finds itself in a race for influence in the region with China. An array of projects, ranging from the nearly $300-million Salma or Afghan-India Friendship Dam to the Rooppur nuclear power plant being […]

Railway reforms in Myanmar pick up steam

Since traffic congestion in Yangon has worsened due to the rise in internal migration, Myanmar has plans to speed up its railway sector reforms from this year onwards, according to a government official. Ba Myint, senior general manager and project director at Myanma Railways, said state-owned trains carried more than 47 million passengers last year, […]

Yangon to Mandalay Railway Back on Track

The railway linking Yangon to Manda­lay has been slat­ed to receive a series of large-scale, overdue reno­vations. With a loan from the Japan International Co­operation Agency (JICA), the 385 mile stretch of rail will be revamped to meet international standards and halve transportation times. U Myo Win, General Manager of Myanma Rail­ways, told the Myanmar […]

Titan Petrochemicals getting into Myanmar

The group said in a press release that its Surplus Full unit would be forming a 49-51 joint venture with a paid up capital of RMB10m ($1.5m) with Yunnan Investment Group to promote a 5m tonne oil refinery project in Myanmar as well as develop other business in the energy, tourism, railway and finance industries. […]

Myanmar sees boost in private investment in agriculture

Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]

As Changes Come to Myanmar, Train Upgrade Is Just the Ticket

The Yangon Circular Line doesn’t get much love. Its aging trains circumscribing Myanmar’s largest city meander through 39 stations at an average speed of 10 miles an hour. It takes over three hours to complete the route, monsoon rains permitting. But now this forgotten railway is finally gaining some attention as a way to beat […]