Yangon govt may ban car imports next year

A majority of vehicle importers expect the Myanmar government to restrict imports of small vehicles next year to alleviate traffic congestion in Yangon, said Than Win, the joint-secretary of the Myanmar Region Public Transport Authority, in a lecture titled “Urbanisation and Transport” at the Yangon’s Orchid Hotel on September 3. “An increase in the number […]

Myanmar govt suspends 68 projects, waiting for new administration

YANGON – The Thein Sein government has suspended 68 projects, including coal-fired power plants, mining and private sector deals, to allow the next government to manage the assets when it takes office, according to state-owned newspapers. The report was published shortly after MPs discussed an urgent proposal last week calling the government to scrutinise the […]

15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

Long-awaited Yangon BRT system opens

Dr Maung Aung, chairperson of the Yangon Bus Line Public Company, said: “Currently, we cannot focus on huge profits. For the sustainable development of the BRT system, we have to run it as a public company. We worry that it would collapse in a short period of time, like the road transport department, if the […]

Fuel sector tops foreign investment list

The oil and gas, transport and telecommunications sectors topped the foreign investor list, with US$4.9 billion invested by the end of December during this financial year. Oil and gas came top with US$2 billion, followed by transport and telecommunications. Twenty countries, including Singapore and China, invested in these sectors. Last financial year, the total foreign […]

Korea chases investment in Myanmar

The ASEAN-Korea Centre sent 20 Koreans to Myanmar last week to seek investment opportunities. The investment and market research mission of businessmen and officials from the Ministry of Land, Infrastructure and Transport and the Korea Land and Housing Corporation went to Yangon on Jan. 13-15. The project was designed with Myanmar’s Directorate of Investment and […]

Inland Water Cargo Shipping Unpopular

Eighty percent of freights to international destinations are carried via sea routes, 10 percent by air and 10 percent by road, estimated Myanmar International Freight Forwarders’ Association (MIFFA). However, local freight transporting primarily depends on road transportation, said U Ye Win Tun, manager of Inland Water Transport (IWT). “Although inland water transportation is cheap, it […]

Estate agents predict foreign cash influx

Real estate sources are forecasting new laws and the availability of commercial property will draw in a wave of foreign investors. Active players market have reported increased interest in Mandalay and Bago, especially as prices rise in Yangon. “Next year, eyes will no longer just be on Yangon but on second and third cities. The […]

Inland Water Transport to be Privatised under BOT System

The Inland Water Transport, which is currently under the Ministry of Transport, will change to a build-operate-transfer (BOT) system implemented in accordance with inland water transport law, said U Ye Win Tun, manager of the department. “Our department is still a government department. We are calculating the value of our department possessions such buildings, land […]

MAMDA Eyes to Organise Standalone Auto Traders

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) has opened a regional sub association for Yangon region in a bid to develop a more organised auto trading sector with the participation of the public. Although many people in Myanmar engage in auto dealing as middlemen, only a few are fully informed about the fast changing […]