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,
Japan counters China with massive LNG plant
The government has given three Japanese firms and a Myanmar partner approval to proceed with what will be one of the largest gas-fired power plants in the country. The liquid natural gas (LNG) plant will be located in Yangon Region’s Thilawa Sp
Chinese firms take blame for Mandalay flood
Two Chinese companies will accept responsibility for a flood that forced thousands of people to flee their homes outside Mandalay. On Sunday, an embankment near the in-development Shwe Ge wastewater pumping station in Amarapura Township broke, forcin
