Irrawaddy Green Tower to sell for USD 700 million

Private equity firm CVC Capital Partners may soon purchase Irrawaddy Green Towers Ltd., Myanmar’s biggest cellular infrastructure company, for USD 700 million, a confidential source told Bloomberg. If successful, the deal would be the largest i

Japan loans USD 400 million for development

Japan and Myanmar have finalized a set of loans totaling around USD 409 million to develop Myanmar’s small and medium enterprises and to build a new bridge across the Sittaung River. Japanese ambassador to Myanmar, HE Ichiro Maruyama and deputy

ADB loans nearly USD 500 million for highway

Last week, the Asian Development Bank (ADB) approved a loan of USD 483.8 million for a new highway linking Bago with Kyaiktiyo, Mon State. The 64-kilometer highway will be a key component of the Greater Mekong Subregion (GMS) East-West Economic Corri
Dawei-Kanchanaburi road construction expected to start soon

USD 480 million loan approved for new highway

The Union Parliament approved a USD 483.8 million loan from the Asian Development Bank last week to construct a highway that will eventually connect Yangon with the east coast of Vietnam. The financing will help build the Bago-Kyaik Hto Expressway, a

Auditor general fears rising Chinese debt

A mere week after Myanmar celebrated 70 years of diplomatic relations with China, Auditor General U Maw Than has urged parliament to be wary of Myanmar’s growing Chinese debt. In a June 15 speech, Maw Than pointed out that China holds USD 4 bil

Government partners with Singaporean firm to complete infrastructure projects

The Ministry of Planning, Finance and Industry (MOPFI) has finalized an agreement with Singaporean firm Infrastructure Asia to help facilitate investment in new infrastructure projects. Under the deal, Infrastructure Asia will help the MOPFI connect