A senior Yoma Strategic Holdings official has hailed as “hugely significant” a recent agreement signed with the Ministry of Rail Transport that paves the way for work to start on a US$400 million-plus development project in downtown Yangon.
Australian liquid natural gas firm Woodside Petroleum announced yesterday that its Myanmar joint venture had discovered an offshore gas column. The find should encourage firms exploring the area, though Woodside was cautious about its potential.
The government has earmarked some K30 trillion for domestic investment in the 2016 financial year, according to the proposed National Planning Bill. The figure is higher than the previous year, but the state-owned sector will see a rare drop in investment.
The level of organic pollutants in waste water at the Hlaing Tharyar and Shwe Pyi Thar industrial zones over the past two years was higher that standard specifications, according to research from the Green Motherland Development Association.
Southeast Asian nations have officially launched an EU-inspired economic bloc aimed at boosting the region’s trading clout and attracting more investment, but analysts said a true single market was still a long way off.
The final tender results for the Kyaukphyu special economic zone (SEZ) project will be announced this month, despite calls from civil society groups for the project to be postponed, a member of the tender selection committee told The Myanmar Times.
The opening of the Yangon Stock Exchange (YSX) has sparked interest among prospective investors and confusion over how the process works, and highlighted the difficulty in properly analysing share prices.
Despite opposition from local merchants, the new international jade market near Mandalay’s Myint Nge jade pagoda is set to open next year. Stalls and living space have already gone on sale, with lots to be drawn to determine the winning buyers on January 1 and 3.