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Myanmar stocks surge on hope of foreign funding

Expectations are growing for an influx of foreign investment into Myanmar two months after local authorities said they would lift restrictions to allow overseas investors to trade shares of locally listed companies. The Myanmar Stock Price Index or Myanpix surged 10% in August, despite the turmoil in global markets, on such expectations. Indeed, local investors […]

NYDC: Evaluation of Expression of Interest for Stage-2 Infrastructure Projects

CEO’s Weekly Blog – 20 August 2019   Dear Friends, On 11 February 2019, NYDC announced the Request for Expression of Interest (EOI) to participate in the Stage-2 infrastructure projects, which included six work streams, namely, 1) Power Supply and Distribution; 2) Natural Gas Supply and Distribution; 3) Cyber Connectivity; 4) Public Transport; 5)  Waste […]

NYDC Blog: The Completion of New Yangon City Master Planning

CEO’s Weekly Blog – 23 July 2019 The Completion of New Yangon City Master Planning Dear Friends, The master planning for New Yangon City was recently completed by AECOM, which identified the most efficient land use planning and built environment. This included infrastructure, economic development, environmental planning, transportation planning, social and cultural planning. AECOM was […]

Why is Serge Pun betting on tourism?

Tourism has borne the brunt of an economic slowdown and the international outcry over Rakhine, but one tycoon is feeling bullish about the industry. By BEN DUNANT | FRONTIER “TOURISM is low-hanging fruit in any country looking to develop,” says Mr Serge Pun, puffing on a cigar in the headquarters of Memories Group, a company […]

How NYDC Develops New Yangon City Sustainably

NYDC CEO’s Blog: How NYDC Develops New Yangon City Sustainably Dear Friends, For the scoping of the environmental study perimeter for New Yangon City project, the NYDC team has conducted several discussions with relevant specialists and officers from the Ministry of Natural Resources and Environmental Conservation (MONREC) – Environmental Conservation Department (ECD) since mid-2018. During […]

NYDC: Addressing Key Public Concerns on New Yangon City

CEO’s Weekly Blog – 18 March 2019 Addressing Key Public Concerns on New Yangon City Dear Friends, We had the second Townhall Meeting on 6 March 2019. Some of you may have attended in person, some may have watched it on our NYDC Facebook Live Stream. It was a robust discussion and I am glad […]

New Yangon City Chief Grilled Over Chinese Contractor’s Reputation

The CEO of the company developing the controversial New City project on the west bank of the Yangon River has defended the involvement of a Chinese firm with an international reputation for engaging in bribery and corruption. The Yangon government-backed New Yangon Development Company (NYDC) last year signed a US$1.5-billion (about 2.3 trillion kyats) framework […]

YCDC: Clarification of Three Key Misconceptions of New Yangon City Project

CEO’s Weekly Blog – 26 February 2019 A Closer Look at the Facts of the Project Dear Friends, Since the final Master Plan presentation at the YCDC City Hall on 15 February 2019, several articles and editorials have appeared in the local press and social media. While many of them supported the project and applauded […]

Glamping arrives in Mergui Archipelago

It’s a case of ‘take only photos and memories, leave only footprints’ at the newest five-star resort in the remote Mergui Archipelago, off the coast of southern Myanmar and Thailand. With its opening listed as among the most highly anticipated by luxury lifestyle Robb Report and Luxury Travel magazine, Awei Pila (aweipila.com) received its first […]

NYDC invites Expression of Interest for list of Infrastructure Projects. Closing Date 28 Feb 2019

  New Yangon Development Co., Ltd. (NYDC) is inviting interested companies to begin the first step of the NYDC Challenge for the below infrastructure projects for development of the New Yangon City Phase 1. Power Supply and Distribution Public Transport System Cyber Connectivity Infrastructure Municipal Waste Disposal Natural Gas Supply and Distribution Convention Center The […]