Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and […]

World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]

Multi-purpose container barge service starts

The Ministry of Transport and Communications has started the Inland Water Transport (IWT), a multi-purpose container barge service to transport goods along the Ayeyarwady River and containers in the Yangon River. The service was started to reduce transportation costs and relieve congestion on the road. Ten trips with 40 containers per trip were transported by […]

ADB eyes greater role in Myanmar road, port projects

MANILA — The Asian Development Bank will help Myanmar modernize its transportation infrastructure, such as roads and ports, seeing public-private partnerships as key to promoting projects. The Manila-based multilateral lender will serve as an adviser assisting the Myanmar government in such matters as drawing up plans, selecting contractors and procuring funds. The arrangement will be […]

The Root Cause of Unprecedented River Rise

The monsoon had not fully reached its peak yet, but most parts of the country, which lie along the paths of the major rivers, namely: the Ayeyarwady, Chindwin, Dotehtawady, Ngawun, Sittaung and Bago rivers are being seriously inundated. The most noteworthy is the news of the level of the Ayeyardy River at Nyaung Oo, which […]

Myanmar transport woes a $60 billion muddle

Fixing Myanmar’s transport woes may cost up to US$60 billion but inaction could be far more expensive, according to a new report. An analysis into Myanmar’s transport landscape by the Asian Development Bank (ADB) shows a country experiencing both crisis and opportunity. “Transport Sector Policy Notes” opens bluntly, “Due to massive underinvestment and neglect in […]

Mandalay association to build fuel tanks

A new public company formed by members of a Mandalay petroleum association intends to build 34 fuel tanks on the bank of the Ayeyarwady River, to refuel passing ships. The Myanma Energy Development Public Company will build tanks that can hold 2 million gallons of fuel on 48 acres of land, secretary U Kyaw Kyaw […]

MIC forecasts Mandalay foreign investment boom

Foreign direct investment to Mandalay Region will boom within two or three years, as a number of ambitious projects launch and connectivity improves, according to Myanmar Investment Commission secretary U Aung Naing Oo. Mandalay Region is currently in ninth place for foreign direct investment, receiving less than 10 percent of capital inflows, he said at […]

AmaWaterways Celebrates Inaugural Voyage of AmaPura in Myanmar

On Nov. 24, 2014, AmaWaterways, the world’s leading river cruise line, celebrated the inaugural sailing of its new 56-passenger all-suite AmaPura. Kristin Karst, the line’s executive vice president and co-owner, met travelers in Yangon to embark on the ship’s sold-out maiden voyage along the Ayeyarwady River in Myanmar. “AmaPura offers travelers an ultra-comfortable, elegant experience, […]