China to hold 70% stake in Myanmar’s planned strategic seaport

Myanmar will hold a 30 percent stake in its strategic deep-water seaport project led by cash-rich China, giving Beijing a 70 percent interest, under their final agreement reached during recent talks between the two countries, according to a visiting senior Myanmar official. That is an improvement for the emerging Southeast Asian economy from the initially […]

Electricity subsidy is wrong, Pun tells minister

Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

Yangon’s plan to build dry port in the east waylaid by parliament concerns

The Yangon government’s plan to launch two logistics projects in the outskirts of the city to relief traffic congestion downtown has been met with parliament resistance. The Ngwe Pin Le Integrated Logistics Zone and IWT Jetty Link Dry Port Project are now being established across 194 acres of land near Ngwe Pin Le industrial zone […]

After Pakistan, China trying to build economic corridor to Myanmar

BEIJING: China and Myanmar are close to signing a deal on the establishment of a China-Myanmar Economic Corridor along the lines of the controversial China-Pakistan Economic Corridor (CPEC). Once launched, the project will unleash a massive inflow of Chinese funds to Myanmar which can further weaken Indian influence over its eastern neighbor. A senior Myanmar […]

Massive Yangon City Expansion Renders Naypyitaw Pointless

Myanmar’s business capital of Yangon will see a massive expansion to accommodate its growing population and make the city more business-friendly and livable, the regional government said. This will make custom-built capital Naypyitaw, located 367 kilometers in the north in the middle of nowhere, an even more pointless city, observers noted. The New Yangon City […]

Yangon government plans to buy, store fuel in attempt to control prices

As domestic fuel prices are expected to rise faster than global prices, the government will hedge against price volatility by buying and storing petrol onshore as demand rises during the coming fiscal year, said Yangon Chief Minister U Phyo Min Thein. Fuel, gasoline and diesel are vital for facilitating the flow of trade in Myanmar. […]

Gov’t plans three hydropower projects in Sagaing region

The regional government is planning to develop three hydropower projects in Homalin, Kani and Nanyon townships in Sagaing region under the guidance of State Counsellor Aung San Suu Kyi, said Than Nyunt Win, regional minister for electricity, industry and transport. The company that won a tender to conduct an assessment of the potential for electricity […]

Despite Over 30,000 Registered at YRTA, Many Have Yet to Sign Up

​​ Over 30,000 vehicles have been registered as city taxis at the Yangon Region Transport Authority (YRTA) up to January 2 but thousands are expected to remain outside the list. The YRTA announced in November 2017 that all taxis must register by the end of December as the last date. In total, 7,880 taxis were registered […]

India-Myanmar-Thailand Car Rally completes First Leg

The second India-Myanmar-Thailand Motor Rally completed its first leg from Guwahati to Bangkok on December 3 and is now on its return journey, an official statement said on Tuesday. According to the Ministry of Road, Transport and Highways (MoRTH), the rally was flagged off from Guwahati on November 25 with 50 participants, including five women, […]