Myanmar and Japan signed the four Exchange of Notes for four loan projects, which will be implemented with the loan worth about 120,915 million Yen.The four projects are Yangon Sewerage System Development Project in Yangon, Urban Development Project for the reduction of traffic congestion and the damages affected by the flood in Yangon, the Power […]

India’s ambassador to Myanmar emphasised that all projects being undertaken by India in Rakhine State are aid projects for the welfare of the people of the state. Ambassador Shri Saurabh Kumar said this during a ceremony in Sittwe, Rakhine, to handed over 20,000 kits containing food and tarpaulins worth US$235,000 (K341 million) for people displaced […]

A number of energy projects, including emergency power plants, have been greenlighted by the Myanmar Investment Commission (MIC). The MIC in November 2019 approved the application of a joint venture between China National Technical Import and Export Corporation and Hong Kong-listed VPower Group for a 400MW  LNG plant in Yangon Region, involving US$360 million, and […]

Mobile financial services provider Wave Money and payments platform 2C2P on Tuesday signed an MoU to deliver online payment services for WavePay users nationwide. The move marks Wave Money’s expansion into digital payments for the airline, hotels and retail industry. WavePay customers can now make direct purchase for goods and services with their WavePay app. […]