The Myanma Port Authority will require 72-hours advanced notice from all ships arriving in Yangon and all crew members to undergo medical check-ups before docking, a senior official said. U Zaw Tun Lwin, general manager of the port, said incoming and outbound traffic at the country’s main port remains normal. “We send maritime health forms […]
Kyaukpyu port to become model project in China-Myanmar BRI cooperation
Along the Bay of Bengal on the west tip of Myanmar, the town of Kyaukpyu in Rakhine State sits tranquilly on a 25-meter deep harbor. This deep-sea port, surrounded by superb natural conditions, could be developed into another demonstration project under the framework of the Belt and Road Initiative (BRI), mutually benefiting both Myanmar and […]
Myanmar’s strategic coastline draws big Asian economies
YANGON — Asia’s biggest economies of China, Japan and India are aggressively backing new port projects in Myanmar, seeking to gain a foothold on the coastline of the geographically prized nation. Located between China, India and Southeast Asia, Myanmar features prominently in regional plans to boost logistical connectivity. Especially eager to expand its presence has […]
Singapore Myanmar Investco in share sale agreement to dispose unit for US$10.8m
MAINBOARD-listed Singapore Myanmar Investco (SMI) on Monday announced that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar. TPR, which was incorporated in Myanmar in 2014, is a subsidiary of MIG, and the […]
B4.5bn Dawei development loan okayed
Plans for the Dawei special economic zone have inched ahead after the Myanmar government agreed to borrow 4.5 billion baht from Thailand to finance the construction of a 132-kilometre road from Dawei’s proposed deep-sea port to Ban Phu Nam Ron in Kanchanaburi. Transport Minister Arkhom Termpittayapaisith, who led a Thai delegation to meet Myanmar officials […]
Govt mulls B4.5bn loan for Myanmar
Thailand is considering granting a 4.5-billion-baht loan to Myanmar to fund an infrastructure development project including the planned construction of a 132-km long road to stretch from the Thai-Myanmar border in Kanchanaburi to the Dawei special economic zone in the neighbouring country. Transport Minister Arkhom Termpittayapaisith revealed this on Tuesday, saying the loan request was […]