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Myanmar to Upgrade Urban Infrastructure in State Capitals, Border Town

YANGON—The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ministry will take a leading role in developing the […]

FDI forecast to remain flat at US$5.8B in fiscal 2019-20

Myanmar is expected to draw foreign direct investments (FDI) totaling US$5.8 billion in the 2019-20 fiscal year beginning October 1, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company Administration (DICA) and Secretary of Myanmar Investment Commission (MIC). That is unchanged from the forecast for the previous fiscal year, which […]

Myanmar on track for economic growth, says ADB

The Asian Development Bank (ADB) has released its report on economic outlook of the region, including Myanmar, for this year. The Asian Development Outlook 2019 Update report, released on Wednesday in Manila, provides analysis of macroeconomic issues in developing Asia, including new growth forecasts by country and region for 2019 and for 2020. In the […]

Recruitment of Procurement Specialist & Financial Management Specialist, Ministry of Agriculture, Livestock and Irrigation, Closing Date 15 Jan 2019

The Republic of the Union of Myanmar, Ministry of Agriculture, Livestock and Irrigation, Climate-friendly Agribusiness Value Chains Sector Project Package No. CS-03: International Procurement Specialist Package No. CS-04: International Financial Management Specialist   The Republic of the Union of Myanmar has received a loan and grant from the Asian Development Bank (ADB) and Global Agriculture […]

Consultation on draft mining EIA guidelines begins

Comments are invited on the two draft documents intended to guide those undertaking Environmental Impact Assessments (EIA), Initial Environment Examinations (IEE) and Environmental Management Plans (EMP) for the mining sector, including gemstones and jade, before June 15. This serves as part of efforts from the Myanmar Centre for Responsible Business (MRCB) to follow up the […]

New Myanmar-China economic zone in the works

Negotiations are underway between Myanmar and China for the construction of a Chinese economic zone to promote Myanmar manufacturing and tourism, U Yan Naing Tun, director general of the Department of Trade under the Ministry of Commerce told The Myanmar Times last week. This comes after the two countries last year signed an MOU to […]

Interview with Myanmar’s transport and infrastructure chief

Picture a busy intersection in a Southeast Asian city, and you’ll find yourself surrounded by motorbikes revving and swerving through the traffic. Not in Yangon, though. Myanmar’s largest city banned motorbikes in 2003, making it fertile ground for building affordable and reliable public transport. For the first time in its modern history, the country is […]

Government to link Dawei to Mawlamyine station

Myanmar will invest in building the necessary infrastructure needed to link Dawei in Tanintharyi Region to a power station in Mawlamyine in Mon State, enabling Dawei to gain access to electricity, said Dr Tun Naing, deputy minister at Ministry of Electricity and Energy (MOEE). This will involve a 60-mile, 66 kilovolt power transmission line linking […]

ADB Partners with Yoma Bank to Support SMEs in Myanmar

The FINANCIAL — The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Yoma Bank on January 26 signed an agreement to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar. “We are excited to welcome Yoma Bank as the newest TFP partner,” said […]

YSH’s real estate head upbeat on their Yangon landmark project

Cyrus Pun, Executive Director of Yoma Strategic Holdings Ltd, says the Yoma Central is considered one of the largest foreign direct investments in Myanmar’s real estate sector with an investment of more than US$700 million. In a recent interview with Mizzima, Mr Cyrus Pun said the landmark project is important for the real estate sector […]