Suu Kyi Opens NLD Government’s First Public Housing Project

​​ You’ll be forgiven if you’re skeptical about the latest pledge from Yangon’s electricity minister: she has said there will be no power cuts in the city this hot season. Any resident who has been tormented by mosquitoes while sweating in pitch darkness knows that city authorities have always struggled to keep the juice flowing […]

Yangon Regional Government Says it Will Step Up Efforts to Reduce Earthquake Damage

​​ Yangon’s regional government is planning to form an earthquake monitoring committee in an effort to reduce the potential damage to the city’s buildings and to take responsibility for carrying out rehabilitation activities, state media has reported. The committee will be responsible for the promotion of public awareness of earthquakes and the development of a […]

Myanmar Probes Controversial China-Backed Dam

YANGON: Myanmar is probing whether to resume construction on a controversial Chinese-backed dam, state media reported Saturday, with promises to listen to fierce public opposition to the project. The fate of the $3.6 billion Myitsone dam in northern Kachin state has hung in the balance since it was abruptly halted by Myanmar in 2011 following […]

Gems Emporium Expected to Attract US and EU Traders

RANGOON — More Western jade traders are expected to attend to the upcoming Naypyidaw Gems Emporium, after the lifting of US economic sanctions last month. Among the American restrictions which were lifted was a longtime ban on transactions involving jade, gems and jewelry from Burma. The move by the US government—announced in September—was criticized by […]

Jade Trade: Official Export Earnings Down for 2015

RANGOON — Revenue derived from Burma’s official jade exports declined in the first nine months of the 2015-16 fiscal year, as the lucrative industry continues to draw fire over safety, ethical and environmental concerns. According to figures from the Ministry of Commerce, US$567 million in revenue was derived from jade exports from April to December […]

Funds cleared for Yangon’s new airport

YANGON, 4 February 2016: A framework agreement to facilitate Official Development Aid (ODA) loans for the construction of Hanthawaddy Airport Development was signed late last week. Official media, Global New Light of Myanmar, quoted Transport and Rail Transportation Minister, U Nyan Tun Aung, saying that following a series of meetings between Department of Civil Aviation […]

Yangon invites tender for importing city buses

YANGON, July 14 (Xinhua) — The Yangon region government invited tenders for importing city buses for operating along main routes in Yangon as part of an upgraded public transport network, allowing any registered companies to submit tender by the end of this month, official media reported Tuesday. A public bus service company to run the […]

Central Bank Eases Forex Access for Importers of Some Commodities

RANGOON — The Central Bank of Myanmar will allow the unrestricted sale of foreign currencies at official rates to importers of edible oil, fuel and cement, rolling back a policy that had limited withdrawals in an apparent bid to ward off supply shortages and a rise in the commodities’ prices. The state-run Global New Light […]

Yangon to promote urban mobility planning

YANGON, April 25 (Xinhua) — The Yangon municipal authorities will promote an European Union-funded project on sustainable urban mobility planning for the city , official media reported Saturday. The project entitled “Sustainable Urban Mobility Planning” is being implemented by Yangon City Development Committee (YCDC) in cooperation with the Italian City of Turin and two Italian […]

Myanmar’s trade deficit jumps 88%

Myanmar’s trade deficit jumped 88% in the fiscal year that ended on March 31, driven by rapid economic expansion in the formerly military-ruled country, state media and a Commerce Ministry official said today. Myanmar’s economy was held back by mismanagement, corruption and the refusal of Western countries to trade and invest because of human rights […]