Category: Myanmar

Peninsula Hotels Writes Off ‘Hopeless’ Yangon Project The luxury Peninsula Hotels chain has abandoned a stalled US$130 million project in the heart of Yangon, saying it has no future in junta-ruled Myanmar. The project was to have been a joint venture with detained Myanmar tycoon Serge Pun’s Yoma Group, which held a 30 percent stake. […]

Myanmar implements 11 solar power plant projects, major to improve frequent blackouts in country A total of 11 solar power plant projects are currently under construction and development in Myanmar, with a total capacity of 1,026 megawatts, state-run daily The Global New Light of Myanmar reported on Sunday. Among the projects, four projects are in […]

Cement Shortages Stifle Myanmar Construction Cement shortages and rising prices are hampering Myanmar’s construction and real estate sectors. The price of a 50kg sack of cement has risen from around 5,000 kyats before the 2021 coup to around 31,000 kyats. Ma Ohn Mar, 40, an apartment contractor who runs a Yangon construction company, said the […]

Russia eyes long-stalled Dawei megaproject in Myanmar China and India also see more opportunities in war-torn country Russia has joined China and India in promoting its interests in war-ravaged Myanmar, in particular the possibility of investing in the moribund Dawei Special Economic Zone (SEZ) in which Thailand used to be a major player, according to […]

Myanmar Regime Set to Resume New Yangon City and Other Chinese Projects Myanmar’s regime is allegedly looking to resume Chinese-backed projects, including a city twice the size of Singapore, following junta boss Min Aung Hlaing’s visit to China last month. During Min Aung Hlaing’s visit to Kunming in early November, Beijing proposed starting work on […]

Chindwin Bridge 70% complete, boosts regional development This image depicts officials inspecting the construction site of the Chindwin Bridge (Htamathi). According to the Department of Bridges with the Ministry of Construction, the construction of the Chindwin Bridge (Htamathi), linking Homalin Township in Sagaing Region and Leshe in the Naga Self-Administered Zone, is 70 per cent […]

Conflict in Myanmar sparks surge in Thai property purchases Rise in Myanmar buyers comes as Thai property sales to Chinese and Russian investors drop Buyers from Myanmar have been snapping up condominiums in Bangkok and other parts of Thailand, providing a bright spark for the kingdom’s sluggish real-estate market, as they look to move money […]

Myanmar And Thailand Collaborate On Energy Projects To Enhance Regional Power Infrastructure A significant Memorandum of Understanding (MOU) signing ceremony took place at Inya Lake Hotel, Yangon, marking a collaboration between Myanmar and Thailand’s energy engineering sectors. The MOU was signed between Myanmar’s CAG Engineering Co Ltd., an independent power producer (IPP) and a part […]

Bago River Crossing Bridge opens in Myanmar, connecting Thaketa and Thanlyin The opening ceremony of Bago River Crossing Bridge (No. 3 Thanlyin Bridge) connecting Thaketa Township and Thanlyin Town of Yangon Region was held on the morning of June 8. The ceremony was attended by the Chairman of the State Administration Council (SAC), the Prime […]

Italian-Thai Development (ITD) welcomes possible Russia’s involvement in Myanmar’s Dawei project SET-listed Italian-Thai Development (ITD) welcomes possible Russia’s involvement in Myanmar’s Dawei project, potentially recovering the 10 billion baht they invested. In late 2020, Myanmar terminated seven concession agreements at the Dawei Special Economic Zone (DSEZ), affecting five project companies, including Dawei Development Corporation (DDC), […]