Category: Myanmar

Myanmar Receives 16 Proposals from nine countries for New Yangon City Project Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). On Saturday, the […]

Myanmar Government Invites Submissions of Competing Proposals for China-Initiated New Yangon City Project The Myanmar government has invited investors to submit competing proposals against a Chinese company’s proposal to develop an industrial park and related infrastructure for the New Yangon City project, in a move that brings the backbone project under China’s ambitious Belt and […]

Construction work to resume in Yangon with new rules work that meets regulations can resume with the region’s permission starting October 12 Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects […]

Critical Construction Work to Be Exempted From Mynmar’s COVID-19 Lockdown across Yangon Region YANGON—Construction work deemed to be critical at building sites across Yangon Region will be allowed to continue during the COVID-19 lockdown, according to the regional Construction Works Supervisory Committee. Such work is estimated to account for about 10 percent of building activity […]

Asian Development Bank’s $180 Million USD funding to support construction of New Water Transmission Network in Yangon City, Myanmar The Asian Development Bank (ADB) will provide $180 Million USD in funding to support construction of a new water transmission network for the city of Yangon, Myanmar. The 34-kilometer system will include a new intake structure […]

Myanmar developing 4,000 MW of LNG-to-power projects Myanmar is developing 4,000 MW of LNG-to-power projects as natural gas imports rise in response to reduced hydroelectric supply and declining domestic gas production, the country’s energy minister said in the run-up to the Japan Producer-Consumer Conference 2020. The Southeast Asian country began its first LNG imports in […]

The Impact of Covid-19 on Myanmar’s Real Estate Market The 1st Wave – Covid-19 enters Myanmar Since the first cases of Covid-19 was announced on 23rd March, the local economy, including the real estate industry, went into a rapid downward trend, especially due to the closure of borders, airports, public transport and blocked imports of […]

Yangon’s Dala bridge construction suspended over COVID-19 cases Construction works on the Dala bridge will be suspended after four Myanmar engineers from the construction team tested positive for COVID-19, U Tun Yin, regional Hluttaw MP from Dala, said. “It is impossible to continue the construction work. If we do not suspend work now, the virus […]

Plans for wind power from Chinese firm fall apart in Myanmar Myanmar’s first wind power project in the doldrums after the government changes direction on how it backs projects Residents of Chaung Tha, a holiday resort and village on the Bay of Bengal, still rely on diesel generators to get them through electricity blackouts more […]

Two Chinese firms conduct feasibility studies for construction of Myanmar’s Dawei SEZ oil refinery Two Chinese firms will commence feasibility studies for the construction of an oil refinery in Dawei Special Economic Zone (SEZ) in Tanintharyi Region soon. Yunnan Indo-Pacific Group and CNPC East China Design Institute will conduct the feasibility studies in cooperation with […]