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Korean company conducts survey to build a dry port in Monywa

A Korean company is conducting a survey to build a dry port in Monywa, Sagaing Region to transport containers using railroad, according to Ministry of Transportation and Communications. At the present, the ministry is built a dry port each in Ywarthagyi in Yangon Region and Myitnge in Mandalay Region and seven places are proposed to […]

Myanmar plans smart city in Thilawa SEZ

The Thilawa Special Economic Zone Management Committee said it plans to invite foreign developers to set up a smart city in the Thilawa SEZ. Japan has proposed drafting a master plan for the project, and the plan is expected to be finished within this year. The proposal came up during a workshop on Implementation of […]

Yoma Land to launch City Loft in StarCity in January 2019

Yoma Land has revealed details of City Loft, a new real estate offering targeting the underserved middle-income market in Yangon. City Loft combines a competitive price point with mortgage repayment terms of up to 25-years, making homeownership accessible to many who would traditionally be priced out of the real estate market. The company says the […]

Taiwan’s aluminium maker launches $13m Thilawa plant

Taiwan’s top aluminium maker has launched its first manufacturing plant in Myanmar. Abba Aluminium Co, headquartered in Taoyuan, held the opening ceremony for its factory in Thilawa Special Economic Zone (SEZ) on December 24. Initial investment amounted to US$13 million and 300-500 local employees will be hired, according to Abba’s chair Chen Pai-chin. The estimated […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Yamato launches cross-border trucking, relocation services

Japan’s largest package delivery company has set up a US$500,000 joint venture in Myanmar to specialise in Thai-Myanmar cross-border trade and small-cargo delivery for households and businesses. Yamato Group through its Singapore-based subsidiary formed a joint venture (JV) with Myanmar firm Aye International Group Co (AIG) last December. Total capital for Yamato Global Logistics Myanmar […]

Chinese manufacturers eye Myanmar base as trade war escalates

Myanmar stands to gain from the ongoing trade spat between China and the US, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said yesterday. Interest to set up manufacturing and production facilities in Myanmar among the Chinese has risen ever since the US this month imposed a […]

RFP for Investment, Design, Development and Operation of a New Hospital at Thilawa, Closing date: 6 July 2018.

Thilawa Property Development Limited is the developer of the Residential and Commercial Area of Thilawa SEZ. We are seeking proposals from well reputed, financially sound companies with similar existing experience for the following project: Investment, Design, Development and Operation of a New Hospital (a) Security deposit of 100,000,000 Kyats (One Hundred Million Kyats) is required […]

Yangon elevated expressway doesn’t need MIC approval: official

The Yangon elevated expressway project is a government-to-government project and it doesn’t need approval from the Myanmar Investment Commission (MIC), according to the MIC. “Government-to-government projects are not submitted to the MIC. If the investment is made by public, private and partnership and as a developer, it is submitted to the MIC. The infrastructure projects […]

Yangon to Build $400 Million Elevated Expressway

The Ministry of Construction and International Finance Corporation (IFC) on January 11 signed an advisory services agreement to build an elevated expressway connecting Yangon port, Thilawa SEZ, Yangon International Airport, Yangon Industrial Zone and Yangon-Mandalay expressway. The 20.5-kilometre elevated expressway will cost US$400 million (535.86 billion kyat), with maintenance costs to be paid for by […]