Japanese company Hitachi Industrial Equipment Systems (HIES) will invest US$45 million to build a transformer factory, through a partnership with local company Soe Electric and Machinery (SEM), said the president of Hitachi, Masakazu Aoki.
Against the backdrop of increasing scrutiny of private sector land investments worldwide, responsible land investment has been a hot topic in Myanmar, as the sixth draft of the National Land Use Policy is due to be finalised later this year.
The Kunlong hydropower project in northern Shan State has been delayed due to security issues, according to officials.
Whereas Kandawgyi and Inya lakes may once have been the main sources of water for Yangon residents, it is now drawn from the ground or piped from reservoirs far outside of town – or is brought door-to-door by a legion of water deliverers.
Over the past six weeks, bars in Yangon have seen profitability fall by up to 40 percent, as an official 11pm closing time has been strictly enforced. Owners are concerned that this is likely to be tightened to 10pm and then as early as 9pm during the election period, though this is refuted by officials.