People's Defense Force

Myanmar Government to Accelerate Energy Projects and Amid Power Shortages; Says Sanctions End Up Hurting Foreign Investors, Local Workers and Businesses More

Retrieved on: 
Thursday, April 21, 2022

As its largest neighbour and economic partner, China will play an increasingly important role in energy-related developments in Myanmar.

Key Points: 
  • As its largest neighbour and economic partner, China will play an increasingly important role in energy-related developments in Myanmar.
  • To achieve national renewable energy goals, 13 solar power projects which will generate 370 MW have been launched.
  • Special efforts are being made to promote floating solar projects, rooftop solar projects, and small and medium-sized projects wherever possible.
  • Issued by Ministry of Information and Ministry of Investment and Foreign Economic Relations, Union Government of Myanmar.

Myanmar Announces Direct Border Trade Currency Settlement with Thailand; Plans Similar Non-Dollar Convertibility with India in Near Future

Retrieved on: 
Tuesday, March 15, 2022

Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border trade activities.

Key Points: 
  • Thailand is the second country after China to permit its national currency to be exchangeable with the Myanmar kyat for border trade activities.
  • The Myanmar Government intends to initiate similar currency convertibility for the Indian rupee for trade along the border it shares with India.
  • The increasing use of non-US dollar direct currency settlement for border trade underscores the strong bilateral relations that Myanmar enjoys with its neighbours.
  • The kyat-baht settlement arrangement was endorsed by an official notification and guidelines issued by the Central Bank earlier this month.

Myanmar's Minister of Information Mr Maung Maung Ohn Addresses Domestic Security Situation, Foreign Media Perception, and Preparations For Multi-Party Elections

Retrieved on: 
Monday, February 28, 2022

NAY PYI TAW, MM, Feb 28, 2022 - (ACN Newswire) - The Ministry of Information (MOI) of the Union Government of Myanmar released today remarks by Minister of Information, Mr Maung Maung Ohn, addressing the domestic security situation, preparations for multi-party elections and foreign media perception.

Key Points: 
  • NAY PYI TAW, MM, Feb 28, 2022 - (ACN Newswire) - The Ministry of Information (MOI) of the Union Government of Myanmar released today remarks by Minister of Information, Mr Maung Maung Ohn, addressing the domestic security situation, preparations for multi-party elections and foreign media perception.
  • It is performing its duties as a national responsibility, focusing on 2 main areas: national welfare and food security.
  • Those who seek to divide Myanmar had tried to convene Parliament without addressing the fraud issue of the November 2020 elections.
  • Some want to impose a set of values that are consistent with the negative perception of sections of the foreign media.

Myanmar Government Approved USD 3.82 Billion of Foreign Investments and USD 651 Million of Domestic Investment in First Year of State Administration Council

Retrieved on: 
Thursday, January 27, 2022

NAY PYI TAW, MM, Jan 27, 2022 - (ACN Newswire) - The Myanmar Government said today it has approved USD 3.82 billion of foreign investments and USD 651 million equivalent in domestic investments in the first year since the State Administration Council (SAC) took office.

Key Points: 
  • NAY PYI TAW, MM, Jan 27, 2022 - (ACN Newswire) - The Myanmar Government said today it has approved USD 3.82 billion of foreign investments and USD 651 million equivalent in domestic investments in the first year since the State Administration Council (SAC) took office.
  • A state of emergency was declared in accordance with Article 417 of the 2008 Constitution of Myanmar.
  • Foreign investments approved in the past year included a USD 2.5 billion project to construct a liquefied natural gas (LNG) power plant, the two Ministers said.
  • Among the non-PRC foreign investments approved in the past year were one from Japan (USD 516.43 million), four from Singapore (totaling USD 442.20 million), two from Thailand (totaling USD 75.50 million) five from South Korea (totaling USD 66.17 million) and seven from Hong Kong (totaling USD 60.09 million).

Myanmar Government Looks to Early Resumption of Development & Infrastructure Projects with China, Its Close Neighbour and Main Trading Partner

Retrieved on: 
Wednesday, December 22, 2021

The SAC also reviewed and revised 15 projects under a separate 200 million RMB PRC grant specifically dedicated for Rakhine State.

Key Points: 
  • The SAC also reviewed and revised 15 projects under a separate 200 million RMB PRC grant specifically dedicated for Rakhine State.
  • The latter grant involves projects related to the environment and improving medical access and rural transport.
  • Myanmar Government appreciates these corporate social responsibility initiatives by the PRC which will contribute to the success of the China-Myanmar Economic Corridor (CMEC).
  • - Issued by Ministry of Information and Ministry of Investment and Foreign Economic Relations, Union Government of Myanmar.