Yangon Region govt plans to build more reservoirs

The Yangon Region government is planning to establish reservoirs to ensure a reliable drinking water supply in the future. In response to a question at the Yangon Region parliament yesterday, U Maung Maung Soe, the Yangon Region Development Affairs Minister, said the government unveiled a long-term plan to supply drinking water to Yangon residents in […]

Offshore base project unknown to MOGE

Mon State officials are keen on a partnership with a private firm to build a base for resupplying offshore oil and gas projects, though national officials say they have not yet heard of the venture. The Mon State government and Myanmar Offshore Supply Base, a subsidiary of a Singapore firm called 2 Fish Company, aim […]

Foreign trade to increase to US$35 billion this year

Myanmar aims to raise its foreign trade volume by US$10 billion during the current 2014-15 fiscal year, according to the Ministry of Commerce. Myanmar’s foreign trade volume gone has from US$15 billion to US$25 billion in three years. “We intend to increase it to US$35 billion this fiscal year,” said Minister of Commerce Win Myint. […]

Minister decries cost of rice exports to China

It costs more to transport a tonne of rice from Yangon to Muse, Myanmar’s main border gate with China, than it does to ship it to Africa, Minister of Commerce Win Myint said. Each tonne of rice costs US$80 to transport from Yangon to Muse, said the minister. “The amount is higher than the cost […]

Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]

Initial Census Results to be Released in August

Myanmar authorities will release in August the initial results of this year’s nationwide census conducted in March-April, U Khin Yi, minister for immigration and population, said. U Khin Yi made the disclosure at a press conference on the 2014 Population and Housing Census Enumeration at Yangon Regional Parliament building. The preliminary results will include the […]

Korea, Myanmar boost forestry cooperation

Forestry experts from Korea and Myanmar met on April 8 to boost cooperation in the forestry sector. The meeting was held at the Government Complex in Daejeon and was part of the 8th Korea-Myanmar Forestry Cooperative Committee. Delegates from the Myanmar Ministry of Environmental Conservation and Forestry and the Korea Forest Service (KFS) attended the […]

OBG Report Charts Myanmar’s Development as FDI Rockets

UK-based publishing, research and consultancy firm Oxford Business Group (OBG) published its first country report on Myanmar which sheds light on the country’s new investment law, wide-ranging reforms and emerging economic sectors, the firm announced. With most Western sanctions now lifted and a new mining law in the pipeline, “The Report: Myanmar 2014” charts the […]

Ministry to sign MoU for Dawei power plant

The Ministry of Energy has approved plans by the Admin Power & Utility Ltd. to build a 500-MW natural gas power plant in Dawei. The ministry will allow the company to purchase natural gas to build a 50-MW power plant to provide power for regional security as a first phase. “The ministry and the company […]

Indonesia Wijaya Karya team up with UMG to explore Myanmar

Indonesian publicly listed construction company PT Wijaya Karya will set up a joint venture company with Myanmar’s United Mercury Group (UMG) to help expand its business overseas. Wijaya Karya foreign affairs department manager Destiawan Soewarjono said on Thursday they would construct a precast factory and work on big infrastructure projects in Myanmar through the joint […]