ADB to Loan $100 Million to Upgrade Road in Kayin on GMS Corridor Route

The Asian Development Bank (ADB) has approved a $100 million loan to improve a 66.4 kilometre section of road connecting the towns of Eindu and Kawkareik in Kayin state, dubbed as the missing link of the Greater Mekong Subregion (GMS) East-West Corridor. The Manila-based lender said the project will improve the existing two-lane road in […]

Condo Law sent back to the drawing board

Weaknesses in the recently completed draft Condominium Law need to be addressed before it can be promulgated, according to officials from the Department of Human Settlement and Housing Department (DHSHD). Although it is targeted to become law this year, some in the industry have pointed to a number of problems with the current draft. Virtually […]

Australia to Offer $27m for Myanmar’s Education Sector

Australian Foreign Minister Julie Bishop has announced plans by her government for “increasing educational opportunities for primary and tertiary students” in Myanmar. During her recent three-day visit to Myanmar, she said the Australian government will provide a $27.8-million funding to boost services in 43,000 schools and strengthen teacher training colleges for tertiary sectors. “Education is […]

US to Help Myanmar Improve Highway Safety

The United States will help Myanmar improve the safety of the Yangon-Mandalay highway where hundreds of car accident cases have occurred over the past five years. The United States Agency for International Development (USAID) and the Ministry of Construction signed a letter of agreement recently on this regard. US architecture and engineering experts will train […]

Myanmar to Grant Foreign Banks Licenses by End of September

YANGON — Myanmar will grant foreign banks limited operating licenses by the third quarter of this year, in a bid by the country’s semi-civilian government to attract foreign investment into an economy just emerging from decades of military rule. An official document sent to more than 30 foreign banks with representative offices in Myanmar, and […]

S Korea to Open Polytechnic University in Myanmar

South Korea and Myanmar will cooperate in technology development by opening a polytechnic university in the Southeast Asian country. The government has approved a draft memorandum of understanding between Myanmar and South Korea on this project, according to Dr Aung Kyaw Myat, deputy minister for science and technology. The South Korea Polytechnic University and the […]