Burma looks to hike the planned share of hydropower in its energy mix at the cost of polluting coal as it tries to attract foreign investment.
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This week’s business news: rice exports suspended; foreign firms bid for gas venture; first Malaysian bank opens; Japan pledges to Rangoon rail project.
Burma’s parliament on Thursday approved a series of international loans to improve the country’s infrastructure, state media reports. The South Korean Economic Development Cooperation Fund will loan Naypyidaw US$137.83 million[…]
Mitsubishi Corporation and Hitachi Ltd have been awarded a contract to supply and install a new train signalling system between Rangoon and Mandalay. The 2.4 billion yen (US$20 million) contract,[…]
Japan International Cooperation Agency (JICA) is helping Burma’s Ministry of Railway Transportation upgrade the Rangoon-Mandalay railway and make it suitable for trains which travel 100km/hour. Although the project is nearly[…]
Karen activists have again confronted JICA, saying they are being shut out of discussion as a string of development projects are planned.
Speaking at a meeting between government officials and World Bank representatives, Burma’s Minister of Electric Power Khin Maung Soe said the government has drafted a plan to bring electricity to[…]
Around 4,500 people who are living on land that has been earmarked to be used by the Thilawa Special Economic Zone meet with operators and investors of the project.
Three villagers from Rangoon’s Thilawa Port area submitted a formal complaint on Monday to the Tokyo headquarters of Japan International Cooperation Agency (JICA), which is leading the controversial development of[…]
Leasehold rights for operations in Thilawa Special Economic Zone (SEZ) went on sale on Monday, available in 50-year terms with an optional extension of 25 years. Myanmar Japan Thilawa Development[…]