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Can Myanmar’s economy fulfil its potential?

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> With gross domestic product (GDP) growth consistently above 5 percent throughout this decade, and in double digits for much of the previous decade, Myanmar has been one of South East Asia’s fastest-growing economies for quite some time. What’s more, this newly liberalised nation is being touted to likely continue growing expeditiously well into […]

Myanmar electricity rates to soar next month

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> Electricity rates will increase substantially from July for both residents and businesses in the first changes in tariffs for five years, the government has announced. Monthly bills for consumers of 100 units will go up by over 70 percent. Investors in the energy sector and analysts welcomed the increase, however. Myanmar’s present electricity […]

An electric bus leapfrog for a cleaner, healthier Yangon?

More cars, buses and trucks on the roads are driving air pollution higher in Yangon. In 2018, a team of Japanese and Myanmar researchers found the city had unhealthy levels of what scientists call PM2.5 – soot 100 times thinner than a human hair. According to their article, published in Environmental Health and Preventative Medicine, […]

Myanmar to hold regional investment forum in Yangon

YANGON, May 6 (Xinhua) — Myanmar will hold a regional investment forum in Yangon, the commercial capital of Myanmar, later this week, in order to increase investment and attract more investors in the region, according to the Yangon region government on Monday. The two-day Yangon Investment Forum-2019, scheduled to be held on Friday and Saturday, […]

Private capital needed to fund required infrastructure

Unlocking investment from the private sector is necessary for Myanmar to fund its building of transport infrastructure, speakers at a construction sector forum said. Bankability and risk-sharing would be the two key criteria to incentivise businesses to take part. Recently, the European Chamber of Commerce Myanmar (EuroCham) held the first construction forum in Yangon. The […]

Nine sectors to have priority under the China-Myanmar Economic Corridor

Myanmar is prioritising nine sectors covering infrastructure projects under the China-Myanmar Economic Corridor although more specific details as to which of the projects have been chosen remain under wraps. These sectors, part of the Myanmar Sustainable Development Plan, include electricity, road, bridge, telecommunication, basic construction, agriculture, transportation, research and technology. Union of Myanmar Federation of […]

IFC report recommends alternatives to high-risk Myitsone

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

Ministry of Planning and Finance to set up Project Bank

‘The project bank will enhance transparency and competitiveness’: U Set Aung The Ministry of Planning and Finance is preparing to launch an interactive and publicly accessible online “project bank” containing priority initiatives that have been screened and approved by the government for their positive impact on economic and social development. The initiative aims to overhaul […]

Invest Myanmar Summit 2019, 28-29 January 2019 Nay Pyi Taw

Invest Myanmar Summit 2019 is a collaboration between the Union Government of Myanmar, the Region States of Myanmar and the business community to create a platform for businesses to meet. The two-day event is designed to provide international and local investors the opportunity to discover the investment potential of Myanmar. It is a platform where […]

Project bank to facilitate infrastructure development established

A Project Bank of Public Investment Programs to facilitate major project proposals from the States and Regions has been established under the Myanmar Sustainable Development Plan (MSDP), Minister of Planning and Finance U Soe Win said during the 2018 Commerce Fair held in Yangon on December 1. “Currently, Myanmar still lacks basic infrastructure. If this […]