Myanmar’s New Economic Zone Attracts Foreign Interest But Local Ire

YANGON (Thomson Reuters Foundation) – Looking north from Myint Win’s farm, across rice paddies and past bamboo huts, a massive new industrial development on the outskirts of Myanmar’s biggest city gleams in the distance. The buildings sprang up during the first phase of developing the Thilawa Special Economic Zone (SEZ), a 6,200 acre (2,500-hectare) industrial […]

JICA to submit construction project for sight seeing viewpoint place in Bagan

According to second representative of Japan International Cooperation Agency (JICA) named U Han Nyunt, JICA will submit project on the end of September to construct view point for the foreigners who came to Bagan as they want to do sightseeing. This project was not being allowed since 2014 when the authorities concerned submitted to the […]

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 […]

Airport upgrades in Myanmar’s lesser-known hotspots means more international flights and tourists

A number of airports popular with tourists will begin accepting direct international flights after their upgrades are complete over the next decade, the Department of Civil Aviation deputy director general U Ye Htut Aung told The Myanmar Times. Heho Airport in Shan State, Nyaung-U in Mandalay Region, Thandwe in Rakhine State, and Dawei in Tanintharyi Region are examples […]

YCDC to upgrade Strategic Urban Development Plan for Greater Yangon

The Yangon City Development Committee (YCDC) has announced that it will upgrade the Strategic Urban Development Plan for Greater Yangon to bring it into harmony with the modern era. The upgraded plan will focus on development of Yangon’s downtown area. “We are holding discussions with the Japan International Cooperation Agency (JICA) for the upgrade. The […]

Ministry of Construction sees urgent need for Yangon-Thanlyin bridge replacement

A bridge linking downtown Yangon with Thanlyin township across the Bago River is being tested beyond its limits and “could break at any time” according to an official at the Ministry of Construction, who said the government is planning to build a stronger second bridge as a matter of urgency. Yangon-Thanlyin 1 Bridge was designed […]

What Opening Up an Isolationist Nation to the Global Economy Does to Traffic

Three years ago, traffic may have cost Burmese 24-year-old Kyaw Kyaw Win his job. He migrated to Yangon, the commercial capital of the country now known as Myanmar, in search of worktwo years after the start of crucial economic development reforms that opened the once-hermit nation to international investment. The country of more than 51 […]

Tender planned for $2b Yangon-Mandalay railway upgrade

A Tender for private companies to work on a US$2.2 billion upgrade of the railway linking Myanmar’s two largest cities will be called at the end of this year, an official said yesterday. Work on the Yangon-Mandalay railway, led by the Japan International Cooperation Agency, is scheduled to start next year and should be complete […]

MPU Card reaches 1.8 million users

THE number of MPU credit card users has reached 1.8 million people in Myanmar. The Myanmar Payment Union credit card can be used to make direct payments from a Myanmar bank account. “Electronic bill payment systems appear more often in the financial matters of local enterprises and can contribute to economic development,” said U Zaw […]

UK, Japan help in Myanmar’s urban planning

YANGON – Both seek greater involvement in infrastructure investment The United Kingdom and the Japan International Cooperation Agency have agreed to cooperate in an urban development planning project targeting Mandalay, Pathein of Ayeyarwaddy region and Mawlamyaing of Mon state. The six-month data collection survey of the regional cities started in January. The team consists of […]