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Drilling of new wells in Shwe gas field project to start early 2020

The overall Shwe natural gas project includes the A-1 and A-3 blocks. The A-block contains Shwe and Shwe Phyu fields and A-3 contains the Mya field. The eight development wells will be dug first at the Shwe and Shwe Phyu fields in block A-1and the work is expected to take eight months. Once the wells […]

Kevin Fitzsimmons: Myanmar’s aquaculture potential on par with Thailand

The Government of Myanmar has targeted Aquaculture as a solution to widespread malnutrition and rural poverty in the Southeast Asian nation. With its 2,000 kilometers of coastline, Myanmar has the potential to reach the production levels of its neighbor, Thailand, as a seafood Producer, according to Kevin Fitzsimmons, a professor in the Department of Soil, […]

Local Company Wins Gold Medal for Locally Produced Honey

Local company Smile Happy Co Ltd received recognition from the International Federation of Beekeepers’ Associations at the World Beekeeping Awards held during the 46th Apimondia Congress that took place in Montreal, Canada, in September. The company won a gold medal for its light-coloured honey during the event. “The company won the medal in Montreal for […]

Cabinet to Adopt Development Guideline for Dawei SEZ Link

The National Economic and Social Development Council (NESDC) will ask the cabinet to adopt its guidelines on infrastructure development on Tuesday, as the government seeks to start working on the long-awaited link that will connect the Dawei Special Economic Zone in Myanmar with Eastern Economic Corridor (EEC). A source said the NESDC wants ministers concerned […]

Geneva Business School – A Door to the Business World

With the economy in Myanmar expected to continue growing at a rapid pace next year, the need to build capacity and work skills becomes as important as ever. This is particularly true not just for manual labour and service jobs, but also higher end management and business positions. Those with an entrepreneurial mindset have an […]

SG-Listed Yoma To Acquire More Stake in Myanmar’s Wave Money for $6m

Yoma Strategic Holdings, a Singapore-listed, Myanmar-based diversified group, is acquiring a 10-per cent stake in Digital Money Myanmar (Wave Money), operator of the largest financial services network in the country, for at least $6 million, according to a statement. Yoma said its wholly owned subsidiary, Yoma Strategic Investments Ltd, has entered into an agreement with […]

Group Launches Campaign to Stop Fake News’ Spread

A local non-governmental organisation has launched a campaign urging people to use more critical judgment when reading news stories posted on social media. Hnin Nu Naing, outreach manager for the Myanmar ICT for Development Organisation (MIDO), expressed concern that many people believe everything they read on social media platforms such as Facebook. “People don’t believe […]

Egat Talks Power Trade with Cambodia, Myanmar

The state-run Electricity Generating Authority of Thailand (Egat) is planning to talk with power authorities in Cambodia and Myanmar to trade electricity from Thailand at a combined capacity of 500 megawatts. Patana Sangsriroujana, deputy governor for policy and planning, said Egat has been ordered by Energy Minister Sontirat Sontijirawong to talk with the two governments […]

Govt to Build More Youth Training Centres

The government will build more training schools for youths who have run afoul of the law, according to U Soe Aung, deputy minister for the Ministry of Social Welfare, Relief and Resettlement. He said one of the schools will be built in the capital, Nay Pyi Taw. “The number of children is increasing at training […]

Poll Finds Civil Service Retirees Prefer to Settle Down in Yangon

Most of Myanmar’s civil servants want to retire in Yangon, the country’s economic capital, according to a government survey. U Kyaw Lin, deputy minister of Construction, told the Amyotha Hluttaw (Upper House) on Monday that his ministry and the Ministry of Planning and Finance conducted the survey of civil servants who were due to retire […]