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Helping Yangonites stay fighting-fit

“I have been working out for a while now,” a 50 year old Indian man said, after completing a set of bench presses. He continued “I love being part of a community, and keeping fit with new friends.” With a preference for weight training, he ventured into his first Zumba class last week. “It was […]

Myanmar planning to install vessel monitoring system to control illegal fishing

Myanmar is planning to install vessel monitoring system on all offshore fishing vessels in order to control illegal fishing in the country’s territorial waters, according to the Ministry of Agriculture, Livestock and Irrigation on Friday. The installation of the system before the new fishing season is aimed at ensuring fish is caught within the designated […]

Restructuring, cost efficiencies needed to lift MNA out of the red

Despite launching new international routes and enjoying higher passenger load factors, Myanmar National Airlines (MNA) is still in the red. This is now prompting calls for an overhaul of its cost structure and a plan to upgrade existing infrastructure such as the airline’s payment systems, moves that may well give the airline a second lease […]

New Chinese Ambassador Vows to Seek ‘Practical Cooperation’ with Myanmar on BRI Projects

China’s new ambassador to Myanmar said he would push for deeper “practical cooperation” on Beijing’s grand infrastructure projects in the country while working to advance bilateral relations. One day after President U Win Myint accepted the credentials of Ambassador Chen Hai in Naypyitaw, the Chinese Embassy issued a statement on Wednesday regarding their discussion in […]

Economy outlook positive pending reform acceleration, says World Bank

After a period of volatility during the six-month transition period between April and September 2018, growth in Myanmar has stabilised and the economy is expected to expand at a rate of 6.5 percent in the current 2018-19 fiscal year, according to the World Bank’s June 2019 Myanmar Economic Monitor. Supported by higher productivity in the […]

Myanmar to reduce use of child labour at workplaces

Though more than 600,000 children are still engaged in work that harms their health, safety and well-being, Myanmar is trying to implement a national-level project to eradicate child labour, Nyunt Win, director-general of the factories and general labour laws inspection department, said. “Myanmar is undertaking several reforms in multisectoral development and the labour, immigration and […]

As a child, she fled violence. Now her fists could bring her stardom

Naw Phaw Law Eh was only 16 when she left her family and moved to Yangon. She arrived in the hectic metropolis with little more than the nickname “Eh Eh,” given to her by her mother, and some judo gear. Eh Eh migrated to join the judo program operated by the Myanmar Ministry of Sports. […]

IFC takes stake in Yoma Bank in first for Myanmar

Yoma Bank has become Myanmar’s first commercial lender with a foreign stakeholder following a decision by the International Finance Corporation (IFC) to convert a US$5 million loan into a five percent equity shareholding. The IFC, the investment arm of the World Bank Group, provided the convertible loan package to Yoma Bank in 2014 to help […]

Yangon builds eight wharfs within three-year time

Authorities built eight new wharfs in Yangon within three-year time and the cargo handling process is being carried out with 41 wharfs, according to Myanma Port Authority (MPA). Myanmar coast has 1,385 miles in length and nine ports are built along the coastal area. Yangon port is a major port and handling more than 90 […]

Interest in retail, wholesale sector continues unabated

Two years after the Myanmar Investment Commission’s announcement, the Ministry of Commerce (MOC) has permitted nine wholly foreign retail and wholesale providers to operate in the country. These include investors from Japan, Thailand, US, Singapore, and the Netherlands. The nine non-Myanmar companies are able to secure a green light from the authorities since the government […]