Thai development giant freezes project
Amata, one of Thailand’s largest real estate developers, has frozen a USD 1 billion Yangon project amid the political turmoil. Construction on the planned 2000-acre site began in December, but Amata marketing chief Viboon Kromadit announced thaYSX suspended, dives on reopening
Trading on the Yangon Stock Exchange was suspended Monday and Tuesday following the military coup. When it reopened on Wednesday, the benchmark index fell 26.47, or 6%, to 417.25 from its previous close on Jan. 29, the first time since April 2020 the
Amid chaos, investors hold their breath
When the Tatmadaw (Myanmar military) took power this week, it risked a decade of new foreign investment in nearly every sector. Now those partnerships, struck in the democratic era, will be put to the test. Will India renege on plans for a new gas reModern industrial hub “Yangon Amata Smart & Eco-City” project kicks off
In the very last days of 2020, Yangon Amata Smart and Eco City, a new “modern industrial hub”, held its groundbreaking ceremony in presence of many officials including Yangon Region’s Chief Minister, Thailand’s Ambassador to Myanm
Thai developer to build USD 1 billion complex in Yangon
Thai developer Amata Corp. has announced plans to invest USD 1 billion in an industrial complex in Yangon. Amata recently signed a land lease agreement and joint venture agreement with the Myanmar Ministry of Construction in the country’s capit
