Invest in Myanmar - For Investors Seeking Opportunities in Myanmar
Invest Myanmar - The Myanmar Investment Gateway
General Information about Myanmar (1)
Business (131)
FDI in Myanmar (45)
Investments (59)
Macroeconomic Data (4)
Infrastructure (4)
Financial (17)
Economy (37)
Construction (1)
Politics (29)
Real Estate (1)
Investment Legislation (3)
Sports (1)
Telecommunications (27)
Law (14)
Infrastructure (20)
Education (2)
Banking (19)
Jewellery (1)
Stock Market (2)
Agriculture (35)
Real Estate (22)
Mining and Exploration (10)
Construction (29)
Energy (47)
Textile and Fashion (10)
Tourism (23)
Information Technology (11)
Food and Beverage (13)
Electronics (3)
Waste Management (1)
Automotive (9)
Logistics (4)
Renewable Energy (0)

Myanmar, Japan to cooperate in wide range of areas

Date: 19/09/2013
Source: Mizzima
Myanmar, Japan to cooperate in wide range of areas

Myanmar and Japan will cooperate on a wide range of health issues mainly including combating tuberculosis (TB), HIV/AIDS and malaria, official media reported Friday.

The agreemets were reached during a meeting between Myanmar President U Thein Sein and visiting parliament member of Japanese House of Representatives and Chairman of Japan-Myanmar Parliamentarian Friendship League Ichiro Aisawa at the Presidential Palace in Nay Pyi Taw on Thursday.

In addition to discussions on further strengthening bilateral relations, the pair also focused their talks on assistance of Japan for the 27th Southeast Asian Games, to be hosted by Myanmar at the end of this year, and matters related to Thilawa Special Economic Zone (SEZ), the report said.

The Japan International Cooperation Agency has agreed to provide a loan of over 51 billion yen in the form of official development assistance (ODA) to Myanmar in June.

Of the 51.052 billion yen's ODA loan, 17 billion is for construction and renovation of Myanmar's infrastructure to reduce poverty in the Southeast Asian nation, while 20 billion will be used for development of infrastructure in Thilawa SEZ and 14.052 billion for upgrading power grid project and power stations in Yangon.

Moreover, nine Myanmar public companies and a consortium of three Japanese firms comprising Mitsubishi, Marubeni and Sumitomo agreed to jointly develop Myanmar's Thilawa SEZ.

According to official statistics, Japan's investment in Myanmar amounted to 270.283 million U.S. dollars as of March 2013 since Myanmar opened to such investment in late 1988. Japan stands the 11th in Myanmar's foreign investment line-up.

Topic: Economy
Did You Know?
The voltage throughout Myanmar is 220-230 Volts AC. Most of the international class hotels in Yangon have their own generators. However in other places, voltage varies greatly and power often goes out. Valuable or... ... More

Featured news story
Myanmar’s 2015 Stock Exchange Deadline at Risk: Southeast Asia
Myanmar’s 2015 Stock Exchange Deadline at Risk: Southeast Asia

Featured Video
Mitsubishi Materials Corporation and Nippon Koeiinvesting in Myanmar. - Invest video
Mitsubishi Materials Corporation and Nippon Koeiinvesting in Myanmar.

GDP 2010 USD 45.4 B
GDP 2012 USD 54.0 B
Inflation 9.13 %
Unemployment Approx. 35%
GDP growth 2011 5.5 %
FDI 2011 USD 1.05 B
Today on Invest Myanmar
Member Companies: 82
News Stories: 341
Myanmar Videos: 59
Interesting Facts: 29
Factsheets: 9
  Copyrighted 2012 Invest All rights reserved.  

Please read Conditions of Use, Copyright Statement and Privacy Policy for this web page and web site.

Crafted by Sofia Web Works, makers of Pahraat Kasinot and Casinobonus p alla svenska online casinon an Invest Bulgaria company