Three Japanese companies are going to take part in upgrading the Phase-One of Yangon-Mandalay Railway Project as main contractors and A1, Shwetaung, Dagon and Max from Myanmar as sub-contractors, according to Myanma Railways. The Phase-One of Yangon-Mandalay Railway Project is from Yangon to Toungoo and that it will start on October 1. The main contractors […]
MoTC, Moon Engineering Joint Venture Co., Ltd sign contract for developing vehicle registration by RFID System
July 10, 2019 by
Road Transport Administration Department of Ministry of Transport and Communications and Moon Engineering Joint Venture Co., Ltd yesterday signed a consulting services contract for developing vehicle registration by Radio Frequency Identification-RFID System at the ministry in Nay Pyi Taw. Present at the meeting were Deputy Minister U Kyaw Myo and officials from the Ministry of […]
Yangon gov’t makes losses in bus services: Auditor General
October 4, 2018 by
Yangon Region government took a loan of Ks-eight billion from Ayeyarwady Bank as it had no sufficient money to buy 1,000 new buses, according to an audit report submitted by Khin Than Hla, Yangon Region Auditor General for 2016-2017 fiscal year, at the session of Yangon region parliament on September 14. On behalf of Yangon […]
Myanmar to export gold to foreign markets
October 1, 2018 by
Myanmar will export gold to Shanghai, Dubai and Thailand, said Dr Ye Thu Aung, director of Myanmar Gold Development Public Co., Ltd at a ceremony to open One Stop Services Center (OSSC) at Myanmar Culture Valley in the People’s Squares in Yangon on September 24. The OSSC will provide one stop services for exports and […]
Colliers Property Report: Yangon Hotel Quarterly Review Q2 2018
September 12, 2018 by
Influx of Asian Tourists Spurred Demand Paul Ryan Cuevas Analyst | Research & Advisory As of H1 2018, Yangon witnessed a significant 6% YOY rise in the citywide occupancy rate. Resulting from the improvements in the overall tourist arrival figures coupled with the absence of project completions in Q2 2018, occupancy almost breached the […]
Unable to break protectionist curse, FMI bites the dust
July 24, 2018 by
FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]
Collier Property Report – UPPER-SCALE HOTEL Q4 2017
March 15, 2018 by
New Supply to Bolster Pressure in the Market Yangon’s upper-scale hotel segment has trailed a bumpy road as of Q4 2017. Occupancy levels continue to weaken despite further reductions in the average daily rates. To gain leverage over the already stiff competition, Colliers advises hotels to continually differentiate and shape their offerings in line with […]
