Myanmar News
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 […]
Continue Reading
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 […]
Continue Reading
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, […]
Continue ReadingTwo of Thailand’s leading small-sized power producers Sahacogen (Chonburi) Pcl and Saha Patthana Inter Holding Pcl, have entered into a joint venture to build biomass power plants in Cambodia and Myanmar with a total investment of about $20 million, according to a Singapore-based online business news agency. DealStreetAsia quoted Viroj Theeravatvatee, managing director of Sahacogen […]
Continue Reading
An influx of foreign engineers into Myanmar’s booming construction sector has prompted the authorities to crack down on unlicensed expats. Developers are required to register foreign workers with the local council, and suspensions await those that do not abide by the rules. Both local and foreign developers have had to register their expat employees […]
Continue Reading
Deputy Prime Minister Gen. Prawit Wongsuwon on Thursday announced Myanmar has expresses their readiness to cooperate with Thailand to construct a new bridge to connect the two countries in Chiang Rai province. The deputy PM said there was also more progress in terms of national security issues between the two countries as Myanmar agreed to […]
Continue ReadingMyanmar’s construction industry is forecast to record rapid growth in the next five years, at an annual average rate of 10.37%, finds a new report by Timetric’s Construction Intelligence Centre (CIC). In real terms, the industry’s value stood at US$8.2 billion in 2015, and is anticipated to value US$13.5 billion in 2020. According to the […]
Continue ReadingSunlabob Renewable Energy Ltd., the venture-backed company specialising in renewable energy and clean water solutions, recently completed the construction and commissioning of a 90 kWp roof-mounted solar photovoltaic (PV) system at the Australia and New Zealand Banking Group’s (ANZ) main office in Vientiane, Laos. The project is the first-ever commercial grid-connected solar system in Laos. […]
Continue Reading
As a city-wide suspension on high-rise projects continues, developers in Yangon say they will have to pay penalty fees to buyers for failing to complete their projects on time and may be forced to default on their bank loans. Last month Yangon Region government ordered a construction freeze on all projects with nine floors or […]
Continue ReadingTHAILAND could be strategically promoted by Japan-based Sumitomo Construction Machinery as the distribution and financial hub of Asean, especially CLMV (Cambodia, Laos, Myanmar and Vietnam), to cash in on the region’s high mid- and long-term potential, Kazuhiko Sasaki, the company’s president director for Southeast Asia said. Sumitomo Construction Machinery is one of the world’s leading […]
Continue Reading