Yangon Central Railway Comprehensive Development Project to Continue

The Union government will select a winner for the tender of the Yangon Central Railway Comprehensive Development Project by next month, U Htun Aung Thin, general manager of Myanma Railways (lower Myanmar). Under the project, Yangon Railway Station is to be redesigned and rebuilt as an international standard railway station equipped with modern business outlets […]

Bouygues, Kajima, Taisei win $1.1bn of Work in Myanmar as Rohingya Crisis Continues

While international attention is focussed on the plight of more than 800,000 Rohingya Muslims forced from their homes in Myanmar’s Northern Rakhine state and sheltering in refugee camps in Bangladesh, the increase in foreign investment into Myanmar continues, leading to a rush to build modern office complexes in Yangon, the country’s commercial capital. Today it […]

Yoma awards building contracts worth over US$400m for new Yangon developments

SINGAPORE – Yoma Strategic Holdings on Wednesday (Nov 29) announced the signing of an agreement with two global construction companies to build its integrated real estate development Yoma Central, and The Peninsula Yangon, the former headquarters of the Burma Railway Company which will be restored into a luxury hotel. Both projects sit on an about […]

‘Mini Grids’ Coming to Light Up Rural Myanmar

YANGON — With the nationwide power supply network far from reaching small localities across Myanmar, projects to set up “mini grids” for villages are gaining traction. The unplugged areas Many parts of Myanmar are still not connected to power grids. One example is a village located an hour and half by car from Mandalay — the […]

Yoma Strategic Posts 54% Jump in Q1 Profit

SINGAPORE – Yoma Strategic Holdings said on Wednesday (July 26) that net profit for the first quarter jumped 54 per cent to S$2.8 milion from S$1.8 million in the year-ago period. Revenue for the three months to end-June grew 46.8 per cent year-on-year to S$25.8 million as the Myanmar-focused group saw better operational performance across […]

Collier Property Report – Yangon Gated Residential July 2017

Author: Joshua DeLasAlas Households in search of more breathable space There remains a limited number of gated residential communities in Yangon, the majority of which are geared towards the high-end and luxury segments. While some local developers are starting to introduce mid-tier and affordable products, the quality and offerings are considered subpar. In view of […]

Kawthaung Airport to be Upgraded to Int’l Standard

Tanintharyi regional government plans to upgrade Kawthaung Airport to an international standard facility to attract more foreign flights to southern Myanmar. “We submitted a proposal for Kawthaung airport’s expansion to the union government earlier this year and are still awaiting a decision. If approved, the project will go on (under) the union government’s budget or […]

Tanintharyi Tourism Committee Seeks IFC Infrastructure Support

A tanintharyi development committee, operating under the tourism ministry and chaired by local tycoon Serge Pun, is seeking assistance from the International Finance Corporation (IFC) for the upgrade of infrastructure in Myeik archipelago to boost sustainable tourism, a committee member told The Myanmar Times. The Myeik archipelago is made up of a cluster of more than 800 largely […]

KFC Seeks Second Serving in Myanmar With Mandalay Expansion

YANGON — U.S. chicken chain KFC will bring its sizzle to a second city in Myanmar, adding Mandalay to its 12 locations here as fast-food culture spreads, especially among the nation’s young people. KFC, operated in Myanmar by the conglomerate Yoma Strategic Holdings, will launch the Mandalay outpost in June or July. That location is […]