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Kachin residents urge govt to stop quarrying on island

Kachin residents have urged the government to stop large-scale gold mining and sand quarrying on an island in the Ayeyarwady River, as the activities could harm the environment and the livelihoods of villagers. More than 600 residents from several villages in the state capital, Myitkyina, and Waingmaw township, sent a letter to the state government […]

IFC report recommends alternatives to high-risk Myitsone

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

Mandalay city to seize low-cost apartments flipped by owners

The Mandalay City Development Authority will seize apartments that have been resold and re-rented in low-cost housing buildings for squatters, a senior city official has said. U Kyaw San Myint, a member of the authority, said his office is compiling a list of people occupying the buildings on Strand Road west of Mandalay city. City […]

Urban development project commences upon approval

Construction of Phase 1 of the Amarapura Urban Development Project in Mandalay has commenced after receiving approval from the Mandalay regional government, said U Za Ye Win, information officer of Mandalay Business Capital City Development (MBCCD), which is the developer of the project. “The government plans to approve the project in phases,” U Zaw Ye […]

China says will keep talking to Myanmar over stalled dam scheme

BEIJING: China said on Wednesday it will continue to talk to Myanmar about a controversial stalled dam project, after Myanmar’s new energy minister cast doubt over the scheme. Valued at US$3.6 billion, the Myitsone dam project in the north of the former Burma has been a sticking point between the two countries since the previous […]

Big dams can wait, Myanmar overhauls energy strategy

NAYPYITAW (Reuters) – Big hydropower dams are not a priority in Myanmar’s strategy to tackle chronic power shortages, the country’s new energy minister said in an interview that cast doubt over a controversial China-backed project in the country’s north. Already the construction minister, Win Khaing has overhauled the poor Southeast Asian country’s power strategy since […]

Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Mandalay likely to hit US$600 million FDI target for 2017-18

The Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and […]

World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]

Multi-purpose container barge service starts

The Ministry of Transport and Communications has started the Inland Water Transport (IWT), a multi-purpose container barge service to transport goods along the Ayeyarwady River and containers in the Yangon River. The service was started to reduce transportation costs and relieve congestion on the road. Ten trips with 40 containers per trip were transported by […]