POSCO Daewoo launches agribusiness in Myanmar

POSCO Daewoo is launching an agribusiness venture in Myanmar as the company’s future growth engine. According to a POSCO Daewoo official, Sunday, Korea’s largest trading affiliate under POSCO group has secured construction and investment approval from the Myanmar government to build a rice processing complex (RPC) in Twante, the most accessible delta town from Yangon […]

Green Light for Southwest New City Project?

A tentative green light has been given for the development of Yangon’s Southwest New City – but the regional government says it will exercise strict control to keep out land speculators. The move appears to dispel some of the uncertainty that has clouded the project since the new regional government took over. The three companies already selected […]

Mayor: ‘New City’ Going Forward, Imperative For Yangon’s Future

The Yangon Region government is pressing ahead with plans in the commercial capital townships of Twante, Seikgyi Khanaungto and Kyeemyindaing for the “new city” development, in line with a broader master plan it has for Myanmar’s biggest city, Mayor U Maung Maung Soe told the regional parliament last week. U Maung Maung Soe said the […]

Korean firms to be invited to build Yangon-Dala bridge

A Tender for private companies to build a multi-million-dollar suspension bridge connecting downtown Yangon with sleepy Dala township will be called “soon”, but only for Korean firms, the Ministry of Construction’s permanent secretary said. U Kyaw Lin said a consulting company will be chosen this month to oversee the tender. “The ministry is choosing a […]

Real estate rush in Twante township

In the eyes of land speculators the stars are aligning for Twante township on the outskirts of Yangon, which is swiftly being linked to the city by new roads and bridges and is located beside a huge new development project, the Southwest New City. The sleepy township depends on agriculture and most of its residents are farmers, […]

Aquaculture in Transition in Myanmar

Introduction Fish farming (aquaculture) is important to Myanmar’s food security and is developing and transforming quickly. This study presents findings from a new field survey of the farmed fish value chain that is more detailed and broader than any previous study conducted in Myanmar. Many of our findings are at odds with what we perceive […]

Parliament approves large loan for Dala-Yangon bridge build

The Pyidaugnsu Hluttaw has given the go-ahead to a US$138 million loan from South Korea to build a bridge between Yangon and Dala – a project that will cost nearly $170 million. The $137.8 million loan from South Korea’s Economic Development Cooperation Fund, which will go to Myanmar’s Ministry of Construction, gained approval on May […]