Myanmar dam overflow floods 100 villages

Monsoon rains caused a central Myanmar dam to overflow early Wednesday, inundating about 100 villages and blocking the country’s biggest highway, a government official said. No casualties have been reported but thousands were displaced and took shelter in temporary camps. Swar Chaung dam’s spillway structure, which regulates the release of water from the levee, broke […]

MIC approves investment in new ILBC campuses

The International Language & Business Center (ILBC) has been permitted to invest $52 million to provide private educational services in Yangon, Mandalay, Nay Pyi Taw, according to the Myanmar Investment Commission (MIC). ILBC is planning to launch the new campuses in April next year. The organisation has already established 30 campuses in 9 major cities […]

Govt allows exports of raw timber produced in private plantations

Raw timber produced from private forest plantations can now be exported, U Zaw Min, deputy director general of the Department of Forestry, said last week. The development comes after the Ministry of Resource and Environmental Conservation in April 2014 suspended the export of raw timber produced from natural forests. There are a total 1.4 million […]

Myanma Apex Bank gives loans to almost 700 farmers this harvesting season

A pilot project which provides loans to farmers spearheaded by Myanma Apex Bank (MAB) and Myanmar Rice Federation (MRF) has supported almost 700 farmers for this harvesting season to date, according to the MRF. U Ye Min Aung, MRF secretary, said that the MAB has provided medium-term loans to farms in agriculture, livestock and fishery […]

Ministry plans to stabilise fuel oil price

In an attempt to control rising fuel oil prices, eight State-owned fuel filling stations will directly sell fuel at a fair price as of July 1, according to the Ministry of Electricity and Energy. Rising fuel prices are coupled with an increase in the global fuel price and currency exchange rates. The ministry will sell […]

New national agriculture strategy to drive growth, if properly implemented

The Ministry of Agriculture, Livestock and Irrigation (MOALI), with the help of Asia Development Bank (ADB), United Nations Food and Agricultural Organisation (FAO) and Livelihoods and Food Security Trust Fund last Friday launched Myanmar’s Agriculture Development Strategy (ADS) for the next five years. Building on the 2016 Agricultural Development Policy, MOALI, with the support of […]

Ministry of Construction, Request for expressions of Interest, Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 9 July 2018.

IDA Credit 5889 – MM Assignment Reference Number: C1-C2-MOC- CS- 01 Assignment Title: Rural Roads and Highways Design and Supervision (Consulting) Firm Lot Project Office Project Site Contracting Agencies Lot 1 DOH project office Nay Pyi Taw Rakhine and Chin States Department of Highways Lot 2 DRRD project office Nay Pyi Taw Ayeyarwaddy, Bago, Magway, […]

Myanmar businesses join hands for FDI

THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]

Japan mulls resuscitating failed Hanthawaddy airport proposal

Japan and Myanmar are in discussions about resuscitating the failed Hanthawaddy International Airport project, according to the transport minister. U Thant Sin Maung, Minister for the Ministry of Transport and Communication, held a meeting with Tsukasa Akimoto, Japan’s State Minister of Land, Infrastructure, Transport and Tourism in Park Royal Hotel, Yangon, on April 30. The […]

Average inflation rate hits 4.03 pc in March

The average inflation rate in March was 4.03 per cent, with the highest rates reported in Rakhine and Mandalay and the lowest in the Union Territory, according to the figures released by the Central Statistical Organization. Until March of this year, the average inflation rate in Kachin was 5.27 per cent, 4.21 per cent in […]