Local businesses propose to establish industrial zone in central Myanmar

YANGON, Sept. 2 (Xinhua) — Local businesses will submit a proposal to the regional government in Myanmar’s central Magway to establish an industrial zone there, the official Global New Light of Myanmar reported Sunday. The industrial zone was proposed to be located far from the residential area as the noise, odor and air pollution from […]

Myanmar inches slightly ahead of Laos in latest graft index

Myanmar has inched up a few positions to rank 130th in the latest annual index of countries deemed the least corrupt, from 136th in 2016. The country attained a score of 28 in graft watchdog Transparency International’s Corruption Perceptions Index for 2017. This was an incremental improvement compared to its score in 2016 (28) and […]

Over $500m Worth of Investments Flow into Mandalay Myotha Industry Park Project

Local and foreign investments worth more than US$500 million were pumped into the Mandalay Myotha industry park project in Ngazun Township, Mandalay Region, as of the second week of January 2018. The Mandalay Myotha Industrial Development (MMID) public company expects to house more than 100 plants within three years, said U Tun Tun Aung, managing […]

Major Dutch timber company found guilty of dealing in illegal teak

Dutch company Boogaerdt Hout has been found guilty of violating the European Union Timber Regulation (EUTR) for placing illegal Burmese teak on the market. The company has two months in which to clear its supply chain of illegal wood. An investigation has revealed a major Dutch timber company placed illegally sourced teak from Myanmar on […]

Developer brushes off concerns about Myotha Industrial Park

DEVELOPER Mandalay Myotha Industrial Development has brushed off human rights concerns and accusations in relation to the Myotha Industrial Park in Mandalay, while the International Federation for Human Rights argued that the process for the establishment of the park underscores the failure by the developer to conduct proper human rights due diligence. Tensions and confrontations […]

Illegal Myanmar Teak Importation Widespread to EU, Investigation Finds

The Environmental Investigation Agency (EIA) released allegations Tuesday about what it says is the illegal importation of Burmese teak from Myanmar to the EU. In a two-month undercover investigation, staff from EIA, a UK-based campaigning organization, posed as prospective buyers and approached nine importers working in five EU countries. In a brief, the organization reports […]

Telenor Group reports second quarter results, Myanmar growth

The Norway-based Telenor Group has reported positive second quarter results including continued growth in its mobile phone outreach in Myanmar, a country in the throws of a communication revolution after decades of military regime rule. Telenor and Ooredoo are the two main players competing in the largely virgin Myanmar market, helping everyone from farmers, to […]

Japan’s Weathernews opens Myanmar post

YANGON — Weathernews has opened a location here in Myanmar’s biggest city to process and produce content for its mainstay business of global climate information services for shipping companies. The company, based in Chiba Prefecture, collects and analyzes meteorological information from seas worldwide to provide weather information that helps shipping companies with tasks such as choosing safe […]

Yangon jetty plan under fire

The Lower House will discuss a proposal urging the government to suspend the construction of a jetty project on a 20-acre plot owned by the Myanma Port Authority (MPA). MP Tin Maung Win for Seikkan Township submitted that proposal, saying that round-the-clock container loading may shake Botataung Pagoda and would disrupt worship. “The President’s Office […]

Bottles Hit Shelves as Carlsberg Plays Catch Up

Carlsberg Myanmar will introduce two of its brands of beer to store shelves this week, as the business attempts to loosen Myanmar Beer’s grip on the local market, the Danish brewer said. Yoma Beer and Tuborg Beer, produced in Myanmar with domestically grown grains but other materials imported, are already available in draught form. The […]