Railroads dominate Myanmar Project Bank

This week the Myanmar Times reported that the Myanmar Project Bank, a new collection of ongoing projects under the Myanmar Sustainable Development Plan (MSDP), has added a total of USD 7.9 billion worth of projects in 2020. Railway infrastructure acc

Myanmar Airways International weighs Sri Lanka route

Amid a major industry downturn, Myanmar Airways International (MAI) is looking to expand, including adding direct flights to Sri Lanka. MAI executives met with Ambassador-designate of Sri Lanka to Myanmar Dr. Nalin de Silva to discuss the potential f

Japan’s Aeon to build Myanmar’s biggest mall

Japanese retail giant Aeon will invest USD 180 million in what will be Myanmar’s largest shopping mall. The new indoor retail complex will occupy a site of 72,000 square meters, according to the Nikkei Asian Review. Aeon’s Myanmar partner

Singapore firm to build USD 230 million industrial park

Singapore’s Sembcorp Industries has been cleared to build a USD 230.4 million industrial park in Hlegu Township. The firm will develop the industrial center with Myanmar partners MAPCO and City Mart Holdings, according to the Myanmar Times, whi

Government will unbundle Chinese-backed New Yangon City

The Yangon regional government will unbundle an infrastructure deal for New Yangon City, a 20,000-acre Chinese-backed project planned for the western edge of the city. This means, bidders will have a better outlook of participating in parts of the pr

ADB lends USD 171.3 million for power projects

Parliament has approved a loan of USD 171.3 million from the Asian Development Bank to fund rural electrification. The money will go towards new power generation, transmission, and distribution infrastructure meant to provide electricity to over 400,