Climate, Food, Economy
September 16, 2025
Economic growth is forecast to rise gradually to 6.5% in FY2013 and 6.7% in FY2014 (Figure 3.27.5). Projections assume the government will maintain momentum on policy reform over the medium term.
Inflation is forecast to average 5.1% this year and next. A lower fiscal deficit and reduced credit to the government from the central bank should dampen inflation over the medium term.
Myanmar has abundant energy resources, particularly hydropower and natural gas. The hydropower potential of the country’s rivers is estimated to be more than 100,000 megawatts (MW). Myanmar has identified 92 potential large hydropower projects with a total installed capacity of 46,101 MW.
Proven gas reserves total 11.8 trillion cubic feet (tcf) with huge potential for discovery. A third of the country’s $13.6 billion in foreign direct investment is in the oil and gas sector (as of September 2011). Myanmar is one of the five major energy exporters in the region, particularly of natural gas.
Myanmar ADB Energy Sector Assessment Country Report Oct 2012
REBF is the focal point of Renewable Energy, Energy Efficiency Business Forum in Myanmar where seminar, PPP meeting, product promoting and exhibition are being held.
Manufacturers, Project Developers, Service Providers, Energy experts, Academics, Researchers from both local and international meet to share their experience, promote their system & products and meet with stakeholders.
The Ministry of Electric Power announced on May 30 that it will resume supplying five hours a day of electricity to 18 industrial zones in Yangon Region, but told small- and medium-sized enterprises outside the zones to remain off the national grid and rely solely on generators.
The supply will be either from 7am to 12pm or from 12pm to 5pm.
U Nyan Tun Oo said on May 28 that power depended on rainfall. “It depends on the amount of rainfall. Hydropower relies on water in the [reservoirs of] dams … if there is not enough rain then we cannot generate enough power.” [Read more…]
The Department of Meteorology and Hydrology (DMH) is the responsible agency for flood forecasting and warning in the country.
Multifunctional Satellite Image(MTSAT) ground receiving system and related computer facilities, JMA GSM, GRIB data, JMA storm surge model, one high accurate digital barometer and technical guidance methods were provided under the Japan International Cooperation Program’s Improvement of Storm Forecasting Project (2010-2012).
Importers must pay an advance income tax assessment of 2% on the customs value of the goods for import.
Exporters must pay an advance income tax assessment of 2% on the value of all exported goods.
Implemented as from 14 June 2013
Of all the important issues facing Myanmar at the moment, from the peace process, to telecom liberalisation and electricity supply shortages, the one critical issue that has not received much attention is urban planning.
The scale of the challenge is enormous. The 2013 McKinsey study estimates that $150 billion will be needed for new urban infrastructure. Yangon, Mandalay and other large cities will require no less than 10,000 kilometres of new roads, 113 million square feet of residential buildings, 27 million square feet of commercial floor space and 140 hospitals – all within 17 years. [Read more…]
Average gas price for Jan 2013 is 12.36 US$ per 1 million btu.
Approximately, current Yadana Gas price is about 8,650 USD per mmcf.
Subsidized on the price of gas at 5 US$ per mmbtu.
For foreign companies, the price is set at US$ 6.06 per thousand cubic feet
Myanmar nationals 1,000 kyats per 165 cubic feet.
Myanmar is one of the countries with numerous geothermal resources that could be represented as an additional source of energy to fulfill its future energy requirements.
Hot springs are found in Kachin State, Shan State, Kayah State, the Southern Part of Rakhine State in Kyaukphyu, Central Myanmar Area, Shwebo Monywa Area and especially in Mon State and Taninthayi Division. A total of 93 hot springs have so far been recorded and identified.
Myanmar Geothermal Resources Overview; Myanmar Engineering Society
Myanmar’s export earning from Beans & Pulses in the first two months of fiscal year 2013-14 has dropped compared to the same period in 2012, according to the Ministry of Commerce. Beans earning between April 1 and May 17 this year was US$119.56 million, fallen from US$134.54 million earned in the same period last year.
