Construction of Dala Bridge to continue despite COVID-19

The Dala Bridge project will continue despite the spread of COVID-19, according to the Bridge and Road Department under the Ministry of Construction.  “Construction of Dala Bridge project will not stop. We didn’t stop during Thingyan too,” said chief engineer U Kyaw Kaung Cho. The bridge is now 10 percent complete since construction began in..

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Trade gate at Muse closed due to COVID-19

The Mant Wain trading gate in Muse has been closed since April 5 as both governments take more stringent measures to prevent the spread of COVID-19, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce.  China no longer allows Myanmar truck drivers to cross into Yunan so Mant Wain, which is the..

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Development of Dawei SEZ expected to be delayed again

  Officials are expecting the outbreak of COVID-19 to slow the development of Dawei Special Economic Zone (SEZ) in Tanintharyi Region. “The virus is affecting the development process, including road construction,” said U Tin Htoo Naing, secretary of Dawei SEZ. Things are being delayed just as foreign investors were showing interest in the project. International..

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Japan to provide ¥47 billion for two infrastructure projects

  The Japan International Cooperation Agency (JICA) and Myanmar’s government on Tuesday agreed to official development assistance (ODA) loans to contribute to economic and social development through improvements to the railway system and electricity supply. JICA signed the loan agreements with the government to provide the ODA loans of up to a total of ¥47.94..

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SMEs start feeling effects of virus outbreak

  Some small and medium-sized enterprises (SME) have started suffering from the effects of coronavirus outbreak, business owners say.  “It has already affected the country’s economy very much. Especially, hotels. As they have lost customers, they have no money to pay for their employees’ salaries. Restaurants and shops are facing difficulties also. Many SME businesses..

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Construction contraction due to virus outbreak

  Industry insiders say that the country’s construction sector has slowed by around 30 percent due to the COVID-19 pandemic. “There are construction projects that have been suspended due to a shortage of imported building materials and some have been stopped temporarily due to cash flow problems. About 70pc of projects are still running as..

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China provides $6.7m for 22 projects in Myanmar

  China will provide US$6.78million (K9.45 billion) to Myanmar for 22 projects under the Mekong-Lancang cooperation initiative, the Ministry of Foreign Affairs announced on Monday. The Mekong-Lancang Cooperation Special Fund is a cooperation mechanism set up by China that involves Cambodia, Laos, Myanmar, Thailand and Vietnam with the aim of promoting cooperation in the areas..

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Fuel prices continue falling in Myanmar

  As world oil prices have plunged due to the coronavirus outbreak in January causing a supply glut as the demand slows and Russia and Saudi Arabia are set raise production to grab a greater share of the market and fuel price has decreased by about K400 per litre since the start of the year…

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