[vc_row][vc_column][vc_column_text] [caption id="attachment_4642" align="aligncenter" width="840"] A submission for the government to acquire land for a new CNG fuelling station in Yangon will be submitted. Phoe Wa /The Myanmar Times[/caption] A submission for the government to acquire land for a new compressed natural gas (CNG) fuelling station in Yangon...
Read More[vc_row][vc_column][vc_column_text]Myanmar owes China more than US$1.6 billion which it borrowed on high interest to implement projects including an oil and gas pipeline, according to a Myanmar Alliance for Transparency and Accountability (MATA) statement released based on an Extractive Industries Transparency Initiative report. It has so far...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4630" align="aligncenter" width="840"] Nyan Zay Htet/The Myanmar Times[/caption] The Central Bank of Myanmar (CBM) is planning to take additional measures to further stabilise the foreign exchange market, vice governor U Soe Min said in Parliament on Monday. The new measures may include it intervening in the...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4628" align="aligncenter" width="840"] Visitors arrive at Yangon International Airport. Shin Moe Myint/The Myanmar Times[/caption] The government has approved the upgrade of a local airport in Thandwe, Rakhine State to international status, said U Kyaw Aye Thein, Rakhine State Planning and Finance Minister. The decision was made...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4625" align="aligncenter" width="840"] Construction work on railway line in Myanmar. Nyan Zay Htet/The Myanmar Times[/caption] Investor interest in building a railway project linking Mandalay to Muse, the largest trading post between Myanmar and China, is expected to wane due to security challenges along the border,...
Read More[vc_row][vc_column][vc_column_text]The government is expected to collect K3 trillion more from the electricity generation in fiscal 2019-2020 compared to the previous year now that power tariffs have been raised since July, Deputy Minister of Planning and Finance U Maung Maung Win said in the Pyidaungsu Hluttaw...
Read More[vc_row][vc_column][vc_column_text]An invitation to tender for the project to build the two-lane Dawei-Kanchanaburi road will be issued soon, says an official for the Dawei Special Economic Zone Management Committee. “As the road project is a major component of the special economic zone (SEZ), we hope to start...
Read More[vc_row][vc_column][vc_column_text]Malaysian property developer Berjaya Land will start building smart, affordable homes in Yangon in January next year, according to chief executive Datuk Pee Kang Seng. Valued at US$624 million, the project will be developed across 74 hectares of land in Yangon and take place in three...
Read More[vc_row][vc_column][vc_column_text]Investors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest...
Read More[vc_row][vc_column][vc_column_text]A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years. Union of Myanmar Federation of Chambers of...
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