Prioritised sectors, new investment opportunities in Yangon laid out

At the Yangon Investment Forum on Wednesday, Yangon Chief Minister U Phyo Min Thein announced the five sectors his government intends to prioritise and in which Yangon welcomes foreign investments. U Phyo Min Thein said the trade, logistics, industry, public transport and energy sectors would be prioritised, adding that the Yangon deep sea port, development […]

JICA to fund new projects to replace old suspension bridges

The Japan International Cooperation Agency (JICA) will fund the construction of new bridges to replace ageing suspension bridges in some areas of the country, an official of the Japanese aid agency said. Among the new bridges that JICA will fund include the one that will replace the Gyaing suspension bridge in Kawkareik township of Kayin […]

Lien AID plans more clean water projects in remote rural Myanmar

Singapore’s Lien AID has been improving the health and well-being of remote communities in Asia by providing potable water and sanitation since 2006. The charity has been able to mobilise funds and technical skills to be able to deliver drinking water and sanitation services to 2800 villages, 270 schools and 50 health centres in Cambodia, […]

Thaketa gas plant commences supplying power in Yangon

More than 40,000 households will now receive electricity following the scheduled completion and opening of a combined-cycle gas power plant in Thaketa township, Yangon Region, over the weekend. The Power Purchase Agreement (PPA) was signed in January 2016. The 106 megawatt plant was built and will be operated under a 30-year joint venture between the […]

Government still negotiating LNG import, purchase price

The Ministry of Electricity and Energy (MOEE) is still negotiating the terms of several power purchase agreements (PPA) which will determine the amount of power that will be purchased and distributed to the public over the next three years. The PPAs are being discussed with parties involved in importing and converting liquefied natural gas (LNG) […]

Total to develop LNG project, continue offshore production work in Myanmar

Myanmar is planning to double the supply of electricity in the country over the next two years with power generated by liquefied natural gas (LNG) to meet an expected domestic shortfall. Last month, the Ministry of Electricity and Energy issued a “Notice to Proceed” to investors in four gas projects, which will collectively add 3,000 […]

New China-Backed Industrial Zone Being Constructed in Ayeyarwady

The Myanmar Investment Commission (MIC) has approved the construction of a new industrial zone in Maubin township, Ayeyarwady region, said MIC secretary U Aung Naing Oo. The Maubin Industrial Zone is now being developed on 250 acres of land in Maubin. Construction of the zone commenced in May this year, although official MIC permission was […]

New aquaculture economy emerged on rising fish demand

Domestic demand for farmed fish in Myanmar has risen substantially over the past 10 years, with many small-scale fish farms emerging across the Ayeyarwady region. That’s led to a budding economy of aquaculture-related businesses along the value chain as well as more innovative uses of new farming methods and technology. Between 2004 and 2014, fish […]

World-Class Aquarium to Open in Kandawgyi in April 2018

An aquarium of international standard is set to open in Kandawgyi in Yangon next April, according to U Phyo Min Thein, chief minister of Yangon Region. “Arrangements are being made to open an aquarium of international standard at Kandawgyi in April 2018,” he said. Fish breeding, prawn breeding and fish-keeping will be taught at a […]

Yangon-Dalla bridge construction gets underway

The Yangon-Dalla river bridge project will be started in January 2018 and currently ground clearing work is underway, a Dalla constituency legislator of Yangon Region Assembly said. The bridge will connect Hponegyi Road on the Yangon side with the Bominyaung Road on the Dalla side. Yangon Region Legislative Assembly Dalla Constituency 2 legislator Tun Yin […]