Category: Myanmar

More power to be produced for coming summer in Myanmar A press conference held by Ministry of Electric Power on January 11 in Nay Pyi Taw Summertime nationwide demand for electricity is expected to be met in 2018 thanks to unusually high rainfall and newly-built gas turbines, said Than Naing Oo, deputy managing director from […]

Yangon to build $400 million elevated expressway The Ministry of Construction and International Finance Corporation (IFC) on January 11 signed an advisory services agreement to build an elevated expressway connecting Yangon port, Thilawa SEZ, Yangon International Airport, Yangon Industrial Zone and Yangon-Mandalay expressway. The 20.5-kilometre elevated expressway will cost US$400 million (535.86 billion kyat), with […]

Yoma awards building contracts worth over US$400m for new Yangon developments SINGAPORE – Yoma Strategic Holdings on Wednesday (Nov 29) announced the signing of an agreement with two global construction companies to build its integrated real estate development Yoma Central, and The Peninsula Yangon, the former headquarters of the Burma Railway Company which will be […]

POSCO Daewoo Gets Hotel Biz Rolling in Yangon The five-star hotel is comprised of two buildings, 15-story hotel with 343 guest rooms and 29-story serviced apartment bloc with 315 units A view of the Hotel Lotte Yangon Complex in Yangon, Myanmar, which was built by POSCO Daewoo Corp. and to be managed by Lotte Hotel […]

New Condominium Rules allow more flexibility for foreigners in Myanmar Foreigners receive more attractive investment options under the new Condominium Rules. Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of […]

Preparations underway in Myanmar to ensure consistent power supply this summer At least two power plants and a new generator will be readied to supply electricity in the coming summer. More electricity will be generated by new power plants while other plans are underway to reduce power blackouts in Yangon and Mandalay during the coming […]

Kajima takes on $400m urban development project in Myanmar Japanese contractor will construct hotels, office building and library General contractor Kajima will sign up for a 45 billion yen ($398 million) urban development project in Yangon, building offices, hotels and other facilities in bringing its city planning expertise to Myanmar. A contract with the Ministry […]