Public-private partnerships, or PPPs, are the latest buzzword in government circles as the National League for Democracy looks for new ways to develop infrastructure projects without straining public finances. Officials want to resuscitate the long-stalled Hanthawaddy airport project as a PPP scheme, for example, while Daw Aung San Suu Kyi told an investment forum back […]
Making Myanmar an energy powerhouse
Myanmar’s national electrification process is still on hold one year after the new administration took office. The replacement of the Minister of Energy in early August showed the priority given to energy, but the government still has much to do. Myanmar will have to decide on how to solve its chronic power shortage. There are […]
200,000 coffee acres by 2030, agriculture ministry projects
The Ministry of Agriculture, Livestock and Irrigation hopes to increase coffee acreage to 200,000 and export 60,000 tonnes by 2030. The country needs to lay down concrete policies to boost coffee production, experts say. Additionally, establishing of public-private partnerships, gaining access to long-term loan plans, and cooperation with foreign and local organisations are absolute musts […]
Thailand aims to double bilateral trade with Myanmar
THAILAND and Myanmar will strengthen trade and economic cooperation under a strategic-partnership strategy aimed at doubling bilateral commerce within the next five years. The two countries’ governments and private sectors will this week sign 15 memoranda of understanding to promote trade, investment and service growth. Deputy Prime Minister Somkid Jatusripitak will today lead an official […]
ADB eyes greater role in Myanmar road, port projects
MANILA — The Asian Development Bank will help Myanmar modernize its transportation infrastructure, such as roads and ports, seeing public-private partnerships as key to promoting projects. The Manila-based multilateral lender will serve as an adviser assisting the Myanmar government in such matters as drawing up plans, selecting contractors and procuring funds. The arrangement will be […]
Chinese-led group to build Indian Ocean port, industrial park
Myanmar has chosen a consortium of mostly Chinese companies to develop a special economic zone sitting near plentiful offshore natural gas reserves. The Kyaukphyu zone, in the western state of Rakhine, already has an oil and gas pipeline connecting it to China, whose influence over southern neighbor Myanmar could grow as a result of the […]