Prominent Academic Warns of ‘Cowboy’ Education Providers

A prominent British academic has applauded the strong desire for further education among Myanmar’s youth but also cautioned against opportunistic establishments looking to take advantage of an emerging market. Dr John Quelch, dean, vice president and distinguished professor of international management at the China Europe International Business School (CEIBS) in Shanghai, visited Myanmar last week […]

National Reconciliation Key in Myanmar’s Development: ADB

While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people from across the globe have been busy attending seminars and meetings on the 50th annual meeting of the Asian Development Bank (ADB). […]

Yoma Strategic and Norfund to build distributed power networks in Myanmar

Yoma Strategic Holdings Ltd. has announced its partnership with Norfund, a Norwegian state-owned investment fund, to establish distributed generation micropower plants and mini grids for the purpose of generating and distributing electricity to off-grid rural communities and telecommunications towers in Myanmar. According to a statement, electricity infrastructure development is a priority for Myanmar to drive […]

IFC launches its sustainability guidelines in Myanmar language

Arm of world bank guides local companies on managing environmental, social risks The International Finance Corporation, a private sector arm of the World Bank Group, last week released a Burmese version of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governments […]

IFC launches its sustainability guidelines in Myanmar language

The International Finance Corporation, a privatesector arm of the World Bank Group, last week released a Burmeselanguage verฌsion of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governฌments on identifying and managing environmental and social risks to achieve sustainability. Bernard Sheahan, […]

World Bank to Loan $100 Million to Myanmar Financial Development Project

WORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich Zachau, country director, Southeast Asia, East Asia and Pacific […]

Yangon Power Company Readies Budget for System Improvements

The Yangon Electricity Supply Corp (YESC) will spend Ks 17,618.473 million on power distribution in fiscal 2017-18. The regional government will implement the projects with loans from the Asian Development Bank, the World Bank and the Japanese International Cooperation Agency. In an bid to upgrade the power distribution system, YESC will carry out the construction […]

Waiting for Grid to Arrive, Myanmar Villages Switch on Solar

NYAUNG KONE, Myanmar, March 29 (Thomson Reuters Foundation) – For generations, residents of this farming village in central Myanmar had a set rhythm to their day – waking up with the sunrise and going to sleep after dark. Diesel generators and batteries were for the privileged few, while the candles used by most were a […]

Myanmar, Netherlands Plant Seeds of Accord

Myanmar and the Netherlands have planted the seeds of cooperation to develop the local agricultural sector, especially the development of high yielding crop seeds. A ceremony to mark the program was held in Nay Pyi Taw on Tuesday, which sees the Netherlands sharing its vast research and development in seed technology with Myanmar, whose economy […]

Local Tech Firm Hopes to Find Partner for Fibre Infrastructure Project

Local tech company Myanmar FPT is looking for a local partner for a two phase, $50 million fibre infra­structure development. Myanmar FPT, owned by Vietnamese company FPT Corporation, has said that the first phase of the project, the National Web Portal, would begin later this month. “We hope to start work next month after Thingyan […]