Consultation on draft mining EIA guidelines begins

Comments are invited on the two draft documents intended to guide those undertaking Environmental Impact Assessments (EIA), Initial Environment Examinations (IEE) and Environmental Management Plans (EMP) for the mining sector, including gemstones and jade, before June 15. This serves as part of efforts from the Myanmar Centre for Responsible Business (MRCB) to follow up the […]

New Myanmar-China economic zone in the works

Negotiations are underway between Myanmar and China for the construction of a Chinese economic zone to promote Myanmar manufacturing and tourism, U Yan Naing Tun, director general of the Department of Trade under the Ministry of Commerce told The Myanmar Times last week. This comes after the two countries last year signed an MOU to […]

Interview with Myanmar’s transport and infrastructure chief

Picture a busy intersection in a Southeast Asian city, and you’ll find yourself surrounded by motorbikes revving and swerving through the traffic. Not in Yangon, though. Myanmar’s largest city banned motorbikes in 2003, making it fertile ground for building affordable and reliable public transport. For the first time in its modern history, the country is […]

Government to link Dawei to Mawlamyine station

Myanmar will invest in building the necessary infrastructure needed to link Dawei in Tanintharyi Region to a power station in Mawlamyine in Mon State, enabling Dawei to gain access to electricity, said Dr Tun Naing, deputy minister at Ministry of Electricity and Energy (MOEE). This will involve a 60-mile, 66 kilovolt power transmission line linking […]

ADB Partners with Yoma Bank to Support SMEs in Myanmar

The FINANCIAL — The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Yoma Bank on January 26 signed an agreement to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar. “We are excited to welcome Yoma Bank as the newest TFP partner,” said […]

YSH’s real estate head upbeat on their Yangon landmark project

Cyrus Pun, Executive Director of Yoma Strategic Holdings Ltd, says the Yoma Central is considered one of the largest foreign direct investments in Myanmar’s real estate sector with an investment of more than US$700 million. In a recent interview with Mizzima, Mr Cyrus Pun said the landmark project is important for the real estate sector […]

Clean water for Dala

A project focusing on developing access to clean water has been implemented in seven locations of Dala township, located across Yangon’s river from downtown Yangon, which remains underdeveloped. The project is carried out between Yangon city development committee and the Asian Development Bank (ADB). It is expected to be completed by mid-2018, said Dr Aung […]

Parents in the dark regarding basic education reforms

To meet international standards, the new curriculum – focusing on requisites for the 21st century – was drawn up by local and foreign experts Over the past five academic years, a noticeable change in Myanmar’s education sector – which was gradually undergoing transformation since 2010 – was the reformation of its basic education curricula. Commencing […]

New Companies Law Submitted to Parliament

NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]

Our leaders should ask for more financial support: Dr Thaung Han

Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions. Dr Thaung Han is an adviser of Max Myanmar Holding Co. Max Myanmar operates vehicles and heavy machinery trading and is involved in a wide range of sectors, […]