Celebrating 40 years of EU-ASEAN relations Development of international trade in goods in Euros between 2005 and 2015. Photo - Eurostat and ASEANstats The 28 member states of the European Union (EU28) recorded a trade deficit for goods with Association of Southeast Asian Nations (ASEAN), narrowing from...
Read MoreThe government’s national policy on housing will take into account the country’s urbanisation and urban migration. Workers cut rebar on the Mahabandoola low-cost housing project. Aung Htay Hlaing/The Myanmar Times Myanmar's commercial capital will need 1.07 million housing units by 2040 and the entire country will require...
Read MoreYangon will deploy a new K30 billion (US$22 million) 25-megawatt mobile generator to meet the city’s electricity demand during peak periods and emergencies. GE officials demonstrate the TM2500 to U Phyo Min Thein, Chief Minister of Yangon Region. Photo - Supplied The TM2500 generator (pictured below) by...
Read MoreGas has been discovered at a deep water exploration well in Block A-6 of the Southern Rakhine Basin in the Bay of Bengal, according to government officials and statements made by operators of the block. Gas was tested to be flowing at 50 million cubic...
Read MoreThree factories under the Ministry of Industry (MOI) in the Yangon Region will cooperate with local and international private investors after inviting Expressions of Interest (EOI), Assistant Secretary U Aung Soe Ya of the MOI told The Myanmar Times. A cement factory in Myanmar. Approval for three...
Read MoreThe country’s involvement in the two economic corridors reflects its unique geopolitical role in bridging China and South Asia as well as fostering integration of the ASEAN bloc. The Bangladesh-China-India-Myanmar (BCIM) economic corridor, with multi-modal connection via combination of sea and land transport. Photo - Supplied/ PwC...
Read MoreThe Japan-based Hotel Okura will open its first hotel in Myanmar with the help of Japan’s government-private fund in 2020, according to the company’s press release dated July 28. Novotel Yangon Max, one of the hotels opened by AccorHotels in Myanmar. Thiri Lu/ The Myanmar Times Construction...
Read MoreConstruction of the ASEAN-South Korea Forest Cooperation Regional Education and Training Centre will be completed in December 2017 and will open in 2018, said U Tint Swe, director of the Training Research and Development Department. “South Korea can transfer it to Myanmar officially in January. We...
Read MoreSince debuting in Myanmar last year, demand for Japan’s ENEOS brand of motor is on the rise as the automotive market expands. U Thein Tun (second from right) says demand for MGS Lubricant’s ENEOS motor oil is rising. The Myanmar Times ENEOS, which dominates at least half...
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