Category: Highlights

Chinese-backed Kyaukphyu deep-sea port project gets real

Chinese firm CITIC has invited interested companies to submit a bid in order to conduct social and environmental assessments for the construction of its Rakhine-based Kyaukphyu deep-sea port project. Proposals are due by the first week of February. T

Read More

Fourteen new investments approved including four solar projects

In its first meeting of the year, held virtually, the Myanmar Investment Commission (MIC) approved 14 new investments proposals and increase in capital in 4 existing projects, the Ministry of Information announced. The approved investments in the ene

Read More

Myanmar signs PPA to buy energy from Thai firm

The Ministry of Electricity and Energy’s Electric Power Generation Enterprise signed a power purchase agreement with TTCL Power Myanmar, a subsidiary of Thailand’s TTCL Public Company Ltd, last week. The Irrawaddy reported that TTCL plans to

Read More

Singapore tops FDI list, Myantrade to open office to support exports

Singapore has been the top source of foreign direct investments (FDI) into Myanmar since 2012. Things haven’t changed over the first quarter of the current financial year that started on October 1st 2020, according to the data released by the D

Read More

International partners, individuals chip in for vaccination campaign

After approving a first loan to address COVID-19 worth USD 356.5 million in June last year, the International Monetary Fund (IMF) approved a second emergency loan to Myanmar, valued this time at USD 350 million. The investment “will help address My

Read More

Tourist arrivals drop 75% YoY

Less than 1 million tourists have visited Myanmar in 2020, a drop of more than 75% compared to 2019 (4.4 million) said the Deputy Minister of Hotels and Tourism, U Tin Latt, during a National Tourism Development Central Committee meeting held earlier

Read More