Nay Pyi Taw, 10 May 2019 – A new initiative will introduce sustainable rice-growing practices to farmers across Myanmar, with the goal of reducing vulnerability to climate change and natural disasters, project partners announced today. The Climate Smart Rice Project will introduce sustainable standards and best practices to 4,000 smallholder farmers around Mandalay, southern Shan, […]
More FDI expected in power sector in five years
May 15, 2019 by
Myanmar’s power sector will spearhead growth in the infrastructure industry and draw the bulk of foreign direct investments (FDI) over the next five years, Fitch Solutions Macro Research said in a report released April 23. With just 40 percent of all households enjoying access to electricity as at September 2017, which is amongst the lowest […]
Myanmar woos foreign investors to ‘fast-growing’ Yangon
May 15, 2019 by
WITH MAJOR infrastructure and logistics initiatives being pushed, on top of being home to seven million people, foreign investors should not hesitate to invest in Yangon, officials told the Yangon Investment Forum 2019 on Friday. Thaung Tun, chairman of the Myanmar Investment Commission and Union minister for investment and foreign economic relations, said Myanmar’s commercial […]
Central Bank Cautions Public on Digital Currencies
May 14, 2019 by
YANGON—The Central Bank of Myanmar warned against the use and trade of digital currencies and cryptocurrencies, including Bitcoin, saying the buying, selling or exchange of digital currency can lead to losses on the consumer’s side. On Friday, the Central Bank released a statement saying it is the sole issuer and supervisor of the domestic currency […]
Yangon American International School to open in August
May 14, 2019 by
The Yangon American International School for primary and post primary students will be opened in August, said school principal Mr Robert Crutchfield during a press briefing on Thursday. The school, which is located along the Yangon-Insein road in Hlaing township, is receiving an average of 100 inquiries per day from parents interested in sending their […]
China’s Dynamic Grip on Myanmar
May 14, 2019 by
China’s influence in Myanmar manifests on three different levels. At the bilateral level, the government and the military establishment of Myanmar receives diplomatic dividends for maintaining good ties with China. At the domestic political level, China’s relations with the country’s ethnic organizations makes it an important stakeholder in the ongoing reconciliation process. Finally, at the […]
Govt to invite investors for poppy-substitute efforts
May 14, 2019 by
The parliament was to discuss incentives that would entice private companies in poppy-substitute projects in the country in a bid to help reduce, if not eradicate the drug menace, a member of the parliament said. Member of parliament Daw Khin Hnin Thit representing Padaung township in Bago Region proposed to tap private investors as the […]
A Renewable Vision for Myanmar
May 14, 2019 by
Myanmar continues to experience a rapid increase in economic activity as it transitions into an open market system. With that, power demand continues to increase—for modern amenities like air conditioning and power for industrial factories. This is especially true in the economic hubs of Yangon and Mandalay. In the last few weeks it has come […]
High-speed train system to appear in Yangon soon
May 13, 2019 by
Yangon is the largest economic centre across the country and its transport systems are also essential to economic activities and quality of life of its people. At a time when Yangon is making strenuous efforts to develop a world-class metropolitan, urban public transportation plays a leading role for enabling travelling people to move from one […]
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