Japanese firm replaces Chinese as financial partner in railway project

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 to export rice to China

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
Dawei-Kanchanaburi road construction expected to start soon

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
Malaysian developer to build $624M housing project in Yangon

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
New planes added to GMA fleet

GMA buys new planes amid industry rough patch

Golden Myanmar Airlines (GMA) has expanded its fleet to three aircraft with plans to offer more frequent flights to more destinations. In an interview with The Myanmar Times, the company’s CEO U Kyaw Nyein cited rising demand from Chinese pass