Surbana Jurong and Mitsubishi Corporation Enter Joint Venture to Set up Fund Management Company

SINGAPORE, Sept. 14, 2018 /PRNewswire/ — Surbana Jurong Capital, the newly established financial services arm of Surbana Jurong, and Mitsubishi Corporation today signed an agreement to set up a fund management company (FMC). The FMC will be a 50:50 joint venture between the two companies and will be jointly managed by both partners. The FMC […]

Construction of new multi-purpose port in Yangon proposed in parliament

A proposal to construct a multi-purpose port in Kawhmu township, southwestern Yangon, was submitted to the Yangon Regional Parliament by U Zaw Aye Maung, Rakhine ethnic minister last week. “Yangon is the gateway to trade and handles up to 95 percent of the country’s imports and exports. The current port capacity in Yangon and Thilawa […]

MOU opens doors to Myanmar for more Singapore firms

SINGAPORE — Homegrown transport and logistics firm Bok Seng Group signed an agreement with Myanmar’s Ayeyar Hinthar Group earlier this year to develop a one-stop logistics hub in the Pathein Industrial City — the region’s first large-scale industrial park. Bok Seng is one of the growing number of Singapore businesses seeking to expand into the […]

Myanmar Construction Sector ‘a Natural Market for Singapore’ – Surbana Jurong CEO

The construction and engineering sectors in Myanmar “can progress at a much faster rate” than its regional neighbours like Vietnam because it has British building standards and codes, the head of a major urban development con­sultancy has said. Wong Heang Fine, group CEO at Singapore-based Surbana Jurong, said a shared legacy of British rule means, […]

Affordable Housing Still Unattainable for Many

​​ RANGOON — In an effort to build low cost and affordable housing across Burma, the Myanmar Construction Entrepreneurs Association (MCEA) and Singapore-based consultancy Surbana Jurong signed a memorandum of understanding (MOU) at Sule Shangri-La Hotel on Friday morning. Government-owned Surbana Jurong has played a role in urban development and public housing in Singapore. The […]

Ministry Aims at 1 Million Housing Units by 2030

​​ The Ministry of Construction has planned to implement one million units by 2030, according to the government’s housing development plan. The plan began in 2012 and it is intended to be implemented over the course of five years. As the plan is reaching its first five-year marker, the government should be building an estimated […]

Surbana Jurong goes underground to expand Myanmar business

Surbana Jurong has added Yangon’s first underground pedestrian walkway, an airport and a special economic zone to its list of Myanmar projects, the Singaporean infrastructure consultancy announced this week. Shwe Taung Development awarded Surbana Jurong the contract for the 30-metre underpass last week. The country’s first underground walkway will be located on Pyay Road and […]