Investors asked to fund Yangon project bank

The Yangon Region government yesterday invited investments in projects included in the Yangon Project Bank, a pool of 80 priority projects located in the region. These include new city development, housing, redevelopment, industrial, port, fishery, agriculture, transportation and public space projects, which will be implemented under public-private partnership (PPP) agreements. Phase 1 of the New […]

Foreign business leaders join call for investments in Myanmar

The leaders of seven foreign business groups in Yangon have signed an open letter calling on investors abroad to put their money in Myanmar, stressing the critical role foreign direct investment (FDI) plays in the country’s transition. “Having been in isolation for so long, Myanmar now requires the broad regeneration of its economy to meet […]

Govt announces ‘project bank’ to get Myanmar building

The government has announced the launch of an online “project bank” which will change the way infrastructure programmes are planned, determined and funded. Speaking at the Invest Myanmar Summit in the capital city, deputy finance minister U Set Aung said the project bank will contain priority infrastructure initiatives which have been screened and approved by […]

Economic prospects for Myanmar favorable, but downside risks intensified: World Bank

While the economic outlook for Myanmar is looking “favorable,” with growth projected to rise to 6.8 percent in 2018-19 from 6.4pc before, the risks to those prospects have “intensified,” according to the World Bank’s Myanmar Economic Monitor (MEM), which was released in Yangon yesterday. Lower tourism arrivals resulting from the ongoing Rakhine crisis could weaken […]