South Korea’s MCM Power Company will invest over US$35 million on a power generation and distribution project in Pyay township, Bago, according to U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). The gas-powered project is expected to generate 40MW of electricity. Interest in the Myanmar power sector from Hong […]
Farmers have Shirked Loan Repayments Since 2012
November 27, 2019 by
Farmers who owe some K200 billion to state-owned Myanmar Agriculture Development Bank (MADB) have not repaid their debts since 2012, according to bank records. Most of the farmers are from Ayeyarwaddy, Bago and Yangon. “These farmers need to pay what they owe to the bank. Currently, our situation is such that savings levels have fallen […]
Minimum Wage Fails to Keep Up With Cost of Living, Myanmar Labor Group Says
November 7, 2019 by
YANGON – While the current minimum wage is just 4,800 kyats (US$3.15) per day, the average cost of living per day is between 7,000 and 9,000 kyats, according to a survey by the Confederation of Trade Unions in Myanmar (CTUM). The CTUM has been conducting the survey to support adjustments to the minimum wage. The […]
Myanmar, Japan revive talks on building Hanthawaddy airport
July 11, 2019 by
Myanmar and Japan will form a joint venture and sign an agreement next year to kickstart the long postponed Hanthawaddy International Airport project located 80km north of Yangon near Bago. According to several government officials, both the Myanmar and Japanese governments have met at least four times to nail down details of the project, which […]
Hantharwady International Airport back on radar
April 3, 2019 by
The Department of Civil Aviation (DCA) will conduct a field study on the construction of Hantharwady International Airport in Bago, according to deputy director U Zaw Min on March 21, during a meeting on crop compensation for farmers living within the vicinity of the project site. The US$1.5 billion project will be fully funded by […]
Myanmar’s organic vegetables make their way to Singapore’s NTUC Fair Price
December 19, 2018 by
Organic vegetables from Myanmar have made it to the shelves of Singapore-based supermarket chain NTUC Fair Price, according to the Myanmar Fruit, Flower, and Vegetable Producers and Exporters Association (MFVP). Myanmar’s vegetables began entering cold storages in Singapore in 2017 and now, their sale has been allowed in the NTUC supermarket chain. During the trial […]
MIC approves investment in new ILBC campuses
July 23, 2018 by
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
July 13, 2018 by
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 […]
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