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Myanmar Aims to Harmonise Hotel Industry, Environment

The newfound political stability in Myanmar since the peaceful transition to democracy began two years ago has led to a boom in the country’s hotel industry, buoyed by the influx of tourists. But in the rush to construct more hotels to provide accommodation for the bourgeoning tourism sector, issues related to environment and environmental conservation […]

Government Orders Cut in Teak Production, Bans Private Timber Operations

YANGON — The government has ordered timber production be reduced by 40 percent in the 2017-18 fiscal year, while banning private timber operations altogether, according to the Naypyitaw Forestry Department. The department will oversee the production of only 15,000 tons of teak and 350,000 tons of hardwood from forests across the country. According to the […]

Myanmar’s Tanintharyi Region Invites Power Investments

PEOPLE’S thirst for electricity would create a lot of opportunities for investors to do business in Myanmar’s Tanintharyi region bordering Kanchanaburi Province. Kyaw Kyaw Win, a small-scale food manufacturer living in Dawei, the capital of the region, said locals were eager to welcome any bid to boost access to electricity by the authorities as long […]

Global standards issued for local coffee producers

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]

Proposed Gemstone Legislation Risks Leaving Flawed System Intact

The proposed Gemstone Law, currently under discussion in the national legislature, would largely perpetuate many flaws in the governing framework created by the then-military-led government in 1995, according to Natural Resource Governance Institute (NRGI). In July 2016, the new NLD-led government decided to suspend issuing jade and gemstone licences until relevant laws could be reviewed […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Myanma Timber Enterprise to Respond to Danish Teak Sanctions

​​ Danish authorities have made a ruling to place injunctions on all seven Danish operators bringing Myanmar teak into the Scandinavian country. Myanma Timber Enterprise (MTE) has plans to respond to the sanctions placed on the entire Myanmar teak industry, according to U Khin Maung Kyi, deputy general manager (extraction) of MTE. “We will somehow […]

Government to Tackle Legal Timber Docs

Timber exporters are scrambling to respond to the conviction in a Swedish court of a company accused of importing Myanmar teak without sufficient proof that it was legally traded. The importer, Almatra Nordic, had been prosecuted under the EU Timber Regulation (EUTR), which bans placing illegal or high risk wood on the EU market. The company had […]

MCL Transports 150,000 Tons of Coal for Factory’s Operation

Mawlamyine Cement Limited (MCL) has already transported 150,000 tons of coal to its factory site in the Pyartaung Mountain area, Kyaikmayaw Township, Mon State. With permission from Myanmar Investment Commission and Myanmar Seaport Authority, MCL has been transporting coal up Attaran River in order to power its operations, since February, 2015. “Starting in early 2017, […]