National Mining Policy Needs Total ‘Rethink,’ Report Finds

CHIANG MAI, Thailand — Myanmar needs a new mineral resources policy and fresh laws developed through a transparent and consultative process if the mining sector is ever to be sustainable, the Myanmar Center for Responsible Business (MCRB) said at the launch of a sector-wide impact assessment (SWIA) report on March 8. The fourth SWIA based […]

When Yangon is shaking

Is the former capital ready to resist a strong earthquake? Ko Kyaw Zin Latt lives on the 7th floor of a seven-storey building. On a normal day, he relaxes and enjoys the view over Yangon. But on January 12, he enjoyed the shakes instead. That day, an earthquake of magnitude 6.0 on the Richter scale […]

IFC, Australia Back Nationwide Study on Myanmar’s Hydropower

AS MYANMAR needs more electricity to realise its development goals during the first civilian government’s term, two ministries have been holding a series of discussions until the third week of January to finalise the countrywide strategic environmental assessment (SEA) on hydropower potential by March. The series of discussions started with a stakeholder meeting in Myitkyina, […]

Garment Industry Must Raise Value Proposition to Stay Sustainable

2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]

Foreign Investment Reaches US$4.7 Billion so Far in 2017-2018

Foreign investment volume has reached more than US$4.7 billion until November of the 2017-2018 fiscal year, a source from the Myanmar Investment Commission said. The meeting No 16/2017 of Myanmar Investment Commission was held at the office of Directorate of Investment and Company Registration in Yangon on November 30. The meeting granted a permission to […]

Carlsberg Builds a Beer Empire in Myanmar

Carlsberg Group, the Denmark brewer of Carlsberg beer, is expanding fast in Myanmar. Last month, the brewer opened its 1000th draught outlet in the country, four years after it first inked a joint venture with Myanmar Golden Star (MGS) to form Myanmar Carlsberg Co, and two years after it opened a $100 million brewery in […]

MPT expands IP-VPN service to 55 cities across Myanmar

Myanma Posts and Telecommunications (MPT) has expanded its IP-VPN service to 55 cities across the country. According to MPT, enterprise customers using the IP-VPN service can now connect hard-to-reach locations or temporary sites into their virtual private networks. The expansion of the IP-VPN network includes Myitkyina, Kathar, Monywa, Magway, Taung Dwin Gyi, Yae Nan Chaung, […]

How the new vehicle import policy could disrupt the car market

On October 16, the Supervisory Committee for Motor Vehicles Importing officially released a set of new rules stating that only left-hand-drive vehicles can be imported into Myanmar from 2018 onwards. Those rules have since ignited much criticism from car traders and other stakeholders who foresee the new import policy as having a disruptive impact on […]

Telcos vie for mobile financial services

YANGON-WHILE Myanmar is still a cash-dominated society, the nation’s three telecommunications operators are trying to change that as they vie for the lead in the country’s nascent mobile financial market. Vikram Sinha, CEO of Ooredoo Myanmar, was happy with the success of M-Pitesan, a product that allows mobile users to enjoy instant money transfers and […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]