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Myanmar govt lifts some virus measures, extends remaining ones until June 15

The Central Committee on Prevention, Control and Treatment on COVID-19 on May 28 announced that it will be extending virus prevention measures (excluding those measures lifted) until June 15. Additionally, the Ministry of Health and Sports said that it has lifted some of the measures imposed to curb the spread of the coronavirus on the […]

Myanmar, Cambodia pin hopes on China tourists for post-pandemic restart

Tourism authorities in Myanmar and Cambodia are eyeing to recapture the Chinese market once travel resumes. At the latest meeting of Mekong Tourism Advisory Group (MeTAG), Hla Myint, director (promotions department) at Myanmar’s Ministry of Hotels and Tourism, said the ministry has held virtual meetings with a number of Chinese tour operator representatives this week. […]

Myanmar Airways International to continue cargo transportation

Myanmar Airways International which has been operating the Incheon-Yangon route since December 4, 2019 announced that it will continue to enhance transportation capacity by enabling loading of cargo in the passenger aircraft cabin as well as in belly space on May 20th or certain China routes, operates passenger flights with no passengers but only cargos […]

More Myanmar airlines to resume operations

Some domestic airlines in the country said that they will be resuming their operations starting at the end of this month. Air Thanlwin, a domestic carrier, which has been temporarily suspended its flights in April to curb the spread of the coronavirus, has announced that it will resume operations on May 30. The airline will […]

Microfinance institutions in Myanmar face COVID-19 cash flow crisis

Travel restrictions, government orders to defer repayments and lend at lower interest rates have reduced the ability of microfinance institutions (MFIs) in Myanmar to operate at a time when there is a pressing need for capital from the rural population due to COVID-19. The inability to collect repayments from some borrowers has led to road […]

Myanmar’s hasty solar tender draws criticism from investors

The Ministry of Electricity and Energy (MOEE) is being criticised by the business community over a recent tender for solar power, with key foreign investors pressing for more time to prepare bids and for tough conditions to be revised. The tender, issued by the ministry’s Electric Power Generation Enterprise (EPGE) on May 18, invites companies […]

Ex-Regional Chief Minister Jailed for 30 Years in Landmark Myanmar Corruption Case

YANGON—Former Tanintharyi Region chief minister Daw Lei Lei Maw was sentenced to a total of 30 years in prison for bribery on Friday, becoming the most senior official ever to be jailed under the country’s Anti-Corruption Law. The Tanintharyi Region Court handed down sentences in four cases against her and three others on Friday after […]

ADB to extend loans in support of development in Myanmar

Myanmar is planning to take a US$60 million loan from the Asian Development Bank (ADB) to establish a Credit Guarantee Corporation (CGC), U Maung Maung Win, the Deputy Minister for the Ministry of Planning, Finance, and Industry, said in Parliament on May 21. The proposal was sent by the President. U Maung Maung Win said […]

Xi Hopeful on Belt and Road Projects in Myanmar During COVID-19

YANGON—Chinese President Xi Jinping expressed hope that Myanmar will speed up cooperation with China to implement its ambitious infrastructure projects in the country during a recent call with Myanmar President U Win Myint. In the phone conversation on Wednesday, Xi said that he is expecting the two sides will cooperate closely and speed up the […]

Developer issues tender for Ayeyarwady LNG power plant

The Myanmar-Chinese developers of a major liquefied natural gas (LNG) power plant for Ayeyarwady Region have issued a tender with a one-week deadline for companies to enter the prequalification stage. The proposed 1390MW LNG power plant is to be built in Shwethaungyan township’s Mee Lin Gyaing area, a greenfield site about 250 kilometres from Yangon. […]