Stranded cattle up to 15,000 in Muse
The number of cattle stranded at the Chinese border continues to rise with cattle traders taking heavy losses. The Mandalay Region Cattle Exporters Association reported that 15,000 heads of cattle are now in bureaucratic limbo at Muse. Their owners h
Irrawaddy Green Towers sold for USD 700 million
CVC Capital Partners has bought Irrawaddy Green Towers Ltd. in a deal reportedly worth USD 700 million — the second biggest of its kind in Myanmar. The finalized agreement, which will be CVC’s first Myanmar acquisition, confirms earlier repor
China-backed power plant to go live
Despite the ongoing pandemic, a Chinese-backed power plant will be completed by next year, its backers say. Speaking to the Myanmar Times, U Htu Htu Aung, deputy CEO of Supreme Trading Company, which is carrying out the project, said the USD 170 mill
Dawei border highway underway
Construction on a new highway from the Dawei Special Economic Zone (SEZ) to the Thai border will begin next year. The highway, which will be backed by a low-interest loan from Thailand, will connect Dawei with the border town of Htikhee, cutting land
Yoma Land announces two Yangon developments
Yoma Land, a subsidiary of Yoma Strategic Holdings, will add two high-value projects to its Yangon real estate empire: a commercial expansion of the Thanlyin-based Star City and a new residential site elsewhere in the city. The Star City expansion, c
