Global economic instability drives the rubber price to decline

Rubber prices in Myanmar have declined due to global economic instability, particularly in durable goods markets and petroleum which are closely linked to rubber said U Khaing Myint, the general secretary of Myanmar Rubber Planters and Producers Association. Since May, a tonne of Myanmar rubber sold for about US$1,400 whereas the rubber price hit US$1,800-2,000 […]

Ministry to Develop Specialized Textile and Garment Zone

​​ The union minister for industry has said that 127 acres of land in No.1 Garment Factory located in Shwe Taung, Bago Region, will be transformed into a Specialized Textile and Garment Zone (STGZ). Khin Maung Cho, said the ministry will invite potential local and foreign investors to develop the zone to manufacture high quality […]

Myanmar moves ahead on airport

YANGON, 30 December 2016: Myanmar’s vice president, U Henry Van Thio, has called for a show of transparency to ensure the Hanthawaddy International Airport project becomes a showcase for the country’s tourism development. Global New Light of Myanmar quoted the vice president saying the airport, once completed will become a major gateway for international airlines. […]

Govt Urges Officials to Find Ways to Reduce Impact of Regional Crop Prices on Farmers

Vice President U Henry Van Thio, who leads the Committee for Protection and Promotion of the Interests of Farmers, addressed the Coordination Meeting for Reduction of Impact of Regional Crops Prices yesterday. The vice president said paddy prices in major rice production regions in Myanmar such as Ayeyawaddy Region, Bago Region, Yangon Region, Sagaing Region […]

Hanthawaddy Intl Airport Awaiting Loan From Japan

Hanthawaddy International Airport, a state-of-the-art airport project slated for development in Bago Region, will be ready for construction once the Myanmar receives the US$706 million loan pledged by the Japanese government, said an official from the Ministry of Transport and Communication. “The feasibility report and final report have been done. But Japan’s overseas development aid […]

DCA hopes to tie up Hanthawaddy airport deal by the end of this year

A Final concession agreement between the Department of Civil Aviation and a consortium building a major new international airport in Bago Region known as Hanthawaddy International Airport should be complete by the end of this year, according to a DCA director. Myanmar has been trying to build the airport for two decades, but delays have plagued […]

Myanmar invites tender for building overbridge highway linked to new int’l airport

Xinhua News Agency | Tue,2016-08-16 Myanmar invites tender for building overbridge highway linked to new int’l airport YANGON, Aug. 16 (Xinhua) — Myanmar’s Department of Civil Aviation is inviting tender from home and abroad for building an overbridge highway to link downtown Yangon with the Hanthawaddy International Airport under construction in Bago region, the local Voice […]

Local firm plans Daewoo bus factory in Yangon

Myanmar Coach Centre, the local distributor for Daewoo buses, plans to build a factory in Yangon that could start producing coaches and city buses by 2018, its managing director said. The company, which sells minibuses and coaches for tours, imported 15 Daewoo city buses earlier this year for Yangon’s Bus Rapid Transport (BRT) system, the […]

Over 400 Bago farmers prosecuted for failure to repay loans

Myanmar Agricultural Development Bank (MADB) has announced that over 400 farmers from across 15 townships within Bago Region are currently facing prosecution for failing to repay agricultural loans issued to them with some due in 2012. Sixty-seven farmers are being prosecuted in Thegon township, 56 in Waw township and 47 in Thanatpin township. “The main […]

Guest registration changes tipped to win NLD ‘goodwill’

“Midnight inspections” – raids on the homes of suspected dissidents and opponents of the former regime – could be a thing of the past. But observers have warned that the proposal by the National League for Democracy to scrap this practice would leave many other repressive laws in place. On March 21, the NLD proposed abolishing the […]