Effective legal action to be taken against corrupt civil servants after amending anti-corruption law

The peace talks between State Counsellor Aung San Suu Kyi and residents from different fields took place in Mawlamyin, Mon State on June 14. (Photo-State Counsellor Office) The government will be able to take effective legal actions against corrupt civil servants after an anti-corruption law has been amended and control authorized personnel not to misuse […]

Yangon Lawmakers Call Local Govt’s Industrial Zone Projects ‘Unrealistic’

YANGON — Yangon lawmakers have criticized the industrial zone projects of the regional government as “unrealistic.” Lawmakers on Tuesday discussed the regional government’s plan to establish 11 new industrial zones on the city’s outskirts. It was announced by Yangon Region Chief Minister U Phyo Min Thein last month on the sidelines of the Yangon Investment […]

Relaunching Myitsone Hydropower dam could win investor confidence in Myanmar

Myanmar President U Win Myint on Thursday started a visit to Thailand, where he will attend the 8th Ayeyawady-Chao Phyra Mekong Economic Cooperation Strategy (ACMECS) Summit. The summit is intended to promote regional economic integration by narrowing the development gaps among the five member countries – Cambodia, Laos, Myanmar, Thailand and Vietnam. In 2015 when […]

Local company to invest in tourism, logistics in Kayah State’s Hoyar area

A local company has submitted a proposal to the state government to provide tourism and logistic services in Hoyar area after the Kayah State Investment Forum was held, according to the Kayah State Minister of Natural Resources and Environment U T Yal. Sut Pai Company and government departments are conducting field surveys in the proposed […]

Myanmar VP calls for more efforts to attract intra-ASEAN travelers

YANGON, June 13 (Xinhua) — Myanmar Second Vice President U Henry Van Thio called for more efforts to attract intra-ASEAN travelers to the country, Myanmar News Agency reported Wednesday. Addressing the opening of the the Myanmar Tourism Conference in Nay Pyi Taw Tuesday, U Henry Van Thio urged for targeting Eastern countries of China, Japan, […]

Myanmar to construct national water resources committee headquarters with World Bank loan

YANGON, June 13 (Xinhua) — Myanmar has borrowed 10 million U.S. dollars’ loan from the World Bank to construct the headquarters of the National Water Resources Committee (NWRC) , the official Global New Light of Myanmar reported Wednesday. Along with the headquarters, a hydro-informatics center will also be built, Dr. Khin Ni Ni Thein, secretary […]

Myanmar builds US$20.9 M worth offshore fixed pilot station

Myanmar is building a US$20.9 million worth offshore fixed pilot station, according to Myanma Port Authority (MPA). International bulk carriers enters Yangon port from the mouth of the sea 67 kilometers away from Yangon. Chief navigation officers from the MPA gave command and controlled the carriers to enter and exit the port safely. Currently the […]

GAP system encouraged for export in Myanmar

The department of agriculture is implementing growing of vegetables and culinary crops such as rice, beans, pulses and corn using a Good Agricultural Practices (GAP) system in some States and Regions which could help Myanmar’s agricultural industry better access export markets. Coffee grown with the GAP system enters international market successfully. In order to export […]

Warm response seen to ‘Myanmar Insight’ in Bangkok

GIVEN the rising interest in Myanmar’s economy this year, nearly 500 Thai businesspeople are expected to gather at the Myanmar Insight 2018 to be held in Bangkok next month, according to Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). He said at a press conference yesterday that the event would be held […]

Singapore Myanmar Investco in share sale agreement to dispose unit for US$10.8m

MAINBOARD-listed Singapore Myanmar Investco (SMI) on Monday announced that its subsidiary, Myanmar Infrastructure Group (MIG), has entered into a US$10.8 million share sale agreement with Tiger Infrastructure for the proposed disposal of its 99.9 per cent-owned indirect subsidiary, TPR Myanmar. TPR, which was incorporated in Myanmar in 2014, is a subsidiary of MIG, and the […]