175-Tonne Jade Rock a Gem of a find in Myanmar

Miners in Myanmar have unearthed a 175-tonne jade boulder worth an estimated US$170 million (S$236 million). The boulder, 4.3m high and 5.8m long, was found in a mine in jade-producing Kachin state, in the north of the country, media outlets reported. The rock is second in size only to the carved statue at the Jade […]

UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

Myanmar to launch single-stop inspections at borders with neighbouring countries

Single-stop inspections will be deployed at border gates between Myanmar and neighbouring countries to prevent illegal trade, said Union Minister for Commerce Dr Than Myint yesterday. The Union minister told Amyotha Hluttaw that discussions are ongoing with China and Thailand to launch the single-stop inspection system at border crossings. The system is aimed at avoiding […]

Presidential order reinstates study for proposed 6,000-MW Myitsone hydroelectric project in Myanmar

According to a presidential order issued Aug. 12 by the Myanmar government, a commission will form to examine the 6,000-MW Myitsone hydropower project proposed for Kachin, Mynamar. Locally published reports indicate when complete, Yunnan China would receive much of the energy from the facility under the project’s original agreement. The order for the commission was signed by […]

The Key to Jumpstarting Myanmar’s Economy: Electricity

It’s no secret that the National League for Democracy (NLD) faces myriad challenges in improving Myanmar’s socioeconomic situation. In fact, its biggest challenge might be deciding which issues to address first. Led by Nobel Laureate Aung San Suu Kyi, the NLD has made the peace process, which is aimed at ending decades of strife between the […]

Push to lure more luxury tourists to Myanmar

MYANMAR’S public and private sectors must join forces to turn the country into a popular destination for high-end travellers, as rich cultural and natural resources could boost tourism income from just 5 per cent of gross domestic product at present, industry figures have said. Panellists at the Hospitality and Tourism Conference Myanmar last week agreed […]

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 […]

Hiatus in timber smuggling from Myanmar to China

Monitoring of key crossing points along the Myanmar-China border by the Environmental Investigation Agency (EIA) reveals a sharp downturn in the volume of illegal timber being smuggled between the two countries during the past six months. In September 2015, EIA released the report Organised Chaos, which documented surging illicit trade in logs via the land […]

Senior officials implicated in Myanmar jade probe: official

Two senior Myanmar officials were purged from their posts this week after an investigation over corruption in the country’s multi-billion-dollar jade mining industry, authorities said Friday. Yangon – Two senior Myanmar officials were purged from their posts this week after an investigation over corruption in the country’s multi-billion-dollar jade mining industry, authorities said Friday. The […]

Kachin State Authorities Continue Illegal Timber Seizures, Myanmar Official Says

Kachin state government authorities in northern Myanmar seized more than 20,000 metric tons (22,046 U.S. tons) of illegal timber near the country’s border with China over the last five years, a high-ranking forestry official said Thursday. Aung Naing, Kachin state minister of forestry and mines, told RFA’s Myanmar Service that authorities confiscated nearly 10,600 metric […]