ADB to loan $60m to improve energy sector

Bank says that poor infrastructure is resulting in a high level of electricity losses, while upgrades are necessary Nearly one-fifth of electrical power is lost before it reaches consumers because of ageing infrastructure, said the Asian Development Bank (ADB), which announced last week it will lend Myanmar US$60million to improve the electricity distribution system in […]

Japan tire companies to buy raw rubber products from Myanmar

Japan tire companies are planning to import raw rubber from Myanmar, sources say. Japan needs approximately 700,000 to 800,000 tons of rubber per year for its tire companies. Technicians from Japan will provide technical aid to the Myanmar rubber industry to match Japan market standards. Japan has planned to buy the rubber once it matches […]