The Root Cause of Unprecedented River Rise

The monsoon had not fully reached its peak yet, but most parts of the country, which lie along the paths of the major rivers, namely: the Ayeyarwady, Chindwin, Dotehtawady, Ngawun, Sittaung and Bago rivers are being seriously inundated. The most noteworthy is the news of the level of the Ayeyardy River at Nyaung Oo, which […]

Yangon to develop river transport express system

The Yangon Region government is planning to build a river express system for passengers – part of fundamental transport reforms that government officials hope will bring a new wave of industrial goods and commuters onto the country’s waterways. Myanmar is unique in Southeast Asia in boasting waterways – primarily the Ayeyarwady and Chindwin rivers – […]

Nay Pyi Taw villages rewired in 100 days electrification plan

The government has arranged to connect 1150 households in Nay Pyi Taw’s Ottarathiri township to the national electricity grid as part of the new administration’s 100-day plans, according to U San Yu, deputy secretary of the Ministry of Electricity and Energy. The initiative is part of a broader effort to bring electricity to more than 15,000 […]

Firm to bring big screens to small towns

Movie-loving Myanmar is suffering from a dearth of cinemas, which local firm MAZE is hoping to remedy. The company is kicking off a K20 billion two-year project to build 100 theatres across different states and regions. There were more than 400 cinemas nationwide in the early 1980s, but by the 2010s this had dropped to […]

Microfinance in Myanmar: A Silver Bullet to Stamp out Poverty?

  The passing of the Microfinance Law in 2011 led to a rapid influx of Microfinance Institutions (MFIs) in Myanmar. As of December 2015 there were over 256 MFIs operating in Myanmar, all competing to crack the estimated 33 million unbanked residing here. It is believed informal money lenders charging extortionate interest rates will become […]

World Bank – Analysis Of Farm Production Economics in Myanmar

EXECUTIVE SUMMARY MYANMAR: ANALYSIS OF FARM PRODUCTION ECONOMICS This report was prepared by the World Bank in partnership with the Livelihoods and Food Security Multi-Donor Trust Fund (LIFT). Both the World Bank and the LIFT are actively involved in supporting Myanmar’s agriculture sector given its significance in poverty reduction and food security, and they both […]

Rubber industry to be stamped with new law

A new law is being drafted to promote Myanmar’s rubber sector, as the commodity’s international value plummets and a number of plantations across the country are forced out of business. The law is being drawn up under Myanmar’s National Export Strategy, said U Khine Myint, secretary of the Myanmar Rubber Planting and Producing Association (MRPPA). […]

Mandalay association to build fuel tanks

A new public company formed by members of a Mandalay petroleum association intends to build 34 fuel tanks on the bank of the Ayeyarwady River, to refuel passing ships. The Myanma Energy Development Public Company will build tanks that can hold 2 million gallons of fuel on 48 acres of land, secretary U Kyaw Kyaw […]

Workshop on potential for sea bass success

As demand for seafood continues to rise regionally and worldwide, Myanmar has a good chance to develop its aquaculture industry in a sustainable and a profitable way, by investing more into alternative fish species including seabass, a recent workshop heard. The US Soybean Export Council (USSEC) said at the workshop that Myanmar had a good […]

New tolls to be charged on Ayeyarwady, Chindwin rivers

Six new toll stations will open along the Ayeyarwady and Chindwin rivers on December 1, according to an official. In addition to collecting fees, the stations will be charged with ensuring boats are in good condition and are driving according to the law. Fees will be set at K200 for a vessel less than 39 […]