[caption id="attachment_4849" align="aligncenter" width="841"] A ship calls at the port terminal in Pansodan, Yangon. Photo: Mar Naw/ The Myanmar Times[/caption] Myanmar has moved to protect local producers from overseas competition as growth projections for the country's economy are slashed due to COVID-19. The president Office released notification...
Read More[caption id="attachment_4846" align="aligncenter" width="852"] Construction site of the Dala Bridge at Phone Gyi road, downtown Yangon. Photo: Nyan Zay Htet[/caption] Investor interest in farmland around Dala township, Yangon, is rising on the back of speculation that the government will redevelop the land as part of plan...
Read More[caption id="attachment_4843" align="aligncenter" width="894"] A worker enters VPower's 350MW LNG to power plant in Thanlyin township, Yangon Region. Photo: Mar Naw/The Myanmar Times[/caption] The Myanmar government has signed two power purchase agreements (PPA) to buy electricity from two liquefied natural gas (LNG) plants totaling 580 megawatts. The...
Read More[caption id="attachment_4820" align="aligncenter" width="840"] Workers work on a bridge that connects Yangon and Dala townships at Latha township, on January 14, 2019. Photo: Ko Ko Htay/The Myanmar Times[/caption] As investment interest in the Dala New City Project has intensified, so too the price of farmland in...
Read More[caption id="attachment_4796" align="aligncenter" width="683"] An electricity pylon stands on the hill near Thanlwin (Salween/ Namhkong) river in Shan State. Photo: Lynn Bo Bo/EPA[/caption] The World Bank’s Board of Executive Directors has approved a $350 million credit from the International Development Association (IDA) to increase the output...
Read More[caption id="attachment_4793" align="aligncenter" width="840"] Photo: Zarni Phyo/The Myanmar Times[/caption] The government will deploy its seventh tranche of COVID-19 loans, this time to about 300 business affected by the pandemic, in the first week of July. Construction businesses are likely to be considered for next loan tranche from...
Read MoreThe country’s construction industry is ready to provide jobs for returning migrant workers who have the required experience, an official of a local contractors’ association said. U Shein Win, chair of the Myanmar Construction Entrepreneurs Federation, said members of the group have job vacancies at construction...
Read MoreThe Ministry of Electricity and Energy (MOEE) is making plans to build new oil refineries in Myanmar to meet domestic oil demand and boost energy security in the country, said U Tin Maung Oo, Permanent Secretary of the MOEE. The new refinery projects will be implemented...
Read MoreThe Dala Bridge project will continue despite the spread of COVID-19, according to the Bridge and Road Department under the Ministry of Construction. “Construction of Dala Bridge project will not stop. We didn’t stop during Thingyan too,” said chief engineer U Kyaw Kaung Cho. The bridge is...
Read MoreOne of Myanmar’s five emergency power plants will carry out test runs this month after missing an initial deadline to go live on March 31. The Ministry of Electricity and Energy said in an April 13 statement that the 150 megawatt gas plant in Ahlone township will...
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