Can Myanmar achieve its power goals?

Although less than 60% of Myanmar households have access to the national grid, the Ministry of Electricity and Energy (MOEE) believes the country is still on target to connect the whole of its population by 2030. At its first quarter meeting this wee

China signs MOU for Mandalay-Rakhine railway

China and Myanmar signed an MOU this week for a new 650-kilometer railway line connecting Mandalay with Kyaukpyu, Rakhine State. The new railway will join with another planned line from Mandalay to Muse, creating an unbroken line from the Bay of Beng

Irrawaddy Green Towers sold for USD 700 million

CVC Capital Partners has bought Irrawaddy Green Towers Ltd. in a deal reportedly worth USD 700 million — the second biggest of its kind in Myanmar. The finalized agreement, which will be CVC’s first Myanmar acquisition, confirms earlier repor

Dawei border highway underway

Construction on a new highway from the Dawei Special Economic Zone (SEZ) to the Thai border will begin next year. The highway, which will be backed by a low-interest loan from Thailand, will connect Dawei with the border town of Htikhee, cutting land

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