Fishermen carry the fishing nets at the Maung Ma Kan village in Dawei city, Tanintharyi. Photo - EPA Businesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai..
Work on a new road project in Chin State funded by a World Bank loan will begin next October, a state official has announced. The new road will connect the townships of Kalay, Falam and Hakha. The starting point of the road will be in Kalay, which straddles the Chin State and Sagaing Region border. “The..
The necessary infrastructure is being set up to link Dawei Special Economic Zone (SEZ) to the national grid, which will enable the area to enjoy access to electricity within the next 2-3 years, said U Soe Myint, deputy permanent secretary for the Ministry of Electricity and Energy. Backed up loans from the Asia Development Bank..
Construction work on railway line in Myanmar. Nyan Zay Htet/The Myanmar Times 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, analysts and observers said. The risks of disruption may deter most..
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 work on its construction as soon as possible,”..
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 phases over six years, Mr Pee was quoted..
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 in agriculture-based businesses,” said Gilbert Lee, president of..
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 Commerce and Industry (UMFCCI) chair U Zaw Min..
Kawthoung. Photo - Ministry of Information An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA). The move will be carried out under a joint venture – Myanmar Green Century – with a local company,..
Yangon Region Chief Minister U Phyo Min Thein greets dignitaries at signing ceremony of Yangon Amata smart and Eco City. Aung Htay Hlaing/The Myanmar Times The government through the Ministry of Construction and Bangkok-based Amata Corp pcl signed a framework agreement on August 22 to jointly develop the Smart and Eco City located in..
