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Chinese, Norwegian investors to study projects in Chin

Chin State government officials say that they have expressions of interest from foreign investors to invest in power-generation projects in the state. This was revealed to The Myanmar Times by Chin State Minister of Development, Electricity and Industry U Soe Htet. The state is among the least developed in the country and is also the […]

7 new power projects aim to satisfy additional power demands NEWS

Ministry of Electricity and Energy is implementing seven new power projects in order to generate an additional 1,000 MW, said Deputy Minister for Electricity and Energy Khin Maung Win, at a ceremony to open the 66-MW gas-fired power plant in Magway Township in Magway Region. In the summer of 2019, the power plant generated up […]

Yangon Parliament Urges Regional Govt to Seek Legislature’s Approval for Projects

YANGON—A regional parliament committee that scrutinizes government projects has suggested the Yangon government administration seek the parliament’s approval for 12 projects—worth at least US$10 billion (15.3 trillion kyats)—that the Yangon government aims to build in fiscal 2019-20. The Yangon government submitted a regional planning bill to the parliament last week that includes 149 projects slated […]

Myanmar to use US$1 billion loan for infrastructure projects

Economic development, agriculture, electricity, and infrastructure projects will be the focus of a framework for loans between South Korea and Myanmar. On September 3, Union Minister for Investment and Foreign Economic Relations U Thaung Tun and South Korea’s Minister for Foreign Affairs Ms Kang Kyung-wha signed the framework agreement under which South Korea will provide […]

Despite unrest, Rakhine State still attracting foreign investor interest

Foreign investors are still showing interest in Rakhine State despite sanctions and international pressure applied due to the political unrest. And now that the state has better access to electricity, conditions are looking better for businesses to enter the state or expand. Projects related to China’s Belt and Road initiative remain a focus, with the […]

Local government warns tardy cement plant projects in Myanmar

Myanmar: U Aung Kyaw Thu, the Hluttaw representative of Mon State Parliament and chairperson of the public budget scrutiny, finance planning and economics matters review committee has warned that cement plant projects granted licenses by the Myanmar Investment Commission (MIC) that have not implemented their plans will not be granted permission to extend their licenses. […]

Mottama Development opens new property gallery in Yankin

Real estate developer Mottama Development Group Co. launched a new property gallery at Maha Land Centre, Kabaraye Pagoda Road to showcase its latest premium office towers, malls and public recreational zones in Yangon on June 29. The projects are expected to contribute to Yangon’s gradual transformation into a metropolis, while creating jobs and elevating the […]

World Bank warns Myanmar to double electricity sector investment

YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment […]

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, […]

Only if projects win confidence and support of local people from participating countries in BRT, can their aims be achieved

Only if projects win confidence and support of local people from participating countries in BRT, can their aims be achieved. Trust and support of the local people matters most, said State Counsellor Daw Aung San Suu Kyi. The remarks came from the speech of Daw Aung San Suu Kyi delivered at the High Level Meeting […]