Likewise, conservation works including the dismantling, cataloguing and storing of all windows, doors, balconies, cast iron and other architectural items have been completed, and these items will be reused in accordance with the conservation management plan for the former headquarters of the Burma Railway Company.
To link up all the banks on the MPU network, the necessary infrastructure needed was software, which MPU purchased from China. The software is now being replaced by a one developed in the US and this caused delays. The installation of the new software will now be completed in December 2017 before launching in early 2018, U Mya Than said.
Shall we see less power outage next summer?
Wholly owned subsidiary Marubeni Power Systems will renovate the combined-cycle plant operated by a public utility in Yangon’s Thaketa. Gas turbines will be replaced with the latest equipment, for example, raising output from 24,000kW to 66,000kW.
The decision comes amid growing frustration over the Myanmar government’s management of the economy. The country’s much-needed new foreign investment approvals have slowed since Aung San Suu Kyi’s National League for Democracy won a election victory in late 2015 in one of the region’s poorest countries.
Under the guidelines of Mandalay Investment Commission, the terminal will be upgraded and modernized in line with international standards. This will include new lounges, centers for ticket sales, restaurants, supermarkets, shopping malls, hotels, and condominium units according to the signing ceremony at Mandalay Regional Government Office, on October 10, 2017.
Based on the agreement between the company and MCDC, the company has to pay K3 billion ($2.19 million) per year for 50 years to the YDCD for the leasing of the terminal grounds, according to U Kyaw Zaw Aung, Member of Mandalay City Development Council told Myanmar Business Today.
One customer, who walks in wearing a long red longyi and delicately beaded top, says she was at first nervous about Wave. A clothesmaker, she now sends earnings through it twice a month at a cost of 500 kyat ($0.37) a go. She says Wave’s appeal is its “convenience”.