Yangon Stock Exchange launched Online Trading System for securities companies

On December 26, 2017, SECM granted the approval for online trading to a handful of securities companies, which passed online trading tests and are ready for the system. The companies are the Myanmar Securities Exchange Center (MSEC), KBZ Stirling Coleman Securities (KBZSC), CB Securities and AYA Trust Securities. They will be ready to offer services […]

ADB Appoints New Country Director for Myanmar

The FINANCIAL — The Asian Development Bank (ADB) has appointed Newin Sinsiri as its new Country Director for Myanmar. Mr. Sinsiri will lead ADB operations in Myanmar and supervise the effective implementation of ADB’s Country Partnership Strategy, which aims to help the country achieve sustainable and inclusive economic growth and job creation for poverty reduction […]

Kayin state struggles expose Myanmar’s energy dilemma

Myanmar’s renewed interest in coal carries broader risks for the administration. But although a more forward-thinking approach towards greener energy is desirable, renewables come with their own problems. Local and national opposition to a proposed coal plant in Kayin state, eastern Myanmar, has exposed Myanmar’s energy security dilemma. Activists argue the project will have a range of […]

Thirty development projects in pipeline in Mandalay through fiscal 2020-21

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

‘One Belt, One Road’ Welcomed With Some Caution

China is convening from Sunday a large two-day summit in Beijing to tout its ambitious “One Belt, One Road” development strategy. The initiative proposed by China’s leadership seeks to promote massive infrastructure projects, spanning 65 countries in Asia and Europe and about 40 percent of global gross domestic product. Many Asian countries, including populous Indonesia […]

National Reconciliation Key in Myanmar’s Development: ADB

While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people from across the globe have been busy attending seminars and meetings on the 50th annual meeting of the Asian Development Bank (ADB). […]

Yangon Power Company Readies Budget for System Improvements

The Yangon Electricity Supply Corp (YESC) will spend Ks 17,618.473 million on power distribution in fiscal 2017-18. The regional government will implement the projects with loans from the Asian Development Bank, the World Bank and the Japanese International Cooperation Agency. In an bid to upgrade the power distribution system, YESC will carry out the construction […]

Tender to Be Called for Highway Upgrading

Subscribe to our tender alert mailing list The Ministry of Construction will call for international firms to tender for upgrading works on a 40-mile section of the Yangon-Nay Pyi Taw-Mandalay Highway starting at Yangon, the ministry’s Permanent Secretary U Kyaw Lin said on April 10. The upgrading works, which will use an Asia Development Bank’s […]

Waiting for Grid to Arrive, Myanmar Villages Switch on Solar

NYAUNG KONE, Myanmar, March 29 (Thomson Reuters Foundation) – For generations, residents of this farming village in central Myanmar had a set rhythm to their day – waking up with the sunrise and going to sleep after dark. Diesel generators and batteries were for the privileged few, while the candles used by most were a […]

British Trade Mission Targets ASEAN Integration

The UK Department of International Trade (DIT) is leading a trade mission to Southeast Asia and the delegation will visit Myanmar on March 30 and 31. The trade mission focuses on infrastructure, energy and education. Before coming to Myanmar, the trade mission to Asian Development Bank (ADB) and Southeast Asia has met with the ADB at […]