Japanese replace Chinese in Yangon railway project
Myanma Railways has dropped its planned Chinese partner Sino Great Wall for Yangon’s new central railway station project. The Japanese firm Sumitomo has been selected as the new partner. The ambitious development in downtown Yangon will ta
Myanmar Rice Federation expands China export deal
The Myanmar Rice Federation (MRF), the umbrella association for Myanmar’s rice industry, will export 250,000 tonnes of rice to China. A new MOU was signed with the China National Cereals, Oils and Foodstuffs Corporation, The Myanmar Times re
Earnings surge at Yangon power company
The Yangon Electricity Supply Corporation (YESC) reported MMK 91 billion in revenue for the month of July. This is a 65 percent jump from the previous month. The surging numbers are due to a spike in electricity prices instituted by the Ministry of E
New Dawei-Kanchanaburi highway planned
The Myanmar government continues to invest in its southern coast with an ambitious new highway connecting Dawei to Kanchanaburi, Thailand. An official call for tender bids will be released soon, Dawei Special Economic Zone Management Committee Secret
Housing project planned by Malaysian developer
Malaysian developer Berjaya Land will invest USD 624 million into a low-to-middle income housing project in Yangon. According to company chief executive Datuk Pee Kang Seng, speaking to reporters at the Malaysia-Myanmar Connect (MMC) seminar in late
