Investors Invited to Develop Yangon Railway Station Complex

Myanmar’s rail transport authorities are working on a massive plan to transform the Yangon Central Railway Station into one of the city’s most sparkling new projects, and are inviting ideas and expression of interest from local and international investors for the move. The state-run Myanmar Railways said it intends the investors to undertake design-and-build work […]

Daiwa to help AGD bank’s transformation as public company

YANGON—Japan’s Daiwa Securities Group will assist locally-owned Asia Green Development (AGD) Bank to transform as a public company, sources say. The Memorandum of Understanding (MoU) to proceed with initial public offerings between the two organizations was signed on Monday at Kandawgyi Palace Hotel in Yangon. Daiwa is helping the government to establish a stock market […]

Conservation projects in Yangon face long road ahead

Several high-profile renovation projects for Yangon’s most iconic heritage structures tendered by the state one year ago have yet to begin as the government is slow to rubberstamp master plans, while some development firms have yet to submit them, officials said. In November last year, the Myanmar Investment Commission chose four firms to separately convert […]

Sweeping changes to Myanmar mining laws planned

Myanmar’s 1994 mining law is set for a major overhaul that could transform as much as 70% of current legislation, government officials from the Asian nation said on Sunday. Mostly undeveloped, Myanmar also known as Burma is home to vast reserves of oil and gas and minerals and metals, including gold, tungsten, copper, nickel, tin, […]