Timeline shortened for Dawei SEZ
Officials from Thailand and Myanmar are speeding up development of the Dawei Special Economic Zone (SEZ). Officials from the two countries discussed the longstanding SEZ project at a Myanmar-Thailand Joint Coordinating Committee meeting in Nay Pyi Ta
Chin State MPs claim regional budget unfair
Local Chin State MPs are dissatisfied with the way the central government plans to distribute their regional budget. Officials in the Chin State parliament are claiming the MMK 155.7 billion (approximately USD 100 million) budget, which the Union gov
Foreign investment reported to be on the rise
After a downturn in 2018, foreign direct investment (FDI) is picking up for Myanmar. An analysis by the Institute of Chartered Accountants in England and Wales (ICAEW) forecasts higher FDI. Also, they forecast the Myanmar economy to expand at 6.4 pe
Japanese replace Chinese in Yangon railway project
Myanma Railways has dropped its planned Chinese partner Sino Great Wall for Yangon’s new central railway station project. The Japanese firm Sumitomo has been selected as the new partner. The ambitious development in downtown Yangon will ta
South Korea to provide Infrastructure projects loan
Myanmar and South Korea have agreed upon a financing framework that will dole out loans totaling USD 1 billion. The loan will finance a wide range of infrastructure projects. The agreement was signed by Union Minister for Investment and Foreign Econo
