Yangon River

Myanmar’s first dry port opens for business

November 16, 2018 by Thiha

KM Terminal & Logistics Ltd (KM) and Resource Group (RG) officially opened two separate dry port projects in Ywar Thar Gyi, Yangon yesterday. A dry port is an inland intermodal terminal directly connected by road or rail. Freight trains will run from Ywar Thargyi to a second dry port in Myit Nge, Mandalay, which KM […]

Filed Under: Latest News Tagged With: Cargo, Dry Port, Freight trains, Kerry Logistics, KM Terminal & Logistics Ltd, LOGISTICS, mandalay, Mother Logistics, Myanma Railways, Myit Nge, rail, Resource Group, Road, thilawa, Yangon River, Ywar Thar Gyi

Yangon Gov’t Abused Its Power by Investing in Controversial New City Project: Lawmaker

October 11, 2018 by Thiha

The Yangon Regional government was accused of abusing its power by investing 10 billion kyats ($6.5 million) in a controversial new city project on the western bank of the Yangon River without the parliament’s prior approval. In March, the Yangon government launched New Yangon Development Company (NYDC) which is to be the developer of the […]

Filed Under: Latest News Tagged With: CCCC, China Communications Construction, flood-risk assessment, FRA, infrastructure, New Yangon Development Company, NYDC, Serge Pun, socio-economic, western bank, Yangon Metropolitan Development, Yangon Metropolitan Development Public Co.Ltd, Yangon River, Yoma Strategic Holdings

New Yangon City CEO Urges Gov’t to Act Quickly to Secure Chinese Investment

September 26, 2018 by Thiha

The CEO of the New Yangon City project said he believed the controversial project on the western bank of the Yangon River will be “a success” if Myanmar is able to take advantage of trade tensions between the U.S. and China and lure more foreign investors. “I believe we will succeed; now is the right […]

Filed Under: Latest News Tagged With: Bangladesh, Cambodia, CCCC, China, China Communications Construction, flood-risk assessment, flooding, FRA, infrastructure, Myanmar Earthquake Committee, New Yangon City Project, New Yangon Development Company, NYDC, Royal HaskoningDHV, Serge Pun, Socio-Economic Master Plan, trade tensions, Vietnam, Yangon River

New city development needed to draw foreign investments: Chief Minister

September 5, 2018 by Thiha

Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]

Filed Under: Latest News Tagged With: bank, construction, Directorate of Investment and Company Administration, foreign investors, house, industrial zones, infrastructure, installment, investment, lease, New Yangon City Project, power shortages, projects, U Phyo Min Thein, water distribution, Yangon, Yangon Amata Smart & Eco City, Yangon River

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

August 24, 2018 by Thiha

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, […]

Filed Under: Latest News Tagged With: construction, Dala, Dala constituency, Dala-Bridge, Downtown Yangon, hluttaw, industrial zone, industrial zones, Kawhmu, Kon Chan Kone, Korean Economic Development Cooperation, Lanmadaw Township, MInistry of Construction, Ministry of Transport and Communications, MPA, Myanma Port Authority, Myanmar Wooree, Myanmar-Korea Friendship Bridge, Phonegyi Road, South Korea, Transport, U Phyo Min Thein, Yangon Region Chief Minister, Yangon River

MoU for Dala Industrial Development Project Signed

August 23, 2018 by Thiha

The Yangon regional government and South Korea-based Myanmar Company Wooree signed a memorandum of understanding for the Dala Industrial Development Project on Saturday, a project to be implemented on the west bank of Yangon River near the ongoing Yangon-Dala bridge project in one of Yangon’s undeveloped townships according to the Yangon regional government. The Yangon […]

Filed Under: Latest News Tagged With: accidents, Ayeyarwady Region, Bo Min Yaung Street, Dala Industrial Development Project, MOU, Phone Gyi Street, President Thein Sein, South Korea-based Myanmar Company, South Korea’s Economic Development Cooperation, U Phyo Min Thein, U Than Myint, Union Minister for Commerce, Wooree, Yangon government, Yangon Regional Economic Development, Yangon River, Yangon-Dala bridge project, Yangon's chief minister

Can the regional government manage both old and new Yangon?

August 21, 2018 by Thiha

The Yangon region government has come under flak since March, when it announced the launch of a new Yangon City project at the west bank of Yangon River. If and when the first phase of the US$5 billion development is complete, it will include five village townships, two bridges, 26km of artery roads, 10 sq […]

Filed Under: Latest News Tagged With: Capstone Education Consulting, CCCC, China Communications Construction Company, Chinese, Dala, electricity supply, illegal parking, Kawhmu, Kone Changone, Kyee Myin Daing township, local tycoon Serge Pun, Myanmar conglomerate, Myanmar Construction Entrepreneurs Association, new city, New Yangon City Project, New Yangon Development Co., NYDC, singapore, South Korean, Swiss Challenge, U Phyo Min Thein, Urban Development Act, water distribution, Yangon, Yangon Chief Minister, Yangon City Development Committee, Yangon Region Government, Yangon River, Yangon roads, Yangon’s population, YCDC

Plenty of political will but no cash for New Yangon project

July 23, 2018 by Thiha

Large areas west of the Yangon River here look dark and depressed, at least from an airplane taking off or landing from the capital’s airport after sunset. In stark contrast to the city center, on the east side of the river, where high-rise commercial buildings and shiny condominiums are popping up, the opposite bank gives […]

Filed Under: Latest News Tagged With: CCCC, China Communications Construction Co., conglomerate Serge Pun & Associates, democracy, government-backed finance, Kyimyindaing township, Myanmar, National League, New Yangon Development Co., NYDC, Phyo Min Thein, private-sector investors, Public-Private Partnership, Serge Pun, Swiss Challenge, urban development project, Yangon Chief Minister, Yangon River

Myanmar takes new measures to promote foreign investment

July 3, 2018 by thiha

YANGON — Myanmar has reformed its investment commission recently and will soon enforce a new companies law in a bid to promote foreign investment. The new Myanmar Investment Commission was reorganized with 13 members with Minister at the Office of the Government U Thaung Tun as chairman. Along with the enactment of the new Myanmar […]

Filed Under: Latest News Tagged With: foreign direct investment (FDI), Myanmar, new Myanmar Companies Law, new Myanmar Investment Commission, U Thaung Tun, urban development project, Yangon Region Investment Committee, Yangon River

New Yangon City Project CEO Questioned About Role of Chinese Firm

June 28, 2018 by Thiha

YANGON—Serge Pun, the CEO of the controversial New Yangon City project on Saturday partially disclosed the terms of a deal with a Hong Kong-listed Chinese firm that could see it provide infrastructure for the first phase of the development. The revelation came amid a question and answer session at a public meeting organized by the […]