Upper House approves investment bill

The Upper House has approved the draft Myanmar Investment Bill from the Lower House. The bill states that foreign investors can hire land or buildings for 50 years. With the permission of the Myanmar Investment Commission, they can extend their contracts for 10-year periods. The new bill says the commission should seek the approval of […]

China seeks ‘new chapter’ in first visit with Myanmar’s Suu Kyi

HONG KONG – China and Myanmar pledged to open a “new chapter” in their sometimes strained relationship, raising the prospect that stalled Chinese investment projects in the Southeastern Asian country could be allowed to resume. Aung San Suu Kyi, head of Myanmar’s ruling National League for Democracy and newly installed foreign minister, and her Chinese counterpart, […]

New Chief Minister of Rangoon Looks to Improve Infrastructure

RANGOON — Rangoon’s new chief minister said Monday he will focus on using local and foreign investment to ramp up the development of infrastructure in Burma’s commercial capital. A lawmaker for Hlegu Township, Phyo Min Thein was appointed Chief Minister of Rangoon by the National League for Democracy (NLD) during a divisional parliament session on Monday. […]

Trusted NLD veteran set to be next Myanmar president

Sixty-nine-year-old Htin Kyaw, a trusted veteran of the National League for Democracy (NLD) and long-time family friend of party leader Aung San Suu Kyi, is set to become Myanmar’s next president after being nominated by the party. His name was read out in the Lower House yesterday morning, in a culmination of weeks of speculation […]

World Bank Pledges Ongoing Development Support for Burma

RANGOON — The World Bank’s vice president for East Asia and the Pacific pledged to continue development support for Burma, according to a statement released on Monday following a meeting in Naypyidaw with Aung San Suu Kyi. In the statement, Axel van Trotsenburg reaffirmed the World Bank’s strong partnership with Burma as it endeavors to […]

USDP Member Khin Shwe Defends His Support for Suu Kyi

Khin Shwe, a distinguished member of the Union Solidarity and Development Party (USDP), has disavowed rumors that he is facing expulsion from the party over his support for the opposition in a Nov. 8 general election. Speaking to The Irrawaddy on Friday, Khin Shwe confirmed that he was summoned by party officials for questioning a […]

Myanmar’s army picks its lawmakers in next transition step

Myanmar army chief Min Aung Hlaing nominated military officers to their posts, another step by the army in what has so far surprised many as a remarkably peaceful transition.   YANGON: Myanmar army chief Min Aung Hlaing nominated military officers, who hold a quarter of seats in parliament, to their posts, state media said on […]

NLD wins absolute majority in parliament

Official results posted by the Union Election Commission at noon on Friday showed that with nearly 85 percent of all seats declared from the November 8 elections for the national, state and regional parliaments, the NLD had so far secured 238 seats in the Union lower house and 110 seats in the upper house. Even […]

Myanmar’s post-election landscape reshaped by Suu Kyi victory

While supporters of Myanmar opposition leader Aung San Suu Kyi hit the streets to celebrate an apparent landslide win for her party in Sunday’s election, a dazed former general sat at home licking his wounds. Veteran politician Htay Oo, acting chief of the ruling Union Solidarity and Development Party (USDP), lost his seat in the […]

Govt Defends Plan to Ramp-Up Reliance on Coal

RANGOON — The government intends to push ahead with plans to increase Burma’s reliance on coal-fired power plants to 33 percent of the country’s total generating capacity by 2030, according to a deputy minister from the Ministry of Electric Power. Aung Than Oo, the deputy minister, said on Wednesday that due to projected steady growth […]