Myanmar News
NAWARAT Patanakarn, one of Thailand’s top five construction companies, has set a budget of more than Bt500 million to invest in Asean, mostly in pre-cast concrete production and infrastructure projects in Myanmar this year. “The company reached an agreement to form a joint venture with a local partner in Myanmar, and expects the factory to […]
Continue ReadingGE’s Power Services business today announced it has signed a multiyear parts and repair agreement for more than $60 million with the Electricity Generating Authority of Thailand (EGAT) Electricity Generating Authority of Thailand (EGAT) Signs Six-Year Pact with GE’s Power Services Business, Covering Fleet of Gas Turbines at Two Power Plants in Bangkok; Agreement Builds […]
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The end of the hottest season that Thailand has seen for 60 years has brought into focus many questions about the sustainability of our power sources. What if the country can’t provide enough power for its citizens? What if we run out of gas for our cars? What if the electricity goes out during “Game […]
Continue ReadingThe dream of a seamless travel in Southeast Asian countries will soon be reality with India all set to sign a strategic trilateral highway agreement connecting India-Myanmar-Thailand via road which is expected to give a big boost to trade and economy in ASEAN countries. According to the Ministry of Road, Transport and Highways (MoRTH), the […]
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Keppel Land is strengthening its hotel and commercial portfolio in Yangon, Myanmar’s rapidly developing leading city. The Singapore-listed property firm yesterday held a topping-off ceremony for its joint venture project, Junction City Tower, which is being developed jointly with Myanmar-based construction company Shwe Taung Group. Keppel Land holds 40 per cent of the project with […]
Continue ReadingYangon-based Won Toll signed an agreement for a 300-megawatt solar power project with Kamrai Panit from Thailand on May 18, said officials. The US$1 billion agreement will fund the solar power plant in Ayeyarwady Region to generate electricity to transmit to industries, said U Kunn Zaw Tun, chair of Won Toll. The figure is unusually […]
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We are extremely proud and excited to announce that CEA Project Logistics and Fagioli Italy are aligning focus, resources and efforts to expand our combined market presence and reach in South East Asia. A consortium agreement has been agreed by our two companies that will see CEA Project Logistics & Fagioli provide a multitude of […]
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MPs have been told that a US$200 million loan from the World Bank (WB) is available to fund efforts to recover from natural disasters. The Construction Ministry asked Parliament to take out a US$105 million loan to re-build roads. The ministries of planning and finance and the agriculture wanted to take out a US$70 million […]
Continue ReadingAsia’s recently democratized nation, Myanmar (formerly Burma), is expanding its aviation capability with a new airline and the construction of an international airport. The new carrier, to be named Asian Blue Aviation, is joint venture (JV) between Japan’s full-service carrier All Nippon Airways (ANA) and Myanmar-based banking, infrastructure and telecoms company Golden Sky World, a […]
Continue ReadingAccording to Ko Ko Htwe, the chairman of Taw Win Construction, most foreigners living in Myanmar cannot afford condominiums, despite the recent law enabling expats to purchase condo properties. Instead, most expatriates choose to stay in normal apartments and, according to Ko Ko Htwe, the market for condo sales is still cold. The Condominium Law, […]
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