A recent decision by the Myanmar military, or Tatmadaw, not to extend a cease-fire aimed at ethnic armed organizations excluded from a nationwide peace agreement puts the country’s Belt and Road projects in further limbo. Multiple projects have already been halted, including the key Myitsone dam hydropower project in in Myanmar’s northernmost state of Kachin. […]
Yoma Strategic’s Myanmar project nets funding from International Finance Corp
April 9, 2018 by
THE World Bank Group’s International Finance Corporation (IFC) is taking a stake in a Yoma Strategic Holdings project to power rural communities, the mainboard-listed Yoma Strategic said on Tuesday. The IFC is set to hold a 30 per cent interest in Yoma Micro Power, a joint-venture company that builds, owns and runs solar- and diesel-powered […]
Myanmar Allows Import of U.S. Corn
December 23, 2017 by
Myanmar imposed new pest risk analysis requirements for imported plant-related commodities, including U.S. corn, on Jan. 1, 2017. Under the new directive, the Myanmar Plant Protection Division (PPD) prohibited the import of plant and plant-related products unless the exporting country provided this new information, which includes how the country deals with pest outbreaks and is […]
Manila Water Inks Deal with WB Investment Arm
August 18, 2017 by
Manila Water Co. Inc.’s overseas business unit has signed a memorandum of understanding with the International Finance Corp. (IFC) on working together in projects in the Asia Pacific region, particularly in the south east. This develops as Manila Water Asia Pacific Pte. Ltd. aims to add momentum to the Ayala group’s expansion within the region, […]
Myanmar sees boost in private investment in agriculture
January 13, 2017 by
Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]
Carriers soup up networks as new rivals come knocking
January 7, 2016 by
Myanmar’s wireless market is embarking on a new chapter, now that the bulk of the country’s population is connected. Norwegian telecom company Telenor runs this cellphone shop in Yangon. The Southeast Asian nation’s mobile penetration rate has shot up from 9% at the end of 2013 to an estimated 70% or so. Auctions for new […]
IFC signs services agreement for hydroelectric development with Myanmar
October 7, 2015 by
World Bank Group member, International Finance Corp., in September signed an advisory services agreement with the government of Myanmar to help improve environmental and social risk management in hydropower projects, according a press release from the IFC. Myanmar has recently approved a new electricity law and is finalizing the procedures for environmental impact assessment. The […]
