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Myanmar to borrow more than 1.4 billion baht for more electricity

The Pyidaungsu Hluttaw has approved the borrowing of 1.4 billion baht from Thailand’s Neighbouring Countries Economic Development Cooperation Agency (NEDA) to supply more electricity in Yangon Region. With this loan, the Ministry of Electricity and Energy will make sure that Yangon’s power distribution system is improved and the frequency of power shortages reduced, said deputy […]

Myanmar gears up investment promotion with ‘bold’ plan

Though some international companies are still in a wait-and-see mood before pouring their money into Myanmar, the nation remains confident that it can attract heavy investment this year, thanks to its ambitious Myanmar Investment Promotion Plan (MIPP). Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations, said at a workshop […]

Myanmar’s farmers go hi-tech

\ According to the World Bank, Asia supports the food demands of 60 percent of the global population by using just 23 percent of the world’s agricultural land. Due to an increasing population and decreasing land mass, the role of technology in agriculture is key. This is where the booming start-up scene in Southeast Asia […]

Singapore surpasses China as Myanmar’s biggest investor

Singapore has overtaken China as the country’s main source of foreign investment in 2019, according to data from the Ministry of Investment and Foreign Economic Relations. At a meeting on streamlining investment in Nay Pyi Taw last week, U Aung Naing Oo, the ministry’s permanent secretary, said, “The top investor in Myanmar through December 2018 […]

Anti-Corruption Commission opens office in Mandalay

The Anti-Corruption Commission of Myanmar opened an office in Mandalay on Sunday, and two people were already waiting in line to file complaints. The Mandalay branch is the second opened by the commission, following the opening of its Yangon office on March 16. The office was opened on land owned by the Ministry of Industry […]

Japan retailer Aeon opens hypermarket in Thanlyin

Japanese retail giant Aeon Co opened a hypermarket in Thanlyin township, Yangon Region, on Friday, seeking to cash in on the growing retail sector in Myanmar’s emerging economy. The Aeon Orange Thanlyin Sakura opened in the country’s commercial capital, selling home electronics, clothing and other household products in addition to the food already offered at […]

Myanmar Pilot Safely Lands Plane on its Nose After Landing Gear Failure

YANGON- A Myanmar pilot safely landed a passenger jet without its front wheels on Sunday, after landing gear on the Myanmar National Airlines (MNA) plane failed to deploy, the airline and an official said. It was the second aviation incident in Myanmar this week, after a Biman Bangladesh Airlines plane skidded off the runway during […]

Coffee entrepreneurs seek success in Myanmar’s poorest state

Young people from Myanmar are starting businesses to escape poverty in Chin, the country’s poorest state in Southeast Asia’s least developed country. Chin is a mountainous state in western Myanmar. Its per capita gross domestic product was around 760,000 kyat ($500 at the current exchange rate) in 2017, only about a quarter that of Yangon, […]

Rolling blackout to continue until end of May: minister

The frequent power outages happening across Myanmar currently are due to electricity load reduction and the Ministry of Electricity and Energy says this will continue until the end of May. All parts of Myanmar, including Yangon Regions which utilises up 50 percent of all electricity produced in the country, will experience the outages. The rolling […]

Fulfilling the national electricity requirement

Summer is here, and people across Myanmar are sharing electricity produced by power utilities that are struggling to meet the demand. The commercial capital of Yangon has implemented a turn-based electricity distribution system to provide equal power to all townships. Acknowledging the inconvenience caused by this, the authorities have expressed the hope that Yangonites will […]