Lower House MP Seeks Halt to High-Rise Construction in Rangoon

A National League for Democracy parliamentarian on Thursday put forward an urgent proposal to suspend construction of Rangoon high-rises that are not in accordance with existing laws. May Win Myint told The Irrawaddy that she submitted the proposal because she had learned that some private and government-owned high-rise projects were going forward without the necessary […]

Government backtracks on vehicle import policies

Bowing under pressure from dealers and sellers, the government has relaxed its new vehicle import policies for the coming year. The changes will come as a relief to importers, who had deemed policies announced in mid-December too strict, and had asked President U Thein Sein to consider an amendment. The unpopular regulations announced in December […]

Foreign investment into lagging agriculture and fisheries sectors urgently needed: exporters

The next government should urgently seek investment in the country’s lagging and underfunded agricultural and fisheries sector, to help halt and reverse the decline in exports, traders said. Of the US$38.18 billion received in foreign investment over the past five years, a bare $208 million has been ploughed into agriculture, according to the Directorate of […]

Foreign investors compete for mixed-use Yangon project

Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay. Prospective investors have made a number of proposals for the site at the corner of Waizayanda and Thanthumar Roads in Yangon’s Thingangyun township, including for […]

Mogok residents hope to reclaim ruby trade

Mogok residents want one thing from the incoming government: the right to take back their rubies. Gem traders living and working in the Mandalay Region township, famed for the quality of its rubies, say most local mines are run by outsiders. Now they want the incoming National League for Democracy government to grant more operating […]

‘Suu Kyi will play a critical role in Myanmar’

The historic election in Myanmar on November 8 is the first step to a peaceful transition of power after decades of military rule. The people of Myanmar have given an absolute majority to the Aung San Suu Kyi-led National League for Democracy (NLD). In step, the military, which continues to exercise power over the defeated […]

How Will Myanmar’s Elections Affect Relations With China?

The landslide victory of Aung San Suu Kyi’s National League for Democracy (NLD) in last Sunday’s elections is a turning point in Myanmar’ s history. The NLD will have an opportunity to rule alone, given its super majority in the national parliament. How will an NLD government in Myanmar affect the country’s ties with China? […]

BLP to open in Myanmar with ex-Bakers Yangon MP

Berwin Leighton Paisner (BLP) is set to open an office in Myanmar after hiring Chris Hughes, formerly the managing partner of the Baker & McKenzie office there. Hughes, who will head the Myanmar office for BLP, stepped down from his previous role in late August. An emerging markets transactional specialist, he worked on finance deals, […]

Myanmar approves first-ever national minimum wage

  YANGON: Myanmar’s government has approved the country’s first-ever national minimum wage, state media reported on Saturday (Aug 29), after months of bitter negotiations with labour groups and employers. The wage has been set at 3,600 kyat (US$2.80) “for a standard eight-hour work day” and takes effect from Tuesday, said the state-run Global New Light […]

Government plans housing for 16,000 factory workers

The government is planning a housing rental project for 16,000 factory workers from Hlaing Tharyar and Shwe Pyi Thar industrial zones, according to Daw Win Maw Tun, deputy minister for labour, in the first such move to support the private sector. The housing will be dormitory-style for single men and women, with the intention to […]