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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 […]

Uncertainty for Dawei mounts as govt considers replacing ITD

Lack of clarity in the contract signed between Italian-Thai Development (ITD) and the Myanmar government to develop the highly controversial Dawei Special Economic Zone (SEZ) in Tanintharyi Region needs to be addressed, an SEZ official cautioned as the government is mulling plans to change the developer. Myanmar SEZ Central Working Body Secretary U Aung Soe […]

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 […]

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 […]

Stone Mining at Kayin State Quarries to Commence Without MIC Approval, Necessary Assessments

Preparations are being made by Chit Lin Myaing Company to commence stone quarrying at several quarries in Lun Nya, Kayin State, to produce aggregate for building a highway connecting the region. However, the company had failed to consult or seek approval from the locals, said Ko Saw Thar Boe, one of the locals The Myanmar Times spoke […]

Frustration mounts as Kyaukphyu port negotiations stall

Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward. Kyaukphyu is the […]

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

Representatives of the oil and gas in­dustry have sub­mitted a business propos­al to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Facebook Campaign in Kayin State Against Coal Power Plant

KAYIN – Facebook users have been changing their profile pictures to be part of a mass campaign that says ‘‘In Karen State No Coal”. Local people and civil society organisations oppose plans for a coal-fired power plant to be built beside the Thanlwin River near Thone Ein, Watgyi and Htonetaung villages in Hpa-an township, groups […]

Transparency, Ongoing Disclosure Crucial for Stakeholder and Investor Confidence

Transparency and disclosure practices are crucial for businesses seeking to build trust with stakeholders, attract investors and ensure accurate media reporting, experts in a corporate governance forum have said. The International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) organised a forum at the Yangon […]

Thailand reaffirms Dawei plans, but does Myanmar?

“The governments of Thailand and Myanmar reaffirmed that the Dawei megaproject will create thousands of jobs and improve the livelihoods of people along the border,” according to Thailand’s caretaker Prime Minister Gen Prayuth Chan-ocha. Prayuth was speaking at a joint press conference in Bangkok on Friday. Myanmar leader Aung San Suu Kyi also addressed reporters, […]