Exclusive: Hungry for power, Myanmar bets on hydro in new energy plan

YANGON (Reuters) – Electricity-starved Myanmar is looking to overhaul its long-term power strategy, aiming to hike the planned share of hydropower in its energy mix at the cost of polluting coal as it tries to attract foreign investment. The new democratically-elected government of Aung San Suu Kyi has made job creation one of its top […]

Myanmar’s Mandalay to implement 7-year water treatment plan

YANGON, July 4 (Xinhua) — Myanmar’s second largest city of Mandalay will implement a waste water treatment plan which will start this fiscal year and take seven years to complete, official report said on Monday. The plan will be launched with a loan of 70 trillion kyats (60 million U.S. dollars) from the Asia Development […]

Yangon’s mega traffic jams

The biggest problem in Yangon today is the mega traffic jams the whole commercial city is facing almost every day. Except on the Myanmar New Year Day (on which only the famous pagodas are crowded with a very large number of Buddhist pilgrims) and one or two days afterwards, Yangon streets have become driver-friendly and […]

Support is better than protection, government’s new economic policy

“Our government will not give favour to anyone and there will be no discrimination. We will give all Myanmar nationals equal opportunity.” Union Minister of Planning and Finance Kyaw Win said at a meeting held at Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) on 13 June, the meeting was held for […]

Myanmar’s Mr Clean says he takes ‘red tape road’ to profit

Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the center of a half billion dollar property development in central Yangon, hasn’t seen much action since the project was announced four years ago. Serge Pun, the 63-year-old project developer and one of Myanmar’s richest men, says his Landmark development – which […]

Mandalay dumps plastic bags

MANDALAY, 11 June 2015: Mandalay’s city officials say they wlll encourage tourism and shopping establishments to abolish plastic shopping bags and use alternatives that are more environmentally friendly. Global New Light of Myanmar media reported Mandalay City Development Committee discussed how to become a plastic bag free city during a meeting with owners of restaurants, […]

Singapore leads as foreign investment in Myanmar doubles

Foreign investment in Myanmar nearly doubled last year compared to the previous year, it was announced yesterday. Overseas investors poured more than US$8 billion into the country, creating 150,000 jobs, said the Directorate of Investment and Company Administration (DICA). More than half that figure, $4.3 billion, came from Singapore alone. A total of 223 projects […]

ADB to assist on poverty alleviation and HIV prevention projects

Asia Development Bank (ADB) has signed an agreement with the Myanmar government, with cash funding provided by the Japanese government, to carry out poverty alleviation and HIV prevention projects for rural people, according to bank officials. “The cash assistance for the livelihood of rural people is aimed at poverty reduction and community-based development,” said Putu […]

Myanmar, Thailand to generate electricity through solar power

The Myanmar electric power authorities will initiate a project to generate electricity through solar power in cooperation with a Thai company in a bid to meet the growing demand of electricity in the country in addition to sources obtained through hydro, gas and coal power, official media reported Monday. Under a memorandum of understanding signed […]