Govt mulls rejection of US$300 million loan from China

Thanks but no thanks, the Myanmar government may be preparing to say to a major Chinese lender. As Foreign Minister Daw Aung San Suu Kyi discussed the future of the controversial Myitsone dam project and other aspects of Myanmar-Chinese relations in Beijing, questions were being raised as to whether the country needs to take on an additional […]

Myanmar targets 17-fold rise in coal-fired power by 2030

THE southern part of Myanmar is being eyed for new coal-fired power plants, in line with the country’s electricity-generation master plan that will boost the coal-fired power ratio 17-fold by 2030. Aye Min, deputy director for thermal power planning, told the “Myanmar Electric Power Convention” last Thursday that most hydropower projects were located in the […]

MNA to open new route to Bangkok four times per week

Myanmar National Airlines (MNA) is planning to fly to Bangkok with a new ATR aircraft four times a week starting from February 20. The airline will introduce a new flight schedule with flights to Chiang Mai two times a week starting from February 26. At the present, MNA offers regular flights to 26 cities, plus […]

IGE’s power project to face further delays

A hydropower station first conceived in 2003 will require a further four years of work, costing an estimated K230 billion more, parliament heard on May 18. Deputy Minister for Electrical Power U Aung Than Oo told Amyotha Hluttaw that the Thahtay hydropower project on Thahtay Creek, 20 kilometres (12 miles) northeast of Thandwe in Rakhine […]

Indian bank finances Myanmar irrigation projects

The Export and Import Bank of India has given a US$198.96 million [K198.96 billion] line of credit to the Myanma Foreign Trade Bank for financing several irrigation projects, according to the Reserve Bank of India on March 23. The EXIM Bank’s credit will finance 18 irrigation projects in Myanmar. Out of the total credit by […]

India’s EXIM Bank Agrees More Than $350M in Credit to Myanmar

YANGON — The Indian government’s Export-Import Bank (EXIM Bank) has said it will loan Myanmar more than US$350 million to finance irrigation projects and improvements to the country’s railways. In an announcement Dec. 26, the bank, which opened an office in Yangon in September, said it would extend credit to the Myanmar Foreign Trade Bank […]