urban development project

Chinese Developer’s Grand Claims Spark Fresh Concern in Karen State

March 7, 2019 by Thiha

YANGON — A Chinese company behind an urban development project near the Thai border in Karen State says it is planning to build on a swath of land under the control of a local armed group many times the size it was granted by the government. The Myanmar Investment Commission (MIC) approved 25.5 acres of […]

Filed Under: Latest News Tagged With: border guard force (BGF), Chinese developer, Directorate of Investment and Company Administration (DICA), Karen State, Myanmar Investment Commission (MIC), urban development project

Plenty of political will but no cash for New Yangon project

July 23, 2018 by Thiha

Large areas west of the Yangon River here look dark and depressed, at least from an airplane taking off or landing from the capital’s airport after sunset. In stark contrast to the city center, on the east side of the river, where high-rise commercial buildings and shiny condominiums are popping up, the opposite bank gives […]

Filed Under: Latest News Tagged With: CCCC, China Communications Construction Co., conglomerate Serge Pun & Associates, democracy, government-backed finance, Kyimyindaing township, Myanmar, National League, New Yangon Development Co., NYDC, Phyo Min Thein, private-sector investors, Public-Private Partnership, Serge Pun, Swiss Challenge, urban development project, Yangon Chief Minister, Yangon River

Myanmar takes new measures to promote foreign investment

July 3, 2018 by thiha

YANGON — Myanmar has reformed its investment commission recently and will soon enforce a new companies law in a bid to promote foreign investment. The new Myanmar Investment Commission was reorganized with 13 members with Minister at the Office of the Government U Thaung Tun as chairman. Along with the enactment of the new Myanmar […]

Filed Under: Latest News Tagged With: foreign direct investment (FDI), Myanmar, new Myanmar Companies Law, new Myanmar Investment Commission, U Thaung Tun, urban development project, Yangon Region Investment Committee, Yangon River

China ups its game in Myanmar’s SEZ race

September 11, 2017 by Thiha

CHINESE investors have expressed an interest in investing and developing the area across Yangon River and to construct an international airport, a port and housing projects, according to a local Chinese business association. The proposed locality and projects overlap with the prospective South Korea-led special economic zone. Members of the Yangon-headquartered Myanmar Chinese Chamber of […]

Filed Under: Latest News Tagged With: a port, airport, asean, ASEAN Economic Integration, Belt and Road Initiative, BRI, chair of WCEC organising committee, China, Chinese, Chinese Businessmen, Chinese Investors, Condominium law, Dala, Hong Kong, Housing Projects, infrastructure gap, international airport, international Chinese businesses, japanese, Kawhmu Townships, Kungyangon, local Chinese business association, Mainland China, MCCC, MCCC chair, MCCC vice-chair, Myanmar Chinese Chamber of Commerce, Myanmar’s SEZ race, Myintsone dam and mining sectors, Nay Pyi Taw, Port, second special economic zone, SEZ, South Korea-backed SEZ, South Korea-led special economic zone, Southern Yangon, the Chinese business diaspora, U Myint Shwe, U Ni, urban development project, WCEC, World Chinese Entrepreneurs Convention, Yangon Chief Minister U Phyo Min Thein, Yangon Mayor U Maung Muang Soe, Yangon River