The Myanmar Times
Wednesday, 01 April 2015
The Myanmar Times
The Myanmar Times

Kyaukphyu tender stuck in negotiations

An announcement for a winner in the ongoing tender to build portions of Kyaukphyu Special Economic Zone has been delayed again as the two sides continue negotiating, according to a businessperson close to the situation.

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Pre-sale market jitters as officials urge caution

Senior officials are urging caution for pre-sale buyers, claiming there is vastly differing quality between different projects and the developers that are backing them.

 

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Offshore base project unknown to MOGE

Mon State officials are keen on a partnership with a private firm to build a base for resupplying offshore oil and gas projects, though national officials say they have not yet heard of the venture.

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Car sales trickle in with policy

Applications are trickling in two months after a surprise policy change hit automobile importers, according to experts.

 

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Showroom stopped by grudge

A car showroom owner has accused local authorities in Mandalay of putting her out of business because of a personal grudge.

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Gold exchange coming

Association experts look to China for inspiration to build central market, though insiders insist it will not move ahead without support from government ministries.

 

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Struggle to reach even extended ASEAN goals

Myanmar has a three-year grace period to meet ASEAN Economic Community targets, but will still meet challenges facing its later deadline, according to experts.

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Electricification rate up

The proportion of people on the nation-wide grid has increased slightly to 34.6 percent, from about 30pc when the civilian government took over in 2011, according to the Ministry of Electric Power.

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Sumitomo signs power agreement for Thilawa SEZ

Japanese firm Sumitomo Corportaion has signed an agreement with Myanma Electric Power Enterprise to build a 50-megawatt gas-fired power plant for Thilawa Special Economic Zone, according to an official announcement on March 1.

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Shwe Taung opens restaurant expansion at Junction Square

Shwe Taung Group has updated its well-known Junction Square shopping mall with a restaurant zone titled the Secret Garden.

 

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