Power shortages hold Myanmar back

The recent protests in Yangon against a hike in electricity charges have shed some light on Myanmar’s serious power crisis. In the past three years Myanmar has witnessed the suspension of the Chinese-invested Myitsone dam project, mass demonstrations against blackouts in big cities like Yangon and Mandalay, and protests against the rate rise. Electricity is […]

Manufacturing funds to double

Foreign investment into the manufacturing sector this year has already more than doubled all of last year, said director general U Aung Naing Oo of DICA, the Directorate of Investment and Company Administration. From April through September, nearly US$1.8 billion has flowed into the country, of which nearly $1 billion has gone to manufacturing, compared […]

Some wholesale businesses to jack up prices due to increased electricity charges

Some retail businesses in Myanmar have received notice from their wholesalers that prices for some commodities will be going up as electricity charges double starting this month. “With the meter charges going up, some wholesale businessmen have distributed notices in writing letting us raise our prices as the cost of electricity is higher for the […]