Myanmar News
Faults lurking under Myanmar, as well as Bangladesh and India, could produce a magnitude-9.0 earthquake, according to a new study by Columbia University geologists. The research, headed by Michael S Steckler of Columbia University’s Lamont-Doherty Earth Observatory, was published in the academic journal Nature Geosciences on July 11. An Indian plate is stuck – according […]
Continue ReadingSIAMGAS and Petrochemicals (SGP), a supplier of liquefied petroleum gas, will take over a 230-megawatt power plant in Myanmar for US$48 million (Bt1.69 billion) in cash as part of its drive into other energy businesses. The combined-cycle power plant in Myanmar should give SGP higher income and return on investment, which should add value to […]
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Two months into a city-wide suspension on high-rise construction, some Yangon developers faced with frozen projects are telling their workers to seek employment elsewhere. Yangon authorities halted hundreds of high-rise projects in May, over 60 of which had received a construction permit from the previous Yangon Region government. The subsequent review to make sure the […]
Continue ReadingThailand may buy 9,000 megawatts of electricity from Laos this year to ensure sufficient supply to meet rising demand, says a senior official at the Energy Ministry. That is nearly 30% higher than the 7,000MW Thailand currently buys annually from Laos, according to the most recent memorandum of understanding (MoU) the two countries signed in […]
Continue ReadingIn the near future, if you wish to visit Bangkok, one of the options on the table is likely to be taking a bus ride, as talks are in an advanced stage to implement a project promoted by the Asian Development Bank (ADB) to start a regular bus service between India and Thailand via Myanmar. […]
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PROPERTY developers have said they are considering legal action after being told by a municipal committee to reduce the height of their under-construction buildings. The committee, which was set up recently by Yangon City Development Committee, is reviewing nearly 200 high-rise projects in the city after chief minister U Phyo Min Thein ordered a halt […]
Continue ReadingYoma Strategic has completed another step on the long road toward starting work on a 10-acre mixed-use luxury development in downtown Yangon. The Singapore-listed firm, which has major interests in Myanmar real estate, announced yesterday in a filing to the bourse that it had signed a shareholders’ agreement with several parties involved in the long-delayed […]
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Japanese trading house Mitsubishi Corp said Tuesday that it has agreed with Mitsubishi Estate Co to commence work on a mixed-use landmark development project in downtown Yangon, Myanmar, in collaboration with Singapore-listed Yoma Strategic Holdings Ltd and local firm First Myanmar Investment Co. The project, which will cover 200,000 square metres of residential, commercial, retail […]
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The Ministry of Commerce has further relaxed trade restrictions on foreign companies, opening onshore trade in construction materials to local-foreign joint ventures, according to a July 7 announcement. International firms were barred until last year from Myanmar’s import-export industry, which was tightly controlled until 2011 by companies with ties to the former military regime. Last […]
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Date: Wednesday 27th July, 2016 Time: 7pm to 9pm Venue: The Brunch Society, Sule Plaza Sponsor: D&W (Myanmar) Entry: $10 (4 x beer) and $16 (4 x wine) and light snacks will be served D&W (Myanmar) is one of the leading fenestration contractors in Myanmar. We distribute Fletcher and YKK AP door and window systems, […]
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