Beans are the major export commodity of Myanmar. Over 160,000 tonnes of different kinds of beans have been exported in this fiscal year. Among them, over 60,000 tonnes of exported beans are mung beans, whose total earning alone was US$51 million.
Original Link ElevenMyanmar
Update and clarification on the recent story we published titled “NFIDAsia to expand algae farming in Myanmar.” The published story was composed from two sources: www.pr.com/press-release/483369 and www.elevenmyanmar.com/national/3711-nfidasia-to-launch-algae-farming-in-myanmar
NFIDAsia to bring algae cultivation as a combined agriculture & aquaculture relationship to speed rural development through agricultural enhancement. I would like to add comments to fill in and correct on some minute details. ElevenMyanmar’s comments will be indicated by Eleven and myself DD. [Read more…]
Buyers are once again descending on Dala Township amidst a revival of speculation that a bridge will be built across the Yangon River, as transportation infrastructure projects that make commuting easier boost property prices in the city’s outskirts across the city.
A bridge to Dala has sparked a boom in land sales in the township, with prices doubling since December. “The attraction is Dala’s closeness to downtown for prices that are only a fraction of those in the city centre.” One acre in Dala is selling for K7-K8 million, up from K3-K4 million in December, realtors say. [Read more…]
Two new waste disposal plants will use Yangon Myanmar's trash to generate electricity and natural gas for vehicles, with construction starting as early as November, Yangon City Development Committee says.
The plants are also needed to reduce the strain on the city’s waste dumps, which are causing environmental damage, said U Khin Win, deputy head of YCDC’s pollution and cleaning department. [Read more…]
Because of poor transportation of the Mawtaung Trade Zone and poor customer services at fish wholesale dealers from Thailand, Myanmar fish merchants will be using Kawthoung and Ranong border trade routes as an alternative during the rainy season.
Mawtaung trade zone was opened last month and it still needs to improve road conditions. However, transportation charges are less expensive than the water route through Kawthoung and Ranong. The goods will be transported in short time as well said Myeik wholesale fish market dealers.
Original Link ElevenMyanmar
Cross-border trading points with China • Muse • Laiza • Lweje (Loi Je) • Chin Shwe Haw
Thailand • Myawaddy • Tacheleik • Kawthaung • Myeik
India • Tamu • Reed
Bangladesh • Sittwe • Maungtaw.
PDF by Sai Aung Mane
Myanmar Frontier (Border) Areas, Road Connections and Illegal Trade
The new contract would propose the formation of a new company called the Sino-Kachin Hydropower Company. This company could invest and manage several hydropower dams in Kachin state as a Build-Operate Transfer for twenty-five years of operation.
Equity would be 30% of total costs and it would accept a small fraction of equity investment from the Kachin state or electric company and the Myanmar electric company.
Taiwan's state-owned oil firm CPC Corp, expects a more stable supply of resources from its agreement to explore in under-tapped Myanmar.
CPC's agreement to buy a 30 per cent stake in a Myanmar gas and oil field from mainland China's state-run Sinopec Group. Three of six wells at Sinopec's central Myanmar field, known as Block D, have shown potential for oil or gas, CPC said in a statement following the April 24 agreement. [Read more…]
The most popular area for the serviced apartment market in Yangon is the Inner City area, where supply increased within only three years from nothing to approximately 370 rooms.
All serviced apartment projects in Yangon recorded high occupancy rates because of limited supply and high demand. New serviced apartment projects in Yangon are in the planning stages for completion in 2013-14.
After more than 50 years of stagnation Myanmar is finally opening its doors to investment from the outside world.
As well as sitting between the regional heavyweights of China and India, Myanmar offers incredible investment opportunities in energy, mining, infrastructure, agriculture, fisheries and so much more that led the International Monetary Fund to brand the country as Asia’s “final frontier”. Invest Myanmar Tapping a New Asian Tiger PDF
