Questions Raised About $300 Million Downtown Development Project

YANGON — Land clearing and demolition for a project worth more than US$300 million on the former site of a Defense Services Museum, near Shwedagon Pagoda, has prompted a lawmaker to inquire about the initiative in the upcoming parliamentary session. U Kyaw Zay Ya, a Yangon regional lawmaker representing Dagon Township—where the site is located—told […]

Seven foreign and local enterprises permitted to invest US$1,435.808 million

Seven foreign and local enterprises have received permission to invest US$1,435.808million, creating 5,533 job opportunities, according to the Myanmar Investment Commission meeting held on 21st January. There were foreign investments of US$1,416.080million and Myanmar Citizen investments of US$19.728million. The foreign investments were from China, Singapore, South Korea, Viet Nam and Samoa, it is learnt. The […]

Invitation to Open Tender for the lease of Myanmar Railway-owned land; Closing Date: August 20, 2014

Subscribe to our tender alert mailing list Invitation to Open Tender for local Myanmar business person / Companies for lease of Myanmar Railway Owned land via Built, Operate Transfer (BOT) system. 1. Interested Myanmar business persons/ companies* are invited to lease the land on a long term basis using BOT system for the Rail Owned […]

Port project to get shopping mall

A firm called New Downtown Development Company will build a 10 storey building including a luxury shopping mall at Yangon’s Pansodan port, said Union Minister for Transport U Nyan Tun Aung. The firm won a tender to develop the building at the port, which is a main passenger terminal for the Yangon-Dala township ferries that […]

Tourism firm commits Ks 46 billion to project on ex-military college grounds

YANGON—Adventure Myanmar Tours & Incentives Company will invest Ks 46 billion (US$ 46 million) to build hotels and infrastructure on 7.42 acres of land at the former National Defence College, according to the Myanmar Investment Commission. The MIC allowed the company to operate on the former college grounds in accordance with the foreign investment law […]