Japanese to invest USD 62 million in telecom infrastructure project
Four Japanese companies will work with the Myanmar government to build communications lines between the Thilawa Special Economic Zone and Myanmar’s largest cities. The companies are the Sojitz Corporation, the NTT Communications Corporation, NE
Environmental groups slam Myanmar’s first coal plant
Environmental and civil society groups are criticizing the environmental impact assessment (EIA) for Myanmar’s first coal power plant. Chinese firm Wuxu Huaguang Electric Power Engineering commissioned the EIA after it took over the power plant
Filipino giant to partner with Myanmar tycoon
A major Filipino corporation will invest USD 238 million into two companies owned by Serge Pun, one of Myanmar’s tycoons. The investment will bring the combined value of those companies to more than USD 1 billion, according to the Financial Tim
Hostages freed in Rakhine
The Arakan Army (AA) has freed hostages captured in two October raids. On 7th November, the group freed 25 hostages that had been taken from a passenger ferry. The next day it freed 18 hostages captured from a bus outside the city of Mrauk-U. Many of
Westin to open its first hotel in Myanmar
Global hospitality giant Mariott International will open the first of its Westin Hotels & Resorts located in Yangon in late 2021, the company announced. The 26-story tower will be located within a USD 400 million development project controlled by
