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Yangon-Pathein highway upgrade nears completion, new road discussed

A project to upgrade the 113-mile Yangon-Pathein highway is expected to be complete before the end of the current fiscal year in September, said U Win Htay, Ayeyarwady Region Electricity, Energy, Industry and Transportation Minister. The project, which involves widening the highway to 30 feet from 24ft, began on October 1, 2019 and is now […]

Factories in Myanmar’s Ayeyarwady Region to Close Ahead of COVID-19 Checks

Pathein, Ayeyarwady Region — All the garment factories in Pathein Industrial Zone will be closed until April 25, following the Ministry of Labor, Immigration and Population’s instruction that factories will await COVID-19 inspections. “We have ordered factories to close temporarily. They will only be allowed to open after inspection if they meet the requirements set […]

Invitation for Bids – National Electrification Project , Deadline : 6th April 2020

The Republic of the Union of Myanmar National Electrification Project Credit No 5727-MM Date: 6th March 2020 Contract Title: Installation of Distribution Lines and Transformers for Ayeyarwady, Mon and Bago (West) Reference No: MOEE-NEP-P2/C1-W7/2020 and MOEENEP-P2/C1-W8/2020 1. The Republic of the Union of Myanmar has received financing from the World Bank toward the cost of […]

Work on large LNG project in Ayeyarwady set to start in July

Work on a large liquefied natural gas (LNG) power plant in Mee Lin Gyaing, Ayeyarwady Region is expected to begin this year, officials of one of the companies involved with the project have told the Myanmar Times. The Ministry of Electricity and Energy (MOEE) originally approved the project, along with one in Kan Pauk in […]

China, Myanmar Firms to Invest $130m in Four Agriculture Centres

China’s state-owned CITIC Construction group, the Myanmar Rice Federation and Myanmar Agribusiness Public Corporation signed a cooperation agreement for the construction of agricultural centres in three key regions. The US$130 million (K197 billion) deal signed in Nay Pyi Taw last week will construct centres in Yangon, Ayeyarwady, Mandalay and Rakhine. “The project intends to upgrade the […]

Govt Promises to Meet Myanmar’s Rising Electricity Demand

Yangon — The Ministry of Electricity and Energy is hoping to expand electricity access to half of the population by December, according to Deputy Minister U Khin Maung Win. Of 10,877,832 households in Myanmar, 5,140,061 – or 47 per cent of the population – had access to electricity by October. The deputy minister told the […]

IFC report recommends alternatives to high-risk Myitsone

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

Inflation rate hits 4.29 pc in May

The average inflation rate in late May stood at 4.29 per cent, a slight increase compared with 4.12 per cent in late April, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation. In late May, Mandalay topped the list of inflation with 8.51 per cent, followed by Rakhine with […]