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Myanmar public companies trail behind private firms in corporate disclosure

Public companies in Myanmar – companies whose shares can be bought by the public – lag behind privately-owned firms in corporate disclosure and governance, according to the latest transparency report released on Tuesday. This is the fifth Pwint Thit Sa report (Transparency in Myanmar Enterprises) undertaken by Yangon-based Myanmar Centre for Responsible Business (MCRB) in […]

Protests and demonstrations a key concern for extractive companies

Protests and demonstrations pose a serious security threat to the oil and gas industry as well as mining sector in Myanmar, a recent poll among industry players showed. Yangon-based Myanmar Centre for Responsible Business (MCRB) organised workshops aiming to raise awareness of the relevance of Voluntary Principles on Security and Human Rights (VPSHR) for Myanmar’s […]

South Korean firm ink agreement on Dala Bridge

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

Yangon firm “implements” Bago industrial park without known EIA

Yangon-based Hantharwady Development Public Company has begun the implementation of the proposed industrial park in Bago Region but The Myanmar Times could not find any environmental assessment or approval regarding the project, which is required by law. Bago’s regional government has released its investment report for the last two years on July 20. A domestic […]

Clashing with the law, SEZ body to resurrect Dawei megaproject

Myanmar’s SEZ working body announced that the long-suspended Dawei SEZ project will be resurrected this October, in a move which is set to clash with the Environmental Conservation Law because there is no known site-wide environment assessment conducted or approved. U Than Myint, chair of the SEZ Central Working Body, said during a meeting with […]

Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

Luxury British Yacht Makers Vow to Examine Supply Chains

LONDON – Illegal teak from Myanmar is still likely entering the supply chains of some major luxury yacht makers and ending up as decking, says one environmental defense organization. In a statement released before the London Boat Show earlier this month, Britain’s Environmental Investigation Agency (EIA) warned that two of the show’s main exhibitors could be selling […]

Myanmar: Transparency should be the key to boost the teak market

The authorities in Myanmar were reminded by the Environmental Investigation Agency (EIA) that if they don’t clarify the flow of logs which go from the forests to the mills, the legality of the wood for export will always be doubted by the teak importers. Myanmar has been striving to ensure forest conservation and the production […]

Fate of Thai-Kayin Coal Plant Project Hinges on Assessment

​​ The parliamentary approval for a Thai coal power plant in Kayin State would depend on the results of the environment impact assessment (EIA), which is being conducted by an independent agency, a spokesman of the state parliament said. U Saw Chit Khin said the state parliament would wait for the EIA results before it decides […]

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 […]