Incentives to be built in to investment law

The combined investment law will have built-in incentives for priority areas and sectors, according to U Aung Naing Oo, director general of the Directorate of Investment and Company Adminstration. Myanmar previously had two separate investment laws, the Foreign Investment Law and the Myanmar Citizens Investment Law. Yet experts have recommended combining the two, and Myanmar […]

Import of natural gas and hydropower form Myanmar to India

One of the worst decisions of the BNP-led government in 2004 was the rejection of the Indian proposal to lay a gas pipeline from Myanmar to India through Bangladesh. This could enable us to share part of the gas and significantly reduce our dependence on the import of costly oil (and perhaps LNG) to meet […]

Myanmar aims for Mrauk U to join UNESCO list

MYANMAR’S archaeological zone of Mrauk U in Rakhine State is preparing to be listed as a UNESCO World Heritage Site, according to a spokesperson from the Ministry of Culture. Mrauk U contains some 200 Buddhist monuments such as temples, stupas and monasteries mostly built in the 15th and 16th centuries AD. It is also known […]

Chin urge transparency on Mwe Taung mining project

Chin political parties and residents are calling for transparency over a Chinese-backed project, with some warning that the project could lead to a repeat of the unrest seen at the Letpadaung copper mine. Geological studies of the Mwe Taung Phar Taung area – on the border of Chin State’s Tiddim township and Sagaing Region’s Kale […]