Myanmar devises roadmap for expansion of Yangon city

YANGON, June 24 (Xinhua) — Myanmar’s Yangon regional government has formed a new firm to draw up a roadmap to undertake expansion of the financial center to make it a business-friendly and livable city. The first and second phases of the huge project of the New Yangon City Development Company (NYCDC), which is fully owned […]

Jica’s Dawei port survey ‘ready soon’

The Japan International Cooperation Agency (Jica) is set to finalise a draft of the development survey of the Dawei deep-sea port project in Myanmar by the end of this month, said Transport Minister Arkhom Termpittayapaisith. Mr Arkhom made the statement after meeting the Jica delegation led by Kimio Takeya, distinguished technical adviser to the Jica […]

Bangladesh Government plans to import 9000 MW of power by 2041

The Bangladesh government is planning to import 9000 megawatts (MW) of power from Bhutan, Nepal, Myanmar, and India by the year 2041. The initiation of ‘Cross Border Electricity Trade’ to increase cooperation among Saarc countries is going on in full pace. Though there have been many achievements in the production of electricity, in reality the […]

Signing of Japanese ODA Loan Agreement with Myanmar: Comprehensive support for socioeconomic development

On March 29, the Japan International Cooperation Agency (JICA) signed loan agreements with the Government of the Republic of the Union of Myanmar in Nay Pyi Taw, the capital city, to provide Japanese ODA loans of up to a total of 117.04 billion yen for four projects. Under a new administration led by the National […]

Myanmar to tender rail modernisation projects

THE government of Myanmar is expected to issue international tenders in the coming months for the upgrading of the country’s main rail arteries, according to reports in the local media. A report by Eleven News Myanmar on March 22 quotes Mr Kyaw Kyaw Myo, assistant general manager for the country’s Ministry of Railways as saying […]

Government “ready” to offer loans to SMEs

The country’s biggest business and industry advocacy group has called on the government to change its policy on loans to better cater for the needs of small businesses.The government needs to change its loan policy, decrease interest rate, increase loan period and support the acquisition of technical know-how for SMEs, U Wai Phyo, Union of […]

China Faces Increasing Competition in Myanmar

Chinese domination of Myanmar can not be denied, as China is Myanmar’s top trading partner, and over the past three decades has also emerged as the single largest source of foreign direct investment (FDI) in the southeast Asian state. Myanmar-China bilateral trade had already reached $5.5 billion in the first half of the present fiscal […]

Education always a major focus for Japan’s bilateral cooperation with Myanmar

Myanmar and Japan enjoy a long-standing strong bilateral relationship across a wide range of political, economic, social and cultural spheres. Reflecting this, Japan’s economic cooperation to Myanmar dates back to as early as 1954. Throughout the history of the bilateral cooperation, education has always been a major area of focus, as Japan sees it as […]

Parents in the dark regarding basic education reforms

To meet international standards, the new curriculum – focusing on requisites for the 21st century – was drawn up by local and foreign experts Over the past five academic years, a noticeable change in Myanmar’s education sector – which was gradually undergoing transformation since 2010 – was the reformation of its basic education curricula. Commencing […]

Japan’s aid agency downplays possible clash with China’s BRI

For decades, Japan poured development aid into its own backyard of South-east Asian nations, and reaped the dividends of peace, stability and prosperity in Asia. But some say the Japanese policy of building infrastructure to smoothen regional trade may come into conflict with China’s Belt and Road Initiative (BRI) that aims to develop trade routes […]