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 […]

Traders seek to recoup losses on K5 billion in seized rice

About 50 rice traders from Mandalay Region and Katha, Banmauk, Htigyaing and Kawlin townships in Sagaing Region said their partner’s detention for the past two months has hurt their business. Their meeting at the Banmauk rice traders association office on Wednesday was attended by National League for Democracy MPs from Banmauk. U Aung Thein, who […]

China Showers Myanmar With Attention, as Trump Looks Elsewhere

NAYPYIDAW, Myanmar — When Myanmar’s leader, Daw Aung San Suu Kyi, wanted to hold a peace conference to end her country’s long-burning insurgencies, a senior Chinese diplomat went to work. The official assembled scores of rebel leaders, many with longstanding connections to China, briefed them on the peace gathering and flew them on a chartered […]

Belt and Road is not the only game in town

Belt and Road is not the only game in town for Myanmar. Without doubt, the scheme is important and relevant; nonetheless, it is just part of the opportunities Myanmar has access to. The government, businesses and other stakeholders should act decisively to seize the opportunities, within and beyond the Belt and Road. In the past, […]

Our leaders should ask for more financial support: Dr Thaung Han

Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions. Dr Thaung Han is an adviser of Max Myanmar Holding Co. Max Myanmar operates vehicles and heavy machinery trading and is involved in a wide range of sectors, […]