Prioritised sectors, new investment opportunities in Yangon laid out

At the Yangon Investment Forum on Wednesday, Yangon Chief Minister U Phyo Min Thein announced the five sectors his government intends to prioritise and in which Yangon welcomes foreign investments. U Phyo Min Thein said the trade, logistics, industry, public transport and energy sectors would be prioritised, adding that the Yangon deep sea port, development […]

JICA to fund new projects to replace old suspension bridges

The Japan International Cooperation Agency (JICA) will fund the construction of new bridges to replace ageing suspension bridges in some areas of the country, an official of the Japanese aid agency said. Among the new bridges that JICA will fund include the one that will replace the Gyaing suspension bridge in Kawkareik township of Kayin […]

Invitation for Bids, Department of Power, Transmission and System Control (DPTSC), Submission Date: 31 July 2018.

Loan Agreement No.MY-P8 dated 26/March/2015 IFB No. 1(T) DPTSC (PTP)/2018-2019 1. The Government of the Republic of the Union of Myanmar has received ODA Loan from Japan International Cooperation Agency (JICA). The Bid is invited by Department of Power Transmission and System Control (DPTSC) for the design, supply, installation including Civil and Building works of […]

SMEs need more funding, support system to expand further

Efforts to support small and medium enterprises (SMEs) over the past three years have so far not been sufficient to generate meaningful growth for the economy, experts said. While a higher volume of loans were dished out by state-owned and local banks, only a few SMEs have successfully expanded their operations in the past three […]

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone Sawako Utsumi and Lee Jay Walker Modern Tokyo Times Increasing numbers of Japanese companies are investing in the Thilawa Special Economic Zone (SEZ) in Myanmar. Of course, this SEZ is especially important for Japan because it highlights the importance of Myanmar to political elites […]

Railway reforms in Myanmar pick up steam

Since traffic congestion in Yangon has worsened due to the rise in internal migration, Myanmar has plans to speed up its railway sector reforms from this year onwards, according to a government official. Ba Myint, senior general manager and project director at Myanma Railways, said state-owned trains carried more than 47 million passengers last year, […]

New technologies needed as prawn, shrimp exports dwindle

Myanmar shrimp and prawn exporters are facing a growing shortage of supplies due to the erosion of their natural habitats and unsuccessful breeding techniques, according to a report analysing exports to Japan supported by the Japan International Cooperation Agency (JICA). A lack of preservation of fishery resources in Myanmar has led to a decline in […]

JICA Surveys Infrastructure Needs for Dawei SEZ

YANGON- A team led by the Japan International Cooperation Agency (JICA) is making a survey on the implementation of basic infrastructure, such as a deep sea port and electricity supply, in Dawei Special Economic Zone (SEZ), Taninthayi Region. This is according to Dr Tun Naing, Deputy Minister of Electricity and Energy, who is also chairman […]

China And Japan’s ‘New Great Game’ Intensifies In Myanmar

Throughout Asia the frontiers of investment are being pushed ever onward, gobbling up former backwaters in the hunt for cheap labor, natural resources, infrastructure deals, and the massive profits that can be made in the margins of a country transitioning from “emerging market” to “plain old market.” As the developed, investor countries of the world […]

New plans needed for rapidly growing Yangon, says housing director

The government needs to prepare plans to deal with a shortage of infrastructure and the increasing number of crimes, said Myint Naing, deputy director-general of the Urban and Housing Development Department at the Ministry of Construction. Yangon, with a population of over 5 million people, is also the country’s fastest growing city and will become […]