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 […]
Seeds of resilience
August 24, 2020 by
Khing Khing Soe has been growing rice, groundnuts, pigeon peas, sesame, chickpeas and onions for over two decades on her farm at Ba Lon village in Myingyan district of Myanmar. But in the past three years declining rainfall as a result of climate change has reduced her crop yields by about 30%. Changing weather patterns […]
Myanmar Launches Online “Project Bank” for Development Projects
February 27, 2020 by
YANGON—The Myanmar government has launched a centralized, publicly-accessible online platform to provide information on major investment projects that fall under the country’s sustainable development plan. The newly-launched Myanmar Project Bank aims to establish “a predictable and transparent system” and provides key data such as project descriptions, status, total project cost, financing plans and project timelines. […]
Myanmar to Establish Credit Guarantee Corporation
February 6, 2020 by
Union Minister of Planning, Finance and Industry U Soe Win revealed during a January 22 meeting with local micro, small and medium enterprises that the ministry is working to form a credit guarantee corporation to help MSMEs get access to financial services. The ministry is working in collaboration with the Central Bank of Thailand to […]
Taking a Quantum Leap to Revamp Myanmar’s Economy
September 25, 2019 by
YANGON—Since last year, Myanmar officials responsible for drumming up foreign investment have been shuttling between Naypyitaw and Asian countries to pitch the government’s latest legal, procedural, and institutional reforms to potential investors as part of efforts to revitalize the country’s economy. State Counselor Daw Aung San Suu Kyi often highlights foreign direct investment (FDI) as […]
Myanmar Signs 3 Agreements at Belt and Road Forum
April 30, 2019 by
Myanmar’s government signed two memorandums of understanding (MOUs) and an agreement letter with China at Beijing’s Belt and Road Forum on Thursday, detailing strengthened cooperation between the countries on the China-Myanmar Economic Corridor (CMEC), trade and technology. According to the Ministry of Information, Myanmar State Counselor Daw Aung San Suu Kyi and Prime Minister of […]
Invest Myanmar Summit 2019, 28-29 January 2019 Nay Pyi Taw
December 13, 2018 by
Invest Myanmar Summit 2019 is a collaboration between the Union Government of Myanmar, the Region States of Myanmar and the business community to create a platform for businesses to meet. The two-day event is designed to provide international and local investors the opportunity to discover the investment potential of Myanmar. It is a platform where […]
Project bank to facilitate infrastructure development established
December 6, 2018 by
A Project Bank of Public Investment Programs to facilitate major project proposals from the States and Regions has been established under the Myanmar Sustainable Development Plan (MSDP), Minister of Planning and Finance U Soe Win said during the 2018 Commerce Fair held in Yangon on December 1. “Currently, Myanmar still lacks basic infrastructure. If this […]
