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SJ Myanmar Secures 6th Contract to Manage Jetty Construction

Photos of the Wilmar Jetty in Thilawa, Yangon, before (top photo) and after (lower photo) construction. Surbana Jurong Myanmar has secured its sixth project to manage a jetty construction in Myanmar.Wilmar Myanmar Port Terminal (Thilawa) Limited commissioned SJ Myanmar to oversee the construction of the extension of the Wilmar Jetty in Thilawa, Yangon. The project […]

METRO Wholesale Myanmar plans to open showroom in Mandalay

METRO Wholesale Myanmar, the first-ever foreign wholesale company, is planning to open the saleroom in Mandalay, said Mr. Jens Michel, CEO of METRO Wholesale Myanmar. The showroom was open in Yangon on September 30. METRO Myanmar aims at becoming a market leader in the domestic market that can help promote cooperation and sustainable development in […]

Allowing foreign insurance companies into local market

People save part of their income to deal with the inevitable consequences of old age, sickness and death for themselves as well as for their near and dear one. However mishaps like sickness and deaths occurs not only when a person gets old. It can happen anytime anywhere. Due to illnesses, accidents, carelessness of self […]

Toyota to build first Myanmar assembly plant in Thilawa

Japan’s Toyota Group will start building an assembly plant in Thilawa Special Economic Zone (SEZ) this year, according to a Myanmar Times source. Toyota Motor Corp, the automobile branch of Toyota, will invest several billion yen for the facility to manufacture pick-up trucks through semi-knockdown (SKD) production for the Myanmar market. An official announcement will […]

Four local life insurance providers form JVs with foreigners

Four domestic life insurers will cooperate with their foreign counterparts to form joint ventures in Myanmar, according to the Myanmar Insurance Association (MIA). Citizen Business Insurance (CB Insurance), First National Insurance, Grand Guardian Insurance and Capital Life Insurance will form joint ventures with foreign insurers, said U Thaung Han, managing director of CB Insurance and […]

Water bus to run in Ngamoeyeik creep: Yangon Chief

The region government is planning to run water bus in Ngamoeyeik creep for the convenience of water transport, said Yangon Region Chief Minister Phyo Min Thein during an interview with Myanma Ahlin newspaper. If the water transport is used, it can reduce the traffic jam in Yangon and transaction can be made through water transport, […]

Yangon Port handles over three million containers within three-year time

A total of eight new jetties, which can dock bulk carriers, are built within three-year time and more than three million containers are handled in that period, according to Myanma Port Authority (MPA). Yangon port, which is handling over 90 per cent of international maritime trade, has now possessed up to 41 jetties. Myanmar has […]

Germany’s METRO AG starts operations in Myanmar

Germany’s wholesale company Metro AG, kicked-off its operations in Myanmar over the weekend. The company will serve its customers in the fast-growing hospitality and tourism sectors from its modern warehouse in Yangon through its state-of-the-art digital ordering and delivery services. “The food wholesale industry in Myanmar offers big potential for Metro and we believe our […]

Yangon’s ‘new city’ plan raises a billion-dollar question

On January 12, the Chinese embassy in Yangon issued a statement that mentioned the US$.3.6 billion Myitsone dam project, suspended by the government since 2011, in a manner that aroused indignation in political circles and among the public. The statement, issued after a visit to Myitkyina by Chinese ambassador Mr Hong Liang, attributed Hong as […]

Vietnamese firm makes steel products in Thilawa

With Myanmar rapidly opening up to development, steel is becoming increasingly important to various industries in the country. Steel structures can be seen springing up across Yangon. As such, a Vietnamese steel importer is operating a manufacturing unit in Myanmar. Despite being one of the essential materials for construction, Myanmar relies heavily on imports rather […]