Sustainable development
Individual Documents
Description:
"Myanmar's total border trade using Individual Trading Cards (ITC) exceeded 18 billion kyats (12 million U.S. dollars) in first four months of current fiscal year (FY) 2019-2020 which started in October, according to figures released by the Ministry of Commerce on Thursday.
From October to January this FY, the ministry issued 32 ITCs and export using those cards through border gates earned over 1.78 billion kyats (1.18 million U.S. dollars) while its imports exceeded 17 billion kyats (11.3 million U.S. dollars).
During the period, Myawady border gate recorded the highest ITC's trade with 11.3 billion kyats (7.5 million U.S. dollars).
The ministry has issued a total of 1,719 ITCs, registering its trade value of over 188 billion kyats (125.3 million U.S. dollars) so far since FY 2012-2013, according to the ministry's figures..."
Source/publisher:
"Xinhua" (China)
Date of publication:
2020-02-13
Date of entry/update:
2020-02-14
Grouping:
Individual Documents
Language:
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Topic:
Economy, Markets, ASEAN +3 Macroeconomic Research Office, Tourism, E-Commerce, Myanmar
Topic:
Economy, Markets, ASEAN +3 Macroeconomic Research Office, Tourism, E-Commerce, Myanmar
Description:
"The ASEAN Post recently published an article on whether 2020 will be a good year for Myanmar’s economy. That article noted that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020; expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year. However, there may be some events that could act as obstacles to this growth.
The positive outlook is largely thanks to reform momentum, improving business sentiments, growth in manufacturing, tourism related expansion and stronger fiscal spending. According to AMRO, the five key sectors with growth potential in Myanmar this year are (1) the tourism industry, (2) property, (3) insurance, (4) digital transactions and (5) the stock exchange business. However, according to reports, economists have noted that the downside is the ongoing Rakhine crisis as well as the lawsuit filed against Myanmar in the International Court of Justice (ICJ) by Gambia, which could tarnish the country’s image as an investment destination. One of the five key growth sectors this could clearly impact is the tourism industry.
Myanmar has taken several measures to attract tourists. Among these measures are relaxed visa requirements. Aside from that, there have also been a slew of new flight routes coming in and out of Myanmar and neighbouring countries including India, China, Cambodia, and Thailand all throughout last year..."
Source/publisher:
"The ASEAN Post" (Malaysia)
Date of publication:
2020-01-12
Date of entry/update:
2020-01-12
Grouping:
Individual Documents
Category:
Burma's economic relations with ASEAN, Burma/Myanmar's relationship with the Global Economy, ASEAN-Burma relations, Sustainable development, Politics and Government - global and regional - general studies, strategies, theory
Language:
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Description:
"ECONOMIC growth in Myanmar may be held back by uncertainty ahead of the 2020 elections, the International Monetary Fund revealed.
Foreign direct investment inflows and project approvals, it warns, remain lower than in recent years because large projects have been completed and foreign investors remain cautious ahead of the polls scheduled next year.
The IMF, after the annual Article IV consultations in the country, however, sees the economy continuing to grow steadily, according to The Myanmar Times.
“For 2019-20, growth is expected to be broadly stable, with higher government spending largely offset by pre-election uncertainty and weaker private demand,” the fund said in a statement.
It, however, reiterated warnings made last April that “risks are tilted to the downside” and cited concerns over fallout from the Rakhine crisis and weaknesses in the banking sector.
"On the domestic front, growth could underperform if fiscal spending does not accelerate sufficiently. Delayed restructuring and recapitalisation of the banking system could increase systemic risks with large macro financial spillovers.
"A deterioration of the security situation and continued humanitarian issues in Rakhine could weigh on sentiment,” the IMF said in the statement issued following a visit by its team of economists..."
Source/publisher:
"New Straits Times" (Malaysia)
Date of publication:
2019-12-27
Date of entry/update:
2020-01-08
Grouping:
Individual Documents
Category:
Economic Development, Sustainable development, Burma/Myanmar's relationship with the Global Economy, The 2020 General Elections in Burma/Myanmar
Language:
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Sub-title:
$420m gas-fired facility helps plug power needs of 5.3m people
Description:
"Sembcorp Industries has officially opened a US$310 million (S$420 million) power plant in Myanmar.
The facility - in the Myingyan district in Mandalay - is the most efficient power plant in the country. It will generate around 1,500 gigawatt hours of electricity a year, helping to meet the power needs of approximately 5.3 million people. It is also the first power plant in Myanmar to have integrated solar power generation.
Solar panels on the rooftop of the plant's administrative building and warehouse can produce around 106 kilowatt of power at peak performance.
The panels generate electricity for on-site use so the plant will need less of the power generated by gas turbines for its own operations, leaving more for export to the grid. The plant is also one of the largest combined-cycle gas turbine plants in the country, with a contracted capacity of 225 megawatts. It uses advanced technology that maximises power output while minimising greenhouse gas emissions..."
Source/publisher:
"The Straits Times" (Singapore)
Date of publication:
2019-03-18
Date of entry/update:
2019-10-26
Grouping:
Individual Documents
Category:
Renewable energy Myanmar, Sustainable development
Language:
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Sub-title:
WWF’s Green Economy Programme in Myanmar 2018-2021
Description:
"The foundations for a green economy – that
will support people, nature and economic
development in Myanmar - have been laid.
WWF has played an instrumental role in
highlighting natural capital values through
Myanmar’s first natural capital assessment,
identifying green economy investments
through the development of Myanmar’s
Green Economy Policy Framework, and
developing initial policies for sustainable
economic development in Myanmar. WWF is
now positioned to raise green economy to the
next stage, at the policy level as well as in our
priority landscapes.
Our vision is to see the true values of
Myanmar’s nature acknowledged and
reflected in government policies, commercial
investments, and smallholder development
- resulting in sustainable development that
‘bends the curve’ for biodiversity, forests,
rivers, and mangroves, and makes Myanmar a
more climate resilient country. We want to see
a future where Myanmar’s intact forests are
conserved and degraded areas are restored,
where wildlife increase in numbers, and
where people’s livelihoods are better and their
benefits from nature secured..."
Source/publisher:
World Wide Fund for Nature (WWF)
Date of publication:
2017-11-11
Date of entry/update:
2019-07-23
Grouping:
Individual Documents
Category:
Policies designed to promote environmental sustainability in Burma/Myanmar, Biodiversity - Burma/Myanmar-related, Sustainable development, Sustainable/alternative development in and for Burma
Language:
Format :
pdf
Size:
2.91 MB
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