Govt mulls rejection of US$300 million loan from China

Thanks but no thanks, the Myanmar government may be preparing to say to a major Chinese lender. As Foreign Minister Daw Aung San Suu Kyi discussed the future of the controversial Myitsone dam project and other aspects of Myanmar-Chinese relations in Beijing, questions were being raised as to whether the country needs to take on an additional […]

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 […]

Shell to Start Oil Exploration This Month

The government had earlier invited tenders from international companies for onshore and offshore exploration of oil and gas and Shell won the rights for AD9 and AD11 offshore sites in Rakhine and the MD5 site in Tanintharyi. Shell will partner with Japan-based Mitsui Oil Exploration Co Ltd. The Japanese group will also own 10 percent […]

Myanmar govt, Facebook to purge hate speech accounts

The Myanmar government is set to work with Facebook to delete any accounts on the social network that post hate speech or incite personal attacks during the upcoming election, the President’s Office said. Zaw Htay, director of the President’s Office, told the Democratic Voice of Burma that the government has reviewed Facebook’s community standards, and […]

Myanmar rice exports to resume

The Myanmar Commerce Ministry plans to lift a temporary ban on rice exports, which was imposed due to shortages and inflation during last month’s flood disaster across the country, a senior official said. Permanent secretary to the ministry Toe Aung Myint said the government was moving ahead with the measure following a proposal by the […]

Provocative Facebook posts may be banned ahead of Myanmar elections

YANGON: The Myanmar government will join hands with Facebook to remove any posts that may incite violence during the upcoming election campaign period. The country is set to go to the polls on Nov 8. Due to an increase in Facebook and mobile phone users across the country, authorities said they are concerned some netizens […]

Swedish retailer express concern over wage implementation

Swedish clothing retailer H&M has expressed concern about delays to implement a minimum wage in Myanmar according to a statement from the company on 20 July. The company says in the statement that it,‘welcomes the efforts of the Myanmar Government to enact the Minimum Wage Law; however, we are concerned that it has not been […]

Myanmar census reveals huge urban-rural divide

In April last year, the Myanmar Government conducted its first population census in three decades. The results were released late last month (followed by a day-long hackathon to make the census data more readable). The project, supported by the UN Population Fund, has taken over three years and cost over US$60 million. Sectoral reports are […]

Oceanic leads Myanmar’s mobile hook-up

Wellington-based Oceanic Communications has taken giant strides into what is considered one of the world’s last two bastions of mobile phone networks, Myanmar. Oceanic is part of a successful bid by global communications giant Ooredoo for one of two mobile phone licences awarded to private companies by the Myanmar (formerly Burma) Government. Ooredoo is building […]

Myanmar stock exchange plan stall

A Japanese plan to help open a stock exchange in Myanmar in October 2015 is stalled due to difficulty recruiting suitable staff and finding companies with potential to list on the market.  Japanese securities company Daiwa Securities Co pioneered an attempt to develop a stock market in Myanmar by leading its affiliate Daiwa Institute of […]