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..
One of Myanmar’s five emergency power plants will carry out test runs this month after missing an initial deadline to go live on March 31. The Ministry of Electricity and Energy said in an April 13 statement that the 150 megawatt gas plant in Ahlone township will conduct test runs in this coming week before full..
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..
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..
The Ministry of Commerce has announced that it will fully adopt online procedures for issuing import and export permits for more than 100 types of goods starting April 1, 2020, as part of efforts to implement social distancing to stop the spread of COVID-19 in Myanmar. “The move is being made with the aim..
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..
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..
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..
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..
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…