Myanmar Signs Agreement With Asian Development Bank to Boost Transport Infrastructure

​​ The Asian Develop­ment Bank (ADB) and Myanmar have signed an advisory servic­es agreement to improve transport through public-private partnerships. ADB will provide stra­tegic and transaction ad­visory services to support the Myanmar govern­ment’s bid to identify and develop transport pro­jects, the agency said. “Improving Myanmar’s transport infrastructure is critical to achieving inclu­sive growth in the […]

Singapore and China top in FDI

Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the list with a foreign direct investment (FDI) of US$2,529.803million from April to the end of October this fiscal year, followed by China with […]

Hanthawaddy Intl Airport Awaiting Loan From Japan

Hanthawaddy International Airport, a state-of-the-art airport project slated for development in Bago Region, will be ready for construction once the Myanmar receives the US$706 million loan pledged by the Japanese government, said an official from the Ministry of Transport and Communication. “The feasibility report and final report have been done. But Japan’s overseas development aid […]

Vehicle inspection system blocked by absence of by-laws

DESPITE securing Japanese financial assistance to mechanicalise vehicle inspection protocol of the Road Transportation Administration Department, the Pyithu Hluttaw Transport, Communication and Construction Committee has announced the absence of motor vehicle by-laws is hindering the process. “The current method of vehicle inspection poses great danger as it is conducted in person by department staff. The […]

Mandalay’s SP Bakery expand to Yangon

Mandalay-based SP Bakery has opened its first shop in Yangon in a bid to grab a share of the bakery market of the commercial hub of the country. SP (San Pya) Bakery has six self-operated retail outlets in Myanmar’s second largest city, Mandalay. “We opened the Yangon branch to penetrate the food industry of Yangon […]

Myanmar’s Telegram System Still Active

Despite the arrival of modern technology, an older form of communication is alive and well. On a street stacked block by block with colonial British buildings, the Government Telegraph Office doesn’t particularly stand out. Like so many of its neighbors, the façade is grimy and crumbling. There always seems to be a soft trickle of […]

Telecoms keep improving but expectations are high

The mobile race is nearly in full swing, though consumers need to be realistic as service rollouts across the country have years to go, industry observers say. The introduction of foreign telcos has already led to visible communications improvements, with SIMs now routinely sold at K1500 and speeds and communication reliability better than a year […]

Ooredoo Myanmar: Ready, Set, Go…

On August 4, I purchased an Ooredoo SIM card, and I felt like I was a part ofMyanmar history – well, almost. My first visit to Myanmar in 2004 offered the most rudimentary access to internet. Internet cafes proved to be a waste of time given that I was unable to access email or very […]

Central Bank VP paints picture of hi-tech Myanmar

Satt Aung, the vice-president of the Central Bank of Myanmar, has painted a rosy picture of the not-too-distant future in a modern Myanmar where mobile banking and electronic transactions will be the norm for shopping, making payments and even paying for taxis. Addressing the Union Parliament on Wednesday on the subject of foreign bank operations […]

Foreign investment figures highlight China’s dominance

China’s long-held position as the biggest investor in Myanmar has been highlighted by government figures showing it has accounted for nearly a third of all approved foreign investment since 1988. The figures, obtained by Mizzima from the Myanmar Investment Commission, show that of the $43.735 billion in approved investment since 1988, Chinese companies accounted for […]