World Bank has committed over $2b in Myanmar as of June

The World Bank is currently supporting 43 active projects in Myanmar, Cambodia and Laos, with commitments of over US$2.7 billion as of June, according to the World Bank’s press statement. Myanmar accounts for over half of the total commitment in the three countries. 13 projects and over $2 billion are in Myanmar, with the remaining […]

World Bank Appoints New Director for Myanmar, Cambodia and Lao PDR

The FINANCIAL — The World Bank has appointed Ellen Goldstein as its new Director for Myanmar, Cambodia and Lao PDR. In this position, she is responsible for strengthening the partnership with client countries while deepening the dialogue on economic reforms aimed at ending extreme poverty and promoting shared prosperity.  For the first time, the World […]

Myanmar women garment workers on study trip to B’desh

As part of its initiative to upscale the outreach of its social progamme for women workers in Myanmar’s garment industry, a European Union funded project called Smart Myanmar organized a study mission to women’s centres in Bangladesh to exchange ideas and share experiences which could be replicated in their own society. The mission, comprising seven […]

Russia and Myanmar to establish working body for nuclear technology

Russia and Myanmar will establish a working body this year for using nuclear technology, Russian officials said at an exhibition and forum in Moscow last week. The two countries signed a memorandum of understanding to cooperate in nuclear technology for peaceful purposes in June 2015. This was the first step to building a legal foundation […]

Strong quake hits northern Myanmar, shakes neighbouring countries

A 6.9-magnitude earthquake struck Myanmar on Wednesday, causing tremors around the region, including in neighbouring Bangladesh where scores were reported injured in stampedes and buildings were damaged. YANGON: A 6.9-magnitude earthquake struck Myanmar on Wednesday (Apr 13), causing tremors around the region, including in neighbouring Bangladesh where scores were reported injured in stampedes and buildings […]

The Nordic countries unite in Myanmar

The four Nordic countries have been working under the same roof in Yangon since 2012. What started as a practical arrangement has now developed into an innovative pilot project for Nordic cooperation globally. In order to celebrate the strong collaboration between the Nordic countries in Myanmar, and the move to our new premises, an Open […]

Myanmar Boom Wanes as Overcapacity Bites

When Myanmar opened to the world back in 2012, the country experienced a rapid expansion in air travel. Thirteen foreign airlines carried roughly 2 million international passengers. By 2014, the international market had jumped to 3.2 million passengers traveling with nine foreign airline groups, bringing the total number of international carriers to 22. But now the […]

BD to build 23km road inside Myanmar to connect with China

Bangladesh will build a 23-kilometre road from Gundam in Myanmar towards Kunming to connect with China to establish cross-border transport link among the three countries, Finance Minister AMA Muhith said Tuesday. “We will build 23-km road out of 170 kms which reaches from Gundam to Kunming as part of regional connectivity initiatives,” he told newsmen […]

Myanmar is the Latest Destination for Fast Fashion Producers

As Myanmar opens up after decades of isolation, cheap labor is drawing a rush of garment manufacturers to the former pariah state. [This article was originally published by Glammonitor. Just five years ago, Myanmar was isolated from the rest of the world. Considered a pariah state, the Southeast Asian nation was ruled with an iron […]

Myanmar: India Inc’s next big destination

Indian investments in the country stand at $273.50 mn, expected to soar to $2.6 bn Lighting Products Chalo Myanmar seems to be the new mantra of Indian industry, which is keen to tap the market there. From infrastructure to energy to aviation, Indian companies are trying to mark their presence in that country. Although a […]