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Governance guide for micro lenders launched

The International Finance Corporation (IFC) has launched a handbook aiming to improve governance and risk-management practices in microfinance institutions (MFI) in Myanmar. The IFC, a member of the World Bank Group, developed the resource guide – Implementing Corporate Governance Practices: A Resource Guide for Microfinance Institutions in Myanmar – as many MFIs lack the resources […]

Dutch expertise to support Yangon’s water management

Yangon’s regional government will receive support to tackle challenges regarding urban water and water logistics by a coalition of Dutch companies and organisations. The companies signed an agreement with the authorities to improve water supply, resources, governance and innovation; and oversee sriver transport, dredging and tunneling. The agreement is a 3-year programme under the Dutch […]

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 […]

Mon State to Sign Agreement With EU on Forest Products Trading

​​ The Mon state gov­ernment has said it will sign a memo­randum of understanding with the European Union on the legal trading of forest products, the My­anmar News Agency re­ported. The southern state gov­ernment will comply with Forest Law Enforcement, Governance and Trade (FLEGT), under which Myanmar and EU mem­bers are to be engaged only […]

Myanmar forest-cutting continues despite government efforts

PINLEBU, Myanmar (AP) — The hills of northern Myanmar’s Sagaing region were so legendarily thick with forests that in the days of kings, condemned criminals were ordered into the woods as a death sentence. Today illegal logging has left vast swaths of bare patches, with only a handful of old-growth stands. Despite a temporary ban […]