• Burmese
Friday, July 11, 2025
No Result
View All Result
NEWSLETTER
The Irrawaddy
26 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Junta Watch
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home Business Business Roundup

The Irrawaddy Business Roundup

Zaw Zaw Htwe by Zaw Zaw Htwe
January 23, 2021
in Business Roundup
Reading Time: 3 mins read
0 0
A A
--

--

22.7k
VIEWS
Share on FacebookShare on Twitter

Yangon—This week Myanmar received 1.5 million COVID-19 vaccine doses provided by the government of India as the very first vaccines from abroad. The government is planning to vaccinate its healthcare workers on the COVID-19 frontline and government staffs and members of parliaments by next week.

Also this week, Myanmar discussed the expansion of Japanese investments in the country and the promotion of military relations with the Japan-Myanmar Association. Meanwhile Myanmar approved four investments including a new Japanese investment in Yangon.

Myanmar inked a power purchase deal with a Thai company and Myanmar Tourism Bank has signed a Memorandum of Understanding (MoU) to assist the restaurant and tourism development sectors impacted by COVID-19.

RelatedPosts

Chameleon Crony: How Myanmar’s ‘Baby’ Tycoon Thrived Across Four Eras

Chameleon Crony: How Myanmar’s ‘Baby’ Tycoon Thrived Across Four Eras

June 10, 2025
5.1k
Trump-Musk Alliance Melts Down in Blazing Public Row

Trump-Musk Alliance Melts Down in Blazing Public Row

June 6, 2025
523
ASEAN Corporate Giants Fueling Myanmar Junta’s War Crimes: JFM

ASEAN Corporate Giants Fueling Myanmar Junta’s War Crimes: JFM

May 26, 2025
2.3k

Myanmar and Japan discussed the expansion of Japanese investments

The Myanmar State Counselor Office announced that it has discussed expansion of Japanese investment in Myanmar during the upcoming second term of the civilian government led by the National League for Democracy (NLD), during a visit by Watanabe Hideo, chairman of the Japan-Myanmar Association.

Watanabe Hideo, who is also a former member of the House of Councilors of Japan, met Myanmar State Counselor Daw Aung San Suu Kyi, Commander-in-Chief of Defense Services Senior General Ming Aung Hlaing and other high-level officials in Napyitaw this week.

Myanmar’s military also discussed with Watanabe Hideo for the promotion of military-to-military relations between the two countries.

The Myanmar State Counselor Office said that during the frank negotiations between the State Counselor and Watanabe, there was discussion of Japan’s continued support for socio-economic development assistance, including in the education and health sectors.

Japan was the fifth-largest investor in Myanmar, with more than US $1.3 billion in investments by 37 permitted enterprises during the period from the 2016-2017 fiscal year to the 2020-2021 fiscal year.

Myanmar to buy power from Thai company

On Wednesday, the Myanmar Ministry of Electricity and Energy-controlled Electric Power Generation Enterprise signed a power purchase agreement with the TTCL Power Myanmar Company Limited, a subsidiary of Thailand’s TTCL Public Company Limited.

TTCL plans to construct a $685 million (911 billon kyats) worth of 388-megawatt liquefied natural gas (LNG) plant in Yangon’s Alone Township. The project includes construction of a natural gas pipeline, an LNG terminal and a 230-kilovolt transmission line.

The construction is expected to take more than two years with a 25-year concession.

The ministry expects that the project will power Yangon Region with a more stable supply. Currently, more than half of Myanmar’s population is connected to the national grid, the lowest proportion in ASEAN.

The World Bank said in 2019 that Myanmar needs to invest up to $2 billion annually in its electricity sector to sustain economic growth.

Investments approved in Yangon

On Wednesday, the Yangon Regional Investment Commission has approved a total of $7.803 million in investments by three investors from China and Japan and 2929 million kyats ($2.2 million) of local investment.

The Directorate of Investment and Company Administration (DICA) said that the investments are focused on the garment and foodstuff sectors.

DICA expect that the investments would create 1,762 job opportunities.

Myanmar Tourism Bank to assist COVID-19 hit-restaurants

Myanmar Tourism Bank (MTB) has signed an MoU with the Myanmar Restaurants Association (MRA) and Myanmar Tourism Human Resources Development Association (MTHRDA) for financial and other assistance.

