YANGON—The Kachin State government has signed a memorandum of understanding (MOU) with a Chinese-backed company to develop a business park project in Kanpiketi, a border town in northern Myanmar, as part of Beijing’s ambitious grand infrastructure plan, the Belt and Road Initiative (BRI). On Wednesday, the MOU was signed by the state government and Myanmar […]
Manila Water seeks bigger projects in Yangon, Bandung
Manila Water Company, a member of the Ayala Group of companies, is planning to submit scaled-up proposals in the third quarter of 2017 for prospective water concessions in Myanmar and Indonesia following the success of its pilot projects. In a press briefing after the firm’s annual stockholders’ meeting, MWC Chief Operating Officer for New Business […]
Can Myanmar’s garment industry deliver decent jobs?
Myanmar was ruled by a military junta for 50 years. After such a long period of economic isolation, foreign investment is now booming as economic sanctions have been lifted following Myanmar’s first steps towards democracy. The export-oriented garment industry is benefiting from these new opportunities and is expanding at a rapid rate. Lured by low […]
Myanmar’s Railway site to be revived for tourism
Homegrown Tala Mon Company has been awarded a contract by the local government to develop a museum, hotel, park and other tourist facilities at the Death Railway site in Thanbyuzayat township in Mon state. Min Banyar San, chairman, Tala Mon Company, told TTG Asia e-Daily that the work is expected to begin within the next […]