Over 400 Bago farmers prosecuted for failure to repay loans

Myanmar Agricultural Development Bank (MADB) has announced that over 400 farmers from across 15 townships within Bago Region are currently facing prosecution for failing to repay agricultural loans issued to them with some due in 2012. Sixty-seven farmers are being prosecuted in Thegon township, 56 in Waw township and 47 in Thanatpin township. “The main […]

Myanmar sees record arrivals in 2015

MYANMAR attracted a record 4.2 million visitors in 2015, with at least 800,000 entering the country by air and ship, and over 2.2 million through border checkpoints, according to the Ministry of Hotels and Tourism. In Yangon alone, over 1 million arrivals were recorded, a 13.1 per cent increase from 2014. About 815,949 of the […]

GDP growth not enough for economic progress

The advent of new government is likely to provide a short-term boost to GDP, but long-term inclusive economic growth will be more difficult, said government officials and economists at a conference this week. The two-day conference, held on January 11-12 at the Yangon Economics Institute, was titled “New Myanmar beyond 2015: The need for a […]

Hotels Sprout Up to Accommodate Increasing Tourists

Hotels are sprouting up across Myanmar to provide adequate accommodation to the increasing number of tourists, sources with the Myanmar Hoteliers Association said. A total of 340 hotels are operating across the country in 2015, compared with 290 in 2014, according to U Tin Win, chairman of the Myanmar Hoteliers Association. The number of foreign […]

Liquor drought before wine plan

The foreign liquor drought has continued for weeks since a late February move by some retailers to pull booze off the shelves, after promises of legalised imports did not materialise. Officials from the Myanmar Retailers Association head office in Yangon said they remain hopeful the government will pursue an explicit policy on alcohol imports that […]

Hoteliers claim to face double taxes for liquor licences

Hotels that serve liquor are groaning under the burdens of taxation and red tape, hoteliers have complained, as police raided hotels in Bagan on suspicion of importing alcohol illegally. U tin win, chair of the Yangon hotel zone established by the Myanmar hoteliers’ association, said the raids were the result of a misunderstanding over conflicting […]

MPT to enter agreement with Japan’s KDDI

Myanmar Posts and Telecommunications (MPT) aims to sign a partnership agreement with Japanese mobile services provider KDDI Corporation by the end of the month, according to government officials. KDDI will be the operator of state-owned MPT under the agreement, said U Than Tun Aung, a director from the Ministry’s Posts and Telecommunications Department. “The process […]

Internet providers mull a more competitive future

Internet Service Providers (ISPs) say they are preparing for competition as the sector liberalises to allow entrants in the future, though insiders say Telenor and Ooredoo’s emphasis on their mobile rollout may buy fixed-line ISPs some breathing room. With only state-run Myanmar Posts and Telecommunications (MPT) and Yatanarpon Teleport Company (YPT) currently licensed to provide […]

MPT in partnership talks

Myanmar Posts and Telecommunications (MPT) is in partnership talks with several international telecoms firms, including France Telecom, as future competitors Ooredoo and Telenor move closer to launching services in Myanmar. MPT managing director U Aung Maw said it will become a corporation separate from the ministry and is in discussion to find a foreign partner […]