Myanmar News
SAMUT PRAKAN, Thailand – Hundreds of construction workers return home each day to a makeshift village of shipping containers, erected as a temporary settlement for the migrants on the outskirts of Bangkok. Each of the 12 blocks, which resemble giant yellow Lego bricks, is made up of two towers of 9 containers and has 72 […]
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Thailand will need to add migrant workers, draw more women into its workforce and delay the retirement age to battle an expected drop of 11 percent in its working-age population by 2040, a World Bank economist says. The fall is expected to be the fastest experienced by any developing country in Southeast Asia, said Philip […]
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Marking its official launch in the country, edotco Group, a telecom infrastructure service company, has laid out a $200-million investment roadmap for its operations in Myanmar. The investment, to spread over five years, will include building and owning up to 5,000 towers in the country in partnership with Singapore listed Yoma Strategic. edotco is the […]
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Hong Kong-based company Kerry Logistics has won a concession to operate two inland ports in Myanmar, part of the government’s plan to construct a network of dry ports across the country under a United Nations initiative. Myanmar’s sea ports are receiving an administrative overhaul with the help of Japan’s Hitachi.StaffMyanmar’s sea ports are receiving an […]
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Leading Asian online real estate company DDProperty has bought the Ensign Media group business in Thailand, including the Property Report magazine and website and the Asia Property Awards. DDProperty, which is part of the PropertyGuru group, says the deal offers Thailand’s real estate developers and partners the opportunity for industry recognition across Asia. The purchase […]
Continue ReadingToyo Construction and JFE Engineering have received an order from the Myanmar government to build port facilities in a special economic zone near Yangon. The order, valued at about 14 billion yen ($117 million), was awarded to the Japanese companies via competitive bidding. The project will be funded by Japan’s official development assistance program. The […]
Continue ReadingThe Ministry of Transport has set plans to continuously construct transportation routes in 2016. The construction of the Bang Yai – Kanchanaburi motorway is expected to begin in June this year. Transport Minister Arkhom Termpittayapaisith said that in 2015 the ministry improved many land, water and air transportation routes as planned in an effort to […]
Continue ReadingTHE GOVERNMENT’S policy to fast-track transport mega-projects worth Bt1.79 trillion might not stimulate the economy as much as hoped. Also, the rail projects by giant economies – China and Japan – were put in the plan as first priority to be carried out even though many market watchers harbour doubts that the projects would start […]
Continue ReadingAn international consortium headed by one of China’s biggest conglomerates has been awarded the project to develop the Kyaukphyu Special Economic Zone in Rakhine State, reports said last week. The decision to award the bid to build and operate an industrial park and a deep-sea port at the SEZ was announced on December 31 by […]
Continue ReadingDESPITE world oil prices tumbling to 11-years lows, Thai electricity rates are returning to an uptrend, said Viraphol Jirapraditkul, a member of the Energy Regulatory Commission (ERC). After announcing last month a cut of 1.57 satang per kilowatt-hour on electricity tariffs nationwide from January to April, he said the next four-month period would probably see […]
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