Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]

Myanmar hires China Communications to survey bold new city

Myanmar’s plans to build a city twice the size of Singapore took a step forward this week with the signing of a framework agreement with China Communications Construction Company (CCCC) to conduct preconstruction surveys as a prelude to the $1.5bn first phase of the scheme. It may not be CCCC, a huge state-owned company, who […]

Local and foreign investments create over 110,000 jobs in 2017-18 FY

Local and foreign investments allowed by Myanmar Investment Commission (MIC) in 2017-18 FY will create over 110,000 job opportunities, according to Directorate of Investment and Companies Administration (DICA). A total of 93,197 domestic workers and 2,508 foreign workers will be employed in 222 foreign investments in this fiscal year. Over 21,500 domestic workers and 467 […]

Fishery exports break 20-year record, could double within two years

Myanmar exported over 560,000 tonnes of fishery products in 2017-18, the highest in 20 years, according to data provided by the Ministry of Agriculture, Livestock and Irrigation (MOALI). At those levels, the exports are worth $711 million. That could more than double to $2 billion-$3 billion within the next two years, if the right technology, […]

Shwe Taung completes Yuzana blocks with new technology, targets more work in Dagon Seikkan

Infrastructure developers at Dagon Seikkan township, Yangon Region, have experimented successfully with modern construction techniques aimed at saving time and costs as well as building sustainable living conditions. Last week, local real estate developer Shwe Taung Group, which is involved in a Public-Private Partnership (PPP) to develop the Yuzana low cost housing project in Dagon […]

Yangon’s new city vastly ambitious but govt’s role called into question

YANGON’S government has formed a company to develop a landmass twice the size of Singapore as a re-launch of the “new city” development project abandoned last year. While officials has gone as far as comparing the project’s ambition with the urban development of China’s Shenzhen, a business leader has called into question why the government […]

Vietnam’s Eurowindow to build two factories in Myanmar

The Hanoi-based company Eurowindow, a leading integrated solution provider for doors and façades in Vietnam, which was established in 2002, plans to invest in Myanmar by building its first overseas manufacturing factories. The company’s CEO said that they aim to spend around US$ 120 million for two factories in Myanmar. “Myanmar has a lot of […]

YCDC investigates long building constructions delays in Yangon

YCDC is investigating long delays in the construction of buildings in Yangon Region and the reasons behind unreasonable delays, said Yangon Mayor U Maung Maung Soe on Monday at the Yangon Parliament. The construction of many buildings in the region has been suspended for several years, according to MP U Yan Aung from Mingalar Taung […]

Providing internet services within three days

With an array of coherent computer networking and value added services, AGB Communication Company is now shifting its focus from Yangon to other cities around the country. AGB Communication Company, awarded the near-field communication (NFC) 1 license in 2015 and currently providing Metro Fiber and Broadband internet services, has been supplying its amenities to 80 […]

YCDC profits from farm production, leasing activities

Yangon Region draws profits every year from its farms and other means of production, Yangon Mayor U Maung Maung Soe said at a Yangon Regional Parliament session last week. Since 2001-02, Yangon residents have enjoyed affordable access to rice, fish, eggs, poultry, meat and vegetables produced by farms operated by the Yangon City Development Committee […]