Infrastructure, agriculture sectors at risk of slower investments The infrastructure and agriculture sectors could take a hit as a result of the current state of emergency in Myanmar, which could slow economic growth and investment flows into the country, Fitch Solutions said in a report. The research firm on February 1 downgraded its economic growth […]
Second aviation facility for development of Chin State
January 12, 2021 by
Now is time of beefing up development tasks in all parts of Myanmar including hilly areas and remote sites. Despite facing impacts of pandemic Covid-19 similar to other global countries, Myanmar is undertaking development tasks in line with the health guidelines as much as it can. Especially, infrastructures are being built in hilly areas which […]
Thilawa, Thakayta and Thanlyin work together to implement first-ever LNG-to-Power project
January 12, 2021 by
The breeze blowing through the Yangon River made me warm. A host of sea-going vessels are anchored in the wide river. A scene of a flock of birds slowly flying in the sky seems a flurry and the ships small and big navigating in the river looks like a moving painting. On the bankside of […]
KBZ Bank joins Myanmar’s interbank transfer system
December 18, 2020 by
KBZ Bank account holders will be able to transfer money to other banks in Myanmar after the bank launched its digital interbank transfer system on December 15. “Digital money transfer can now be done easily and safely between local banks,” said KBZ deputy managing director Mr Robin Chua. Users can transfer a maximum of K […]
Tourism industry invests in tech amid COVID-19
December 14, 2020 by
The hospitality and tourism industry is investing more in technology during the COVID-19 pandemic, said U Than Htut, vice chair of Myanmar Hoteliers Association. “We face challenges in technology in COVID-19 crisis. We have to make more investment and changes in technology,” he said. Local conglomerate Eden Group says more investments in technology is necessary […]
ADB approves $171-mln loan to expand electricity access in Myanmar
December 14, 2020 by
The Asian Development Bank (ADB) has approved a US$171.27-million loan to expand electricity access in Myanmar. ADB provided $171.27-million loan to help Myanmar construct 44 medium-voltage substations and 1,006 kilometres of distribution lines across Kayin state and the Ayeyarwady, East Bago, and Magway regions. The Accelerated Rural Electrification Project will expand the electric grid to […]
COVID-19 has allowed us to look at new business models: YGA Capital’s Ko Ko
December 4, 2020 by
The National League of Democracy’s resounding victory in Myanmar’s national elections this month, ensuring that Aung San Suu Kyi serves a second five-year term, is set to stimulate stronger investor confidence in the country. While deals are set to pick up in key sectors such as infrastructure, healthcare, and education, the country offers opportunities in […]
Construction of Ayeyarwady coastal expressway to start this year
November 16, 2020 by
Implementation of the Ayeyarwady Coastal Region Development Project, an expressway connecting Ayeyarwady Region and Rakhine State listed under the Myanmar Project Bank, will start from this fiscal year, according to the Ministry of Construction. The project is estimated to cost US$94 million and expected to be complete in fiscal 2023-24. The project will involve the […]
Myanmar Receives 16 Proposals for New Yangon City Project
October 27, 2020 by
YANGON — Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). On Saturday, the Ministry of Investment and Foreign Economic Relations said 16 consortiums […]
Myanmar firm to build oil refinery in Dawei SEZ
September 14, 2020 by
The project, which will have the capacity to process 8 million metric tonnes per annum (mmta), will constitute as “important project involving a huge investment. They will probably cooperate with foreign companies because it is impossible to implement the whole project by a Myanmar company alone,” said U Tin Htoo Naing. Infrastructure such as a […]
