Hluttaw approves fisheries university plan

A fisheries university is being planned for the country, primarily to develop the fishery sector, which could eventually generate employment and help reduce poverty. The Agriculture, Livestock and Fisheries Ministry have submitted a proposal at the Amyotha Hluttaw, said Dr Tun Lwin, deputy permanent secretary of the ministry. The proposal hints at the opening of […]

Ministry, NGOs cooperating on education reform

At yesterday’s meeting of the Amyotha Hluttaw in Nay Pyi Taw, Deputy Minister for Education U Win Maw Tun said the ministry is conducting educational reform by cooperating with Non-Government Organisations (NGOs) in sectors and sub-sectors. The Deputy Minister was responding to a question by U Mahn Law Moung of Constituency 8 in Chin State […]

Fixing the Myanmar economy

Major structural overhauls have to be carried out so the country can maximise its potential for growth. Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of […]

Draft Companies Law designed to remove obstacles for foreign investment

A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]

National Prosperity Company under scrutiny on gold debt to gov’t

Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]

North Petro Chem Corporation Ltd of China exploring gas field in Ngahlaingtwin area

Deputy Minister for Electricity and Energy Dr. Tun Naing described joint oil and gas exploration and production projects between Myanma Oil & Gas Enterprise (MOGE) and North Petro Chem Corporation Ltd of China to yesterday’s meeting of the Amyotha Hluttaw. The deputy minister said North Petro Chem Corporation Ltd signed a PSC with MOGE for […]

Tech transfer clause linked to enactment of IPR law

The inclusion of the technology transfer clause in contracts inked in Myanmar by foreign firms will only take effect after the Intellectual Properties Right (IPR) law is enacted, said Deputy Minister for the Ministry of Planning and Finance U Maung Maung Win. Speaking at the Amyotha Hluttaw session yesterday, he said, “When the IPR law […]

Ministry to Set Up Industrial Zone in Paletwa

The Ministry of Industry has decided to set up an industrial zone in Paletwa township, Chin State, according to Union Industry Minister U Khin Maung Cho on May 25. That industrial zone is aimed for the development of value-added small and medium-sized enterprises (SMEs). Those SMEs include Chin traditional loom business, coffee industry and ginger […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

Five Content Providers to be Announced at The End of This Month

​​ Five content providers in a shortlist of ten companies will be announced at the end of this month, said Dr Pe Myint, from the Ministry of Information. The minister made his remarks when he explained the ministry’s work progress and future tasks to MPs at the dinning hall after the regular session of the […]