National Security Adviser Named New Head of Govt Investment Body

MANDALAY — Government Office Minister and national security adviser U Thaung Tun has been appointed chairman of the Directorate of Investment and Company Administration (DICA). Wednesday’s announcement of the appointment by DICA followed last month’s resignation of Planning and Finance Minister U Kyaw Win, who also chaired the investment body and is under investigation for […]

Yangon’s new city vastly ambitious but govt’s role called into question

YANGON’S government has formed a company to develop a landmass twice the size of Singapore as a re-launch of the “new city” development project abandoned last year. While officials has gone as far as comparing the project’s ambition with the urban development of China’s Shenzhen, a business leader has called into question why the government […]

NLD government to face tougher challenges in 2018

Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]

Raising the Role of Women in the Myanmar Economy

Women in Myanmar have taken a more significant role in the economy, although much more can be done to narrow the gender gap. Myanmar ranks 83 among 144 nations in the World Economic Forum’s Gender Gap Report 2017, which is higher than major Asian economies including China and South Korea as well as its neighbours […]

UEHRD says Rakhine harvest will be returned to owners

THE harvest in northern Rakhine will be returned to their owners, according to the committee which is headed by State Counsellor Daw Aung San Suu Kyi to help bring peace and development to the region. The Union Enterprise for Humanitarian Assistance, Resettlement and Development in Rakhine (UEHRD) released a statement yesterday saying that the paddy […]

Naypyidaw’s long awaited dawn

Myanmar has taken a giant step towards democracy, even as it is shackled by the Army, which will do everything to turn the clock back. But, fortunately, the country has the rare gift of a leader who is highly intelligent Myanmar has been in the news in recent weeks generally for one single reason, namely […]

Beyond China: Nation must diversify FDI

While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]

Govt urged to establish Belt and Road taskforce

From tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]

IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project

The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region, operated by the Shwe Taung Conglomerate. The firm’s chairman, Aik Htun, had been alleged by US authorities to have had ties to the drug […]

Government to open vocational training schools for dropouts in Yangon

The Yangon government and the Ministry of Education will start collaboration in running vocational training schools in the region to help youth dropouts find gainful employment, Yangon Chief Minister U Phyo Min Thein said. “Children who drop out from school will finally have a chance to get access to education that they can afford,” U […]