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Sugarcane farmers, sugar millers plead for government help

Local sugar millers and sugarcane farmers say they are calling for multiple issues to be addressed urgently by the government to ensure the sustainable development of the sector in the country. The farmers and millers presented the issues during Sugar Forum 2019 industry event held in Nay Pyi Taw on September 10 and 11, said […]

Myanmar’s Second Biggest City Receives Smart City Award 2019

YANGON—In the midst of a high-tech makeover to become a genuine smart city, Myanmar’s historic royal capital Mandalay—more than 160 years old—received the Smart City Award 2019 at a Bangkok summit attended by 24 countries including Japan, India, Australia, Singapore, Taiwan and Thailand. “We have been effectively changing municipal services by using technology, and these […]

Department wants airports to have aircraft recovery systems

The Department of Civil Aviation wants to require airports across the country to install aircraft recovery systems, which would include aircraft lifting bags, to improve safety and minimise delays if accidents happen, a senior aviation official said. U Ye Htut Aung, deputy director general of the department, said the government will allocate money for the […]

Government proposes to raise import licensing fees

The government is planning to raise import licensing fees in response to the changing economic environment of the country. Ministry of Commerce deputy minister U Aung Htoo proposed the new fee structure, which will see licensing rates of a minimum of K30,000 to a maximum of K90,000, from the current rates of K250 to K50,000. […]

A distant vision for Myanmar’s industrial future

Every morning hundreds of cars, trucks and other vehicles carrying factory workers squeeze into a two-lane bridge across Yangon’s Bago river. The buzz of industrial activity results in often nightmarish traffic jams, a rare phenomenon for Myanmar’s still nascent and in many ways hamstrung manufacturing sector. Initiated by then-president Thein Sein in 2013, the Japan-backed […]

Yangon govt plans to build about 10,000 apartments each for squatters in six townships

Yangon Region government is planning to implement housing projects for squatters with about 10,000 apartments each in four Dagon townships and Hlinethaya and Shwepyitha townships, said Chief Minister Phyo Min Thein at a seminar on Slums and Informal Settlements in Yangon “The Way Forward” held at Summit Parkview Hotel in Yangon on August 5. “We […]

Grassroots group fights Yangon motorbike ban

Arbitrary treatment from traffic police has inspired a campaign by a community group to have the motorbike ban in Yangon lifted, a move that has the support of some MPs. CCTV installer Ko Win Kyaw Maung feared his newly-bought motorbike would be impounded when a traffic policeman stopped him in Yangon’s North Dagon Township earlier […]

Government allows six JVs among local and foreign insurers

The Ministry of Finance and Planning (MOFP) announced the successful applicants for life and non-life insurers to be operated under joint ventures between locals and foreigners on July 31. For non-life insurance, the MOFP has allowed AYA Myanmar General Insurance Company and Sompo Japan Nipponkoa Insurance, Grand Guardian General Insurance Company and Tokio Marine, Nichido […]

Change of plans could be a setback for insurance market

The local insurance industry may have been dealt a setback after negotiations between several local and foreign insurers were reported to have broken down. According to a report by Nikkei, which cited insiders, local insurers decided to pull out of talks with Thailand’s Muang Thai Insurance and Muang Thai Life Assurance, and South Korea’s DB […]

Flex inaugurates new manufacturing unit in TN

Flex, a global electronic component manufacturer, Saturday said it was expanding its operations in India by setting up a new manufacturing facility in Tamil Nadu. The new unit, located in Walajabad in Kancheepuram district, was formally inaugurated by Information Technology secretary Ajay Prakash Sawhney, a company press release said Saturday. Commenting on the setting up […]