Chinese company proposes new circular railroad for Yangon

Circular railroad in Yangon proposed by Chinese firm

Officials from the China Railway Engineering Co Ltd (CREC) have proposed the Yangon Region Government to construct a new circular railroad around the commercial capital. According to an article in the Myanmar Times, the CREC has proposed two versions
Daewoo to produce passenger vehicles in Myanmar

Daewoo to manufacture buses in Myanmar

South Korean conglomerate Daewoo is to establish a local entity in Myanmar to build buses, according to a report. An article in the Myanmar Times said that Daewoo Bus Myanmar Company will be a 25:75 joint-venture between the Myanmar Trade Centre and