fbpx

Myanmar accepts loan from Italy as foreign debt rises

Pyidaungsu Hluttaw has approved a €30 million interest-free loan from Italy which will be used to provide electricity to villages in Chin State and other rural areas in Myanmar. Under its agreement with Italy, Myanmar will begin repaying the loan over a period of 10 years starting 2036. The repayment amount will be €3 million […]

Ministry of Construction, Request for expressions of Interest, Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 9 July 2018.

IDA Credit 5889 – MM Assignment Reference Number: C1-C2-MOC- CS- 01 Assignment Title: Rural Roads and Highways Design and Supervision (Consulting) Firm Lot Project Office Project Site Contracting Agencies Lot 1 DOH project office Nay Pyi Taw Rakhine and Chin States Department of Highways Lot 2 DRRD project office Nay Pyi Taw Ayeyarwaddy, Bago, Magway, […]

Poverty Decreases, But Rural Areas Slower to Develop: Report

YANGON — The number of people in Myanmar living in poverty has decreased from 32 percent of the population in 2004 to 19 percent in 2015, according to a recent report. The World Bank and the Ministry of Planning and Finance analyzed data on living conditions from surveys conducted in Myanmar in 2004-5, 2009-10, and […]

China in Talks to Sell Electricity to Myanmar Amid Warming Ties

YANGON (Reuters) – Energy-hungry Myanmar is in initial talks to buy electricity from China, according to officials and documents reviewed by Reuters, in the latest sign of warming ties with Beijing under leader Aung San Suu Kyi. Since taking office in April last year, Suu Kyi has sought to repair relations that were strained when […]

Regional Govt to Build Bridges, Underground Road System

The regional government plans to build bridges and an underground road system to connect Yangon’s older and newer sections, announced Chief Minister Phyo Min Thein on July 11. “Yangon is densely populated, and the regional government plans to expand its area. We plan to build a new town on the opposite side of the Yangon […]

Solar panels light up thousands of homes in Kayin State

Over 11,000 rural households in Kayin (Karen) State are set to newly receive electricity thanks to a long-awaited solar panel program. Under the National Electrification Project (NEP), the World Bank and the Department of Rural Development are installing heavily subsidized solar panels, which were sold to villagers at a fraction of the real cost. The […]

World Bank has committed over $2b in Myanmar as of June

The World Bank is currently supporting 43 active projects in Myanmar, Cambodia and Laos, with commitments of over US$2.7 billion as of June, according to the World Bank’s press statement. Myanmar accounts for over half of the total commitment in the three countries. 13 projects and over $2 billion are in Myanmar, with the remaining […]

Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

World Bank Appoints New Director for Myanmar, Cambodia and Lao PDR

The FINANCIAL — The World Bank has appointed Ellen Goldstein as its new Director for Myanmar, Cambodia and Lao PDR. In this position, she is responsible for strengthening the partnership with client countries while deepening the dialogue on economic reforms aimed at ending extreme poverty and promoting shared prosperity.  For the first time, the World […]

How does mining benefit Myanmar?

Author: Jan Dharmabandu is a mining engineer and a Chartered Environmentalist attached to Perth based Ensys Consultants. This article originally appeared in the Global New Light of Myanmar on 30th May 2017 as “What is & Why Mining: a Perspective from Myanmar”.   Each year about 5 billion tonnes of minerals are mined from the […]