Myanmar News
Accor expands Myanmar portfolio AccorHotels and LP Holding have signed a joint agreement to develop three new hotels in Myanmar; one in Yangon and two in Mandalay, the country’s second largest city. The partnership will see the opening of Mercure Mandalay Hill Resort and Pullman Yangon Centrepoint this year and Mandalay Hill Resort MGallery by […]
Continue ReadingConstruction of new airport underway in Myanmar western state Construction of a new airport is underway in Mrauk U, Myanmar’s ancient city in western Rakhine state, as part of the government’s efforts to develop tourism industry in the region, official media reported Friday. The construction of the new Mrauk U airport, which started on the […]
Continue Reading
‘Death Railway’ to get a new lease on life The historic Burma Railway, better known as the Death Railway, is in dire need of a facelift. The Yangon-Mandalay rail tracks will be jointly repaired by Myanmar Railways and JICA. The Yangon-Mandalay rail tracks will be jointly repaired by Myanmar Railways and JICA. The infamous railway, […]
Continue ReadingQTC to build solar farm in Myanmar QTC Energy Plc, a leading MAI-listed transformer producer, plans to develop a solar farm in Myanmar by acquiring Green Earth Power Thailand Co. The first phase of the planned 220-megawatt solar farm is expected to start commercial operations by the first quarter next year. QTC’s chief executive, Poonphiphat […]
Continue ReadingMyanmar Govt to build 1m apartments in 330 towns by 2030 Myanmar is planning to finish the construction of over 1 million apartments in 330 towns across the country by 2030 under its urban development programme, according to the Ministry of Construction. The Department of Urban and Housing Development under the ministry is providing proper […]
Continue ReadingMove to extend lease period in Thailand expected to stir interest of foreigners The move to revise the leasehold act and extend the lease period from 30 years to 50 years will be good for developers who offer residential homes to foreigners, both in Bangkok and at tourist destinations, property experts said. “This act will […]
Continue ReadingNew Thai-Myanmar friendship bridge ‘ready in two years’ The construction of the second Thai-Myanmar Friendship Bridge is expected to be completed in two years, Transport Minister Arkhom Termpittayapaisith said. The bridge, which will link Mae Sot district in Tak province with the town of Myawaddy in Myanmar, will help boost the economies and tourism industries […]
Continue Reading
B.Grimm Power allots B1.8bn for Laos – 8 hydropower plants planned in country Champasak, Laos: B.Grimm Power Co, a unit of B.Grimm Group, plans to invest 17 billion baht in 2017-18, including for the development of hydropower in neighbouring Laos. Of the total, around 1.8 billion baht is for the development of eight hydropower plants […]
Continue Reading
Lighthouse Club – Yangon Branch – 29 March 2017 – The Tea Factory, No.2 Kanyeiktha Street, Kabaaye Phayar Road – 7 pm Dear Members, Please note that we have a change of venue for this month’s Lighthouse Club – Yangon branch networking event. This month it will be held at “The Tea Factory” at No.2, […]
Continue Reading
B Grimm Power signs MoU for power line in Cambodia B GRIMM Power recently signed a memorandum of understanding with Poipet PP SEZ Co, one of the largest industrial-estate operators in Cambodia, to develop a power-transmission line at its industrial park in the western city of Poipet. This will be the company’s starting point in […]
Continue Reading