Govt’s Foreign Investment Policy to be Released this Month

RANGOON – Foreign investment policy will be announced this month after President Htin Kyaw passes a revamped Myanmar Investment Law, according to secretary of the Myanmar Investment Commission (MIC) U Aung Naing Oo. Burma’s business community has been growing impatient waiting for details of foreign investment policy after criticizing the government’s 12-part overall economic policy […]

Construction Projects by Rangoon’s Inya Lake Suspended

RANGOON — Multiple construction projects on the site of a public garden occupying a peninsula in Rangoon’s Inya Lake were suspended on Monday by city officials, and will undergo an investigation. The projects have faced criticism from the public, the media and urban planners, for misusing public space intended for general recreation, and have faced scrutiny […]

Hanthawaddy Airport Agreement in Final Stage

RANGOON — A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Rangoon, according to a government minister. U Thant Sin Maung, Burma’s Minister for Transport and Communications, told lawmakers during the parliamentary session on Tuesday […]

Two-Thirds of Disabled Children Not Enrolled in Formal Education

RANGOON — A joint report published by the United Nations International Children’s Emergency Fund (Unicef) has stated that Burma’s national education law needs to be amended, as two-thirds of the country’s 232,000 disabled children do not obtain a formal education. A 122-page report by Unicef and the Ministry of Social Welfare, Relief and Resettlement was launched in Naypyidaw on […]

More transparency needed from local business: MCRB

A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required – according to a recent report from the Myanmar Centre for Responsible Business (MCRB). There is huge variation in the approach Myanmar’s […]

As Suu Kyi heads home, solving dam deadlock remains key to improving ties between China and Myanmar

The improvement of ties between China and Myanmar still hinges on a deadlocked dam project despite Aung San Suu Kyi’s largely successful visit to China as Myanmar’s de facto leader, according to diplomatic observers. The suspension of the US$3.6 billion Myitsone project on the Irrawaddy River by Suu Kyi’s predecessor Thein Sein in 2011 plunged […]

Sule Square Project Stalled in Negotiations

RANGOON — The Sule Square project in Burma’s commercial capital of Rangoon is still under negotiation with the city’s municipal body to secure final approval of its construction, the Yangon City Development Committee (YCDC) told The Irrawaddy on Monday, because the developer has yet to fully agree to the committee’s modification demands for the project […]

Commission Approves 13 Foreign Investment Proposals During New Govt Term

RANGOON — The newly re-formed Myanmar Investment Commission (MIC) approved 13 foreign investment proposals and nine local investments over the last two months, a figure significantly lower than the same period in 2015, Aung Naing Oo, secretary of the MIC, told The Irrawaddy. Since the MIC was re-staffed in early June under the chairmanship of Kyaw Win, […]

Sule Square Project Breaches Building Regulations, Says Inspection Committee

RANGOON—The High-Rise Inspection Committee (HIC) of Rangoon’s municipal body said that the Sule Square commercial complex includes two extra floors for which the developers do not have permission to add. Construction of the 23-floor structure is nearly complete. Aung San Win, secretary of the HIC within the Yangon City Development Committee (YCDC), told The Irrawaddy […]

Burma Removes Hundreds of Names from Blacklist

RANGOON — The names of some 600 foreign and Burmese nationals were removed from Burma’s blacklist, the Ministry of Labor, Immigration and Population told The Irrawaddy on Thursday. A move that was pledged by Union minister Thein Swe as part of his ministry’s 100-day plan, led to the removal of 607 names—more than 200 Burmese and 300 […]