Myanmar News
Thailand, Myanmar to open Friendship Bridge 2 in May 2018 The Thailand-Myanmar Friendship Bridge 2 is expected to open in May to facilitate cross-border transport of goods over the Thaungyin River in Myawady, Kayin State, Deputy Minister for Construction U Kyaw Lin said. U Kyaw Lin told the Pyidaungsu Hluttaw (parliament) on Monday that Thailand […]
Continue Reading
Environmentalists Take on China’s Infrastructure Projects in Southeast Asia Rural communities in Thailand have been challenging Chinese companies with street protests, court petitions, and occasionally sorcery, to block environmentally-damaging projects in their back yards — and their call to action is being taken up across mainland Southeast Asia. Grassroots activists in the northern province of […]
Continue Reading
Sales at Peninsula Residences Yangon to commence this month Singapore-listed Yoma Strategic Holdings together with its partners, Yangon-listed First Myanmar Investment Company Limited (FMI) and the Hongkong and Shanghai Hotels (HSH) will start selling housing units from the Peninsula Residences Yangon this month. The Peninsula Residences Yangon is being developed on a 10-acre site in […]
Continue Reading
Super business challenges in Myanmar YANGON, 27 March 2018: Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday. Myanmar’s economy remains dominated by military firms and an elite of […]
Continue Reading
Asian countries with highest and lowest unemployment rates March 23, 2018 Mongolia, Pakistan, Indonesia and Philippines have the highest employment rates in Asia. By contrast, Cambodia, Thailand and Laos post the lowest unemployment rates. Mongolia has the highest employment rate in Asia with 7.3 per cent. The country has seen a poor labour market with […]
Continue ReadingJapan eyes Hantharwaddy airport construction project The government is in negotiations with Japan for financing the construction of Hanthawaddy International Airport in Bago Region, after the original negotiations with a Singapore-led consortium fell apart in January, Transport Minister U Thant Sin Maung said on Tuesday. “This project is not halted,” he said, noting that Japan […]
Continue Reading
Thaketa gas plant commences supplying power in Yangon More than 40,000 households will now receive electricity following the scheduled completion and opening of a combined-cycle gas power plant in Thaketa township, Yangon Region, over the weekend. The Power Purchase Agreement (PPA) was signed in January 2016. The 106 megawatt plant was built and will be […]
Continue Reading
Vietnam’s Eurowindow plans to invest up to $120m in Myanmar factories Eurowindow, Vietnam’s leading supplier of doors and facades, plans to invest up to $120 million in setting up two factories in Myanmar to supplement both local and regional demand. Speaking on the sidelines of the opening ceremony of its Myanmar representative office, Eurowindow general […]
Continue Reading
The Myanmar government will consider using liquefied natural gas (LNG) to generate power and meet the current shortage of electricity in Myanmar, U Win Khine, minister at the Ministry of Electricity and Energy (MOEE), said during a meeting to raise electricity distribution on Saturday. As it will be the first time Myanmar is using LNG […]
Continue ReadingMyanmar plans to add 3 GW of new gas-fired capacity by 2021 The Myanmar government plans to double the country’s power capacity and has signed preliminary engineering works agreements with six companies including Total, Sinohydro and Siemens to develop four new gas-fired power plant projects with a combined total capacity of 3,100 MW. Three projects […]
Continue Reading