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Viability of infrastructure projects essential for investments

Sean Turnell, economic adviser to the State Counsellor, said the country’s macro-economy is “remarkably robust and resilient” despite the odds during the Myanmar Global Investment Forum by Euromoney held in Nay Pyi Taw yesterday. The adviser cited the World Bank’s estimate of 6.7 percent GDP growth in 2018-19 and said that the budget deficit has […]

Far from a ‘debt trap’, China’s belt and road allows countries like Myanmar to leapfrog poverty

Andre Wheeler says Western critics overlook the holistic and long-term benefits that China’s multilateral infrastructure investment programme brings to countries like Myanmar. What’s more, they aren’t offering any alternatives A plethora of articles have discussed the risks associated with China’s Belt and Road Initiative. The discussion is often portrayed within a “winners versus losers” framework, […]

Implementation of infrastructure projects through PPP is effective

Today, countries throughout the world are facing complicated challenges in various sectors, which cannot be overcome single-handedly. Countries having similar cultures, historical backgrounds and ideologies must unite to confront these challenges. This is the best way to convert global challenges into regional opportunities for inclusive sustainable development. Over the past 14 years, we have witnessed […]

IFC, YCDC to improve construction permit system

The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]

Kayin State opens tender for Hpa-an mall

The Kayin State government is calling tenders for building the first shopping mall in the state capital of Hpa-an, a senior planning official said. U Than Naing, minister of the municipality as well as of the planning and finance departments of the state government, said the project was planned to be built within a two-and-a-half-year […]

Department to call for tenders to upgrade three domestic airports

Subscribe to our tender alert mailing list The tender call invites developers who are interested to upgrade the infrastructure projects through a public-private partnership (PPP) system, U Ye Htut Aung, deputy director general of DCA told The Myanmar Times. Public-private partnerships between a government agency and private-sector company can be used to finance, construct and […]

Singapore’s export agency to focus more on Myanmar, Cambodia and Indonesia

Trade agency IE Singapore has tied up with two new partners to organise more business workshops that will focus on South-east Asia, especially Myanmar, Cambodia and Indonesia. The new partners – Ngee Ann Polytechnic and Human Capital Singapore – have joined existing partners Singapore Business Federation and Singapore Chinese Chamber of Commerce and Industry in […]

Thai-Myanmar council pushes for more ties and investments

Thai businesses are ramping up ties with their Myanmar counterparts in five main areas — agriculture, border trade, energy, industrial development and tourism — to tap into vast investment opportunities in the neighbouring country. Panitarn Pavarolavidya, chairman of Thai-Myanmar Business Council, said the council’s first meeting held in Yangon on Feb 3 focused on the […]

More Thai investors eyeing to enter Myanmar despite concerns

Officials at the Royal Thai Embassy in Yangon say business people from their country will not hesitate to invest in Myanmar’s swiftly expanding economy as it presents immense opportunities despite some concerns. The fact that the two countries share a 2,400 kilometre-long border presents an opportunity for increased border trade as the launch of the […]