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FDI inflow expected to hit nearly six billion USD this FY

The inflow of foreign direct investments (FDI) is expected to hit nearly six billion US dollars in 2018-2019 fiscal year, according to Myanmar Investment Commission (MIC). From October, 1 to April 26 of this fiscal year, the total FDI reached 2546.905 million US dollars. At its meeting held at the Directorate of Investment and Company […]

Yangon’s mass rapid transit to receive Japan aid

The Japanese government will provide overseas development assistance for the Yangon Urban Mass Rapid Transit (YUMT) project, according to Japanese Ambassador Ichiro Maruyama. The Ministry of Transport and Communication (MOTC), with help from Japan International Cooperation Agency (JICA), drafted the development plan for Yangon’s urban transport from 2016 to 2035. The project, also known as […]

Construction of Yangon’s Outer Circular Road to Begin by Year End

YANGON—Myanmar’s Ministry of Construction has announced it will construct two circular roads inside and outside Yangon with the assistance of the Japan International Cooperation Agency (JICA). Construction of the outer road is to be divided into four phases and will start with the eastern section, according to U Kyi Zaw Myint, deputy director general of […]

More projects to ensure sufficient water supply to Yangon : YCDC

To ensure water supply to the growing population of Yangon, the Yangon City Development Committee plans to consecutively implement more projects until 2040, said U Myint Zaw Than, deputy section head, Department of Engineering (Water and Sanitation), under the YCDC. “The YCDC and the Japan International Cooperation Agency (JICA) are jointly drafting a master plan […]

New Thanlyin bridge project gets go-ahead

The acceptance of a loan from the Japan International Cooperation Agency (JICA) which will be used for the construction of a second bridge across the Bago River connecting Thanlyin and Yangon has been approved, said a Pyithu Hluttaw MP U Lwin Ko Latt. The first instalment on the JICA loan totals US$36 million (K56.1 billion). […]

Ayeyarwady Region Investment Fair on 30th Nov to 1st Dec 2018 at Ngwe Saung Beach

The Ayeyarwady Region Investment Fair is jointly organized by Myanmar Investment Commission (MIC), Japan International Cooperation Agency (JICA), Ayeyarwady Region Government and supported by Japan External Trade Organization (JETRO) and Myanmar Survey Research (MSR). The Ayeyarwady Region Investment Fair will be held at Yamonnar Oo Resort Hotel, Ngwe Saung Beach, Pathein Township on November 30, […]

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 […]