El Nino dry spell wreaks havoc in Myanmar

At least 10 regions of Myanmar are facing severe water shortages due to searing summer temperatures brought on by El Nino, leading to dried up wells, ponds and rivers. The Department of Meteorology and Hydrology (DMH) predicted that temperatures from March until May this year will continue to exceed 47.2 degrees on a daily basis […]

Telecom price war intensifies

The price war in Myanmar’s telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar’s Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. […]

Real estate roller-coaster

After shooting up in 2013 and 2014, excessive speculation and political uncertainties combined are pushing down exorbitant rents Rental rates for luxury apartments in some parts of Yangon have been steadily declining since September 2014, while rates for basic apartments have remained stable, according to real estate market forecasts. “The rental charges in the real […]

Over 10,000 Myanmar migrants seek work in Thailand

MYAWADY – More than 10,000 Myanmar migrants have entered Thailand through the border town of Myawady in the past three months to seek jobs. An official from the Maywady-Mae Sot Friendship Bridge noted that the traffic has increased and some workers may face difficulties as both countries celebrate the water festival, so-called Thingyan in Myanmar […]

S. Korean bank to aid Myanmar IT project

YANGON, March 19 (Xinhua) — South Korea’s Export-Import Bank will assist Myanmar’s IT infra-network expansion project by providing a loan of about 56 million U.S. dollars to the project, official report said Thursday. The loan will be disbursed by South Korea’s Economic Development Cooperation Fund to pay for expansion of high-speed fiber links between Taunggyi […]

Green Earth Power (Thailand) wants partners for 210 MW Solar Plant in Myanmar

NAY PYI TAW : Green Earth Power (Thailand) or GEP is seeking partners for joint development of its 210-megawatt solar power plant in Myanmar, the third largest of its kind in the world and costing nearly 9 billion baht. The company also plans to mobilise funds from the Stock Exchange of Thailand for a bigger […]