IFC, partners working toward boosting Myanmar rice industry

YANGON, MYANMAR — IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry. The MoU aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading […]

Myanmar’s Planning and Finance Minister Submits Resignation

NAYPYITAW — Planning and Finance Minister U Kyaw Win has submitted his resignation to the president amid reports that he is being investigated by the Anti-Corruption Commission and the Bureau of Special Investigation (BSI), sources close to the matter told The Irrawaddy. Since last week, news reports have circulated alleging that the minister and his […]

Disaster-prone Myanmar presses alert button as monsoon looms

Vice President U Henry Van Thio is a possessed man, running here and there, to check on the preparations of local governments in response to the perennial threats of the monsoon, which is just around the corner. The vice president, who is also chairman of the National Natural Disaster Management Committee, assured that he will […]

Bridges and roads part of Myanmar’s New Yangon development

At least two bridges and dozens of kilometres of roads are part of phase one of an ambitious Myanmar plan to build a new city. Other infrastructure projects are an industrial zone, a power plant and water and sewage treatment plants, according to the newly created overseeing body, New Yangon Development Corporation – NYDC. The […]

U.N. rights investigators hit ‘beast’ Facebook’s role in spreading hate speech amid Myanmar crisis

GENEVA – U.N. human rights experts investigating a possible genocide in Myanmar said on Monday that Facebook had played a role in spreading hate speech there. Facebook had no immediate comment on the criticism on Monday, although in the past the company has said that it was working to remove hate speech in Myanmar and […]

What Next for Myanmar’s New Anti-Drug Strategy?

Though a new policy signals a shift to a more comprehensive approach to the problem, the true test will be in its implementation. On February 20, Myanmar, one of the world’s largest drug-producing countries, finally launched a new national drug control policy after years of deliberations. Though the document does signal a shift to a […]

Local tour agencies urged to register

Companies in the tour and travel business have been advised to register their operations and obtain proper licenses, failing which they will be liable to fines. U Muang Muang Aye, vice chair of the Domestic Pilgrimage and Tour Operators Association, made the call on Tuesday in the face of a surge in tourism and the […]

Tussle over Myanmar bank reform puts spotlight on debt pile

NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]

MoU signed in Rakhine for mega projects

SITTWE – With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30. The mega projects are construction of Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of […]

Famous Myanmar fortune teller ‘ET’ remembered as ‘genius’ after death

SWE SWE WIN, a famous Myanmar fortune teller widely known as “ET”, passed away at 4.20am yesterday, local media outlets reported. She died at the age of 58 at her home in Thingankyun Township, Yangon. Her body will be buried in Yayway cemetery tomorrow. ET was very famous both at home and abroad, thanks to […]