Category: Myanmar

“Very large contraction” predicted for Myanmar as investors flee turmoil As the post-coup situation in Myanmar worsens investors have suspended or cancelled major infrastructure projects, causing a “very large contraction” in the country’s construction market with the prospect of growth pushed back to the second half of the decade, according to Fitch Solutions Country Risk […]

World ranking published of best – and worst – countries to be a construction worker The most dangerous places to be a construction worker are Myanmar and Uganda Clothing maker Workwear Guru has compiled a ranking of the best and worst countries in the world to be a construction worker, based on wages, cost of […]

Agreement Moves Myanmar’s Kyaukphyu Port Project a Step Forward An agreement to conduct preliminary field investigation work for the Kyaukphyu Special Economic Zone (SEZ) Deep Sea Port Project has been signed, signaling another step forward for the project, which forms part of China’s Belt and Road Initiative (BRI) plans in Myanmar. The project’s main developer, […]

China Opens Rail Line and Trade Route to Indian Ocean Through Myanmar China last month inaugurated a new trade route via ship, road and rail running through Myanmar in keeping with Beijing’s dogged building spree across the Southeast Asian country to reach the Indian Ocean and points west. Analysts say it is one more strand […]

Myanmar unveils new Nationally Determined Contribution The country’s share of solar and wind energy will remain consistent. Myanmar is setting a conditional target, with international support, of avoiding 144 MtCO2eq of greenhouse gas (GHG) emissions by 2030 against that which was predicted under the Business as Usual (BAU) scenario of 297 MtCO2eq. Enerdata reported that […]

Myanmar Invites Bids for New Solar Power Projects Myanmar is seeking tenders to implement 12 solar power projects to raise foreign currency, with some 40 firms including Thai and Chinese companies planning to make bids. Bids for the 12 solar power projects were invited on May 24 and tenders are to be submitted by August […]

Thailand’s PTT Group fast-tracks power plans – targets 16GW by 2030 PTTEP is overseeing a gas-to-power plant development project in Myanmar PTT Group is putting its power business on the fast track, with generation capacity expected to increase by at least 1 gigawatt each year in a bid to achieve a target of 16GW by […]

Aeon Mall postpones Yangon shopping mall construction after February coup Aeon Mall Co, a developer of shopping malls under major Japanese retailer Aeon Co, has postponed construction of a mall being planned in Myanmar’s largest city Yangon, according to a source familiar with the project. The shopping mall developer had eyed this summer to start […]

Myanmar’s junta approves construction of 78 billion baht liquefied natural gas (LNG) power plant Myanmar’s military rulers have approved new investment in projects worth about 87 billion baht, including a liquefied natural gas (LNG) power plant that will cost about 78 billion baht, the country’s investment body said. Approvals for 15 projects were given on […]

Myanmar coup threatens Chinese power projects Hong Kong-listed VPower under fire for business with military companies Chinese energy companies contracted to build power plants in Myanmar have had their projects put on hold, and some are considering exiting the market, in a sign of how the military coup in the Southeast Asian country may be […]