MTB said on Thursday that the MoU is intended to assist with bank loans or other services to all restaurants that are registered as the members of MRA and have been impacted by the COVID-19 pandemic.

MTB said it will help for the expansion of restaurants of MRA. Meanwhile, it will help the development of hotel and tourism training centers which are providing human resources for the tourism sectors.

Your Thoughts …
Tags: Business
Zaw Zaw Htwe

Zaw Zaw Htwe

The Irrawaddy

Similar Picks:

Post-Coup Myanmar is a Family Business: Min Aung Hlaing & Co
Burma

Post-Coup Myanmar is a Family Business: Min Aung Hlaing & Co

by David Aung
February 8, 2024
18k

Min Aung Hlaing is an opportunistic businessman in military uniform and his children are more mercenary than the offspring of...

Read moreDetails
KIA Seizes Myanmar Junta’s Last Remaining China Trade Route in Kachin State
War Against the Junta

KIA Seizes Myanmar Junta’s Last Remaining China Trade Route in Kachin State

by The Irrawaddy
June 14, 2024
17.1k

The military regime has also lost control of all border trade in neighboring northern Shan State.

Read moreDetails
Myanmar Junta Reportedly Set to Prosecute High-Profile Businessmen for Corruption
Junta Cronies

Myanmar Junta Reportedly Set to Prosecute High-Profile Businessmen for Corruption

by The Irrawaddy
October 18, 2023
15.9k

Regime cronies Thein Win Zaw and Mu Mu Shein are set to follow former lieutenant general Moe Myint Tun as...

Read moreDetails
Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray
Analysis

Myanmar Junta’s ‘Brainless’ Response to Soaring Gold Prices Leaves Market in Disarray

by Hein Htoo Zan
June 4, 2024
14.8k

Arrests, corruption, false receipts—the crisis in the gold and currency markets bears all the hallmarks of the junta’s inability to...

Read moreDetails
Myanmar’s Multibillion-Dollar Jade Trade ‘Crashing’ as China Clamps Down  
Business

Myanmar’s Multibillion-Dollar Jade Trade ‘Crashing’ as China Clamps Down  

by The Irrawaddy
June 5, 2024
14.3k

Crackdown on border scams and tax fraud is taking heavy toll on gems trade, say merchants.

Read moreDetails
Scam Operations Flourish in Myanmar’s Biggest City
Investigation

Scam Operations Flourish in Myanmar’s Biggest City

by The Irrawaddy
March 7, 2024
10.2k

Under the noses of junta officials, online scam syndicates freely operate in Yangon as government-registered companies, an investigation by The...

Read moreDetails
Load More
Next Post
Russian Defense Minister General Sergey Shoigu signs a guest book during his meeting with Myanmar military chief Senior General Min Aung Hlaing (left) in Naypyitaw on Jan. 22, 2021 / Military Information Team

Myanmar Military Rolls Out Red Carpet for Russian Defense Minister

The DMG office in Sittwe, Rakhine State. / Khine Rola / The Irrawaddy

Myanmar Military Sues Rakhine Media over Theft Allegations

No Result
View All Result

Recommended

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

Trump’s Tariffs to Hit Myanmar’s Garment Manufacturers Hard

2 days ago
966
‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

‘Reforms Are Not Optional’: Prominent Activist Urges NUG to Act Before It’s Too Late

2 days ago
966

Most Read

  • Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    Chinese Investment Reshapes Myanmar’s N. Shan as MNDAA Consolidates Power

    shares
    Share 0 Tweet 0
  • Myanmar Junta Deploying Conscripts in Major Push to Reclaim Lost Territory

    shares
    Share 0 Tweet 0
  • Junta Bombing of Resistance-Held Areas in Mandalay, Karenni Kills Seven Civilians

    shares
    Share 0 Tweet 0
  • Two Prominent Myanmar Ex-Political Prisoners Die Hours Apart in Yangon

    shares
    Share 0 Tweet 0
  • Chin Resistance Tensions Boil Over as CNA Seizes Rival’s Myanmar HQ

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Fact Check
    • Investigation
    • Myanmar-China Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Stories That Shaped Us
    • Letters
  • Ethnic Issues
  • War Against the Junta
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Books
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.