The Myanmar Investment Commission (MIC) on July 31 approved the US$230.6 million Hlegu Industrial Park, which will be developed by Singapore's Sembcorp Industries. The project, set to cover some 1487 acres in Hlegu township, Yangon, was signed between Sembcorp CSSD Myanmar Co and local partners City...
Read More[caption id="attachment_4918" align="aligncenter" width="841"] A file photo shows a clock tower in front of the Mon State parliament in Mawlamyine, Mon State, Photo: EPA-EFE[/caption] A new Special Economic Zone (SEZ) will be implemented in Mon State, Connecting Myanmar with the Mekong Subregion East-West Economic Corridor, Government...
Read MoreMyanmar and Japan have signed an agreement to build a 1250-megawatt liquefied natural gas power plant worth up to US$2 billion in Yangon's Thilawa Special Economic Zone. The Ministry of Electricity and Energy on July 24 granted a Notice to Proceed to Marubeni, Sumitomo Corp and...
Read More[caption id="attachment_4874" align="aligncenter" width="840"] U Than Myint (centre) talks to the media after attending a union parliament session in Nay Pyi Taw, Myanmar, 22 March 2016. He is now the commerce minister and also chairs the Competition Commission. Photo: EPA-EFE[/caption] Myanmar's competition watchdog says it does...
Read More[caption id="attachment_4868" align="aligncenter" width="841"] Photo: EPA-EFE[/caption] A total of 450,000 people in rural Myanmar...
Read More[caption id="attachment_4862" align="aligncenter" width="842"] Photo: Zarni Phyo/The Myanmar Times[/caption] Construction business are calling for an easing of regulations and tax reductions over financial assistance to help them keep afloat in the wake of COVID-19. During a recent meeting between the construction sector and State Counsellor Daw Aung...
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...
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