Construction of an expressway connecting the city of Bago and Kyaik Hto township in Mon State is expected to start in fiscal 2022-23, U Aung Myint Oo, Director General of Department of Highways under the Ministry of Construction, told the Myanmar Times. This comes after the Asian Development Bank (ADB) last week approved a US$483.8 […]
ADB approves loan to fund new Myanmar expressway
November 3, 2020 by
The Asian Development Bank (ADB) has approved a US$483.8 million loan to build a 64-km expressway connecting the capital of Bago region and the township of Kyaikto in Mon state in Myanmar. The move supports the Myanmar government’s aim to increase investment in transport infrastructure to 3 percent of GDP by 2030, up from an […]
Myanmar, Japan to develop new large-scale shopping mall in Yangon
August 24, 2020 by
Local real estate developer Shwe Taung Real Estate Co Ltd and Japan’s Aeon Mall Co Ltd have formed a joint venture to invest, develop, manage and operate large-scale shopping malls in Myanmar, both companies announced on August 4. The JV received approval from the Myanmar Investment Commission last week. Shwe Taung holds a 30 percent […]
Upgrade infrastructure to attract global manufacturing, GMS told
February 14, 2019 by
There is a significant need for Mekong region countries to upgrade their infrastructure to take on a larger share of global manufacturing, said Sok Siphana, chairman of independent Cambodian think-tank Asian Vision Institute (AVI). “The promotion of the free flow of goods, services, investment and skilled labour within the Greater Mekong Subregion (GMS) could further […]
Myanmar-Thailand transportation agreement could be signed next year
November 30, 2016 by
Myanmar and Thailand are in discussions about a cross-border transport facilitation agreement and will enter into a memorandum of understanding (MoU) by July, 2017, according to the Ministry of Transport and Communications. Greater Mekong Sub-region Road Transport Permit is slated to initially launch on 1st July, 2017 to facilitate the cross-border road transport between Myanmar […]
Organic certificates to be issued to Myanmar farmers
June 27, 2016 by
Organic guaranteed certificates will be issued to those who fit the prescribed regulations, said an official from Myanmar Organic Food Growers and Producers’ Association. Those receiving certification will only be engaged in Nyaungnapin agricultural zone, coffee cultivations in YwarNgan, Shwebo Paw San Mway rice variety and mushroom cultivation in Yangon so that they can legally […]
The Long Road To Investing in Myanmar
April 27, 2015 by
A seminar in Bangkok has been told that while there are opportunities in Myanmar for foreign investors the country lacks the human resources to enable rapid growth, while many of the opportunities that exist are in industries which have profound levels of corruption. The packed to capacity presentation, Myanmar at the Crossroads, part of the […]
