Myanmar-Korea textile zone to create 60,000 jobs

A five-hundred acre textile factory zone, which will reportedly create 60,000 employment opportunities for Myanmar workers, is reportedly to come to fruition through the concerted efforts of Myanmar and Korean business groups. The Myanmar Olympus Asia Developer Group and the Korean PANKO Corporation will be responsible for implementing the project which will see the production […]

To pay or not to pay? INGOs wrangle over income tax

With a new government in office and the start of a new financial year, international non-government organisations (INGOs) are holding intense discussions over whether their well-paid expat staff should pay income tax in Myanmar. Some have been paying tax for years; others claim to have deals that exempt their foreign staff; and others would not […]

Local resistance fails to halt Myeik coal-fired power plant

A local company says it will pursue plans to build a 50-megawatt coal-fired power plant in Tanintharyi Region once it has secured permission from Myanmar Investment Commission (MIC), despite continuing opposition from the community. Beside Lut Lut village – 12 miles (19.3 kilometres) from Myeik – Than Phyo Thu Mining Company and Myeik Public Corporation […]

Bangladesh to import more gas from Myanmar

The government is upbeat over a ‘visible’ win of Nobel peace laureate Aung San Suu Kyi’s National League for Democracy (NLD) party in Myanmar’s parliamentary elections and eyeing afresh to import natural gas from that country. “We have a fresh plan to purchase natural gas from Chinese firms which have stakes in Myanmar gas fields […]

Coal power projects to be delayed

All of Myamar’s planned coal-fired power projects are likely to be delayed beyond the general election, which is set to be held on November 8, according to officials. A memorandum of understanding (MoU) for 11 coal-fired power plants was signed between the Ministry of Electric Power (MOEP) and local and international private companies in 2010, […]

Local call on MIC to halt ANNDIN coal-fired project

Locals from the Parlain Region of Ye Township in Mon State urged the Myanmar Investment Commission (MIC) to halt the Toyo Thai Corp. coal-fired power project planned for near Anndin Village in Ye Township. The request was made in a petition and letter handed in at the MIC offices by Parlain locals on 24 August. […]

SLCM Ltd signs MoU with Myanmar’s United Amara Bank

KOLKATA: SLCM Ltd, the wholly owned subsidiary of SLCM (Sohan Lal Commodity Management) Group has signed MoU with Myanmar’s United Amara Bank for collateral financing in Myanmar. The step aimed at strengthening the network for providing collateral management solutions to Farmers, Processors, Traders, Exporters & Importers across Myanmar. United Amara Bank will offer their customers […]

MoU for Salween hydropower project to be signed between Thailand, Myanmar, China

Thailand, China and Myanmar are expected to sign a memorandum of understanding (MoU) for the development of the 7,000-megawatt Mong Ton hydropower-plant project on the upper Salween River this year, after Myanmar’s government cancelled its Tasang hydropower project. Speaking yesterday on behalf of the three countries, Thai Energy Minister Narongchai Akrasanee said Electricity Generation Authority […]

Flow of Myanmar Workers into Malaysia Rises in 2015

The number of Myanmar workers going to Malaysia has increased so far this year, according to the Department of Labour. Last year, on an average 2,150 workers per month were going to Malaysia, but this has increased to 2,430 workers per month as of May in 2015. U Kyaw Htin Kyaw, secretary of Association of […]

First coal project in Yangon cancelled as MoU expires

The 279-megawatt-capacity coal-fired plant was to be developed in Htantabin township by Huaneng Lancang from China and Htoo Group of Companies from Myanmar. “We have been officially informed by the companies that they cannot proceed with the project because of port problems,” said U Aye San, director general of the Department of Hydro Power Implementation. […]