Myanmar News
More mixed-use projects springing up in Yangon 12 October 2018 Over the last few years, more and more building projects featuring a combination of residential units, hotels, shopping centres and office spaces have been coming up around the city. The projects, called mixed-use developments, will add to the vibrancy of the city although there are […]
Continue ReadingSembcorp starts commercial operation of 225-MW Myanmar power plant 10 October 2018 SEMBCORP Industries on Wednesday announced that its 225-megawatt gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar, has successfully commenced full commercial operation following its first phase operation in May this year. The approximately US$300 million power plant uses advanced combined-cycle gas […]
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Yangon’s Iconic Shwedagon Pagoda gets facelift 2 October 2018 Shwedagon Pagoda has endured the vagaries of nature and people, towering stoically over Yangon with its quiet, majestic charm despite earthquakes, cyclones, invasions, wars, foreign occupations and internal strife that struck the country since it was built hundreds of years ago. Located on Singuttara Hill, which […]
Continue ReadingKorea’s Kumho E&G to build energy self-sufficient town in Laos 18 September 2018 Kumho E&G Co., a South Korean energy management solution provider, will lead a development aid project to create an energy self-sufficient town in Laos as it tries to recover from a dam disaster that has devastated the country. The Korean company said […]
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130 MW solar project announced in Myanmar 29 August 2018 Thailand-based Modern Energy Management (MEM) says it has teamed up with an undisclosed investor to develop a 130 MWp solar PV project in Myanmar. It is expected to come online in Q4 2019. Overall, the country is said to have a large-scale solar pipeline totaling […]
Continue ReadingBridge built with Japanese aid opens in Yangon, easing traffic jams 30 August 2018 Japan-funded Dawbon Bridge is now open in central Yangon, easing traffic congestion in Myanmar’s commercial capital. The new bridge officially opened last Saturday over a branch of the Bago River in commemoration of Japan-Myanmar Friendship Day. Tokyo and Japanese contractors contributed […]
Continue ReadingNovotel hotel project permitted to resume in Bagan 10 Sep 2018 The Ministry of Religious Affair and Culture has withdrawn charges filed against Myat Min Company, which is building a 348-room Novotel hotel at the Bagan Cultural Zone, U Ko Ko Naing, deputy director general of the ministry, told The Myanmar Times last week. The […]
Continue ReadingMitsubishi Corporation to Establish Joint Venture for Urban Development Projects in Asia Mitsubishi Corporation (MC) is pleased to announce that it has reached an agreement with Surbana Jurong (SJ) to establish a new joint venture. SJ is a wholly owned subsidiary of Temasek Holdings, a Singapore government affiliated investment company. The new joint venture will […]
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BIG budgets B4bn for capacity expansion – Gas maker taps allies for new-high spending 10 Sep 2018 Bangkok Industrial Gas Co (BIG), Thailand’s largest industrial gas producer, has set aside almost 4 billion baht for a capacity expansion in the domestic market and a new gas separation plant in Myanmar. BIG created a financial venture […]
Continue ReadingDusit enters Luxury Villa Rental Market with Acquisition of Elite Havens 10 September 2018 The acquisition was announced on Fri 7 Sept at the Dusit Thani, Bangkok. Dusit Thani PCL (TSX:DTC), one of Thailand’s foremost hotel and property development companies, has expanded into the high-end vacation rental market through the full acquisition of Elite Havens, […]
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