JICA Updates 2040 Plan for Yangon Development

​​ The Japan International Cooperation Agency (JICA) has handed over an updated version of its 2040 master plan for Yangon’s development to the region government, which is waiting until it has received a bevy of other plans from other agencies before deciding which recommendations to adopt. Yasushi Tanaka, the director general for JICA’s Southeast Asia […]

Myanmar’s Rickety Railways Poised for a Revamp

​​ YANGON — As they pass Insein Station, a farmer and her fellow workers drag five huge bundles of vegetables to the front aisle of a railway car on the notoriously inefficient Yangon Circular Railway Line, forcing passengers to climb over the fresh produce if they want to enter or leave the carriage. The group […]

Hlegu Lures Speculators

​​ Speculators with their eyes on Hlegu township are turning the area into a property price hotspot, according to real estate agents. The property market in Yangon has been notoriously sluggish in recent years, but speculators are making an exception of Helgu, said Daw Thuzar May, director of Thit Sar property real estate agent. Real estate agents […]

Yangon water supplies to outlast hot season, says YCDC

Yangon has nothing to fear from El Niño, city officials say, despite warnings that the weather phenomenon will bring drought to many parts of the country. Thanks to advance planning, the reservoirs that supply the city’s drinking water are 15 centimetres (6 inches) higher than they were this time last year, they say. U Myo […]

Coal power central to gov’t energy plans

Myanmar’s energy sector will require investment of between US$30 billion and $40 billion over the next 15 to 20 years, and should focus on coal power, according to the government’s Energy Master Plan, published last month. Domestic energy consumption is forecast to almost double to 21.9 million tonnes of oil equivalent (mtoe) in 2030 from […]

JICA to offer SME Loans

The Japan International Cooperation Agency (JICA) is planning to provide loans for small and medium- sized enterprises (SME) in Myanmar, according to the vice president for the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “At least Ks 3 billion is set aside for the loan fund. JICA will provide the fund […]