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Master plan for MSMEs to be released in February

The government plans to release its master plan Micro, Small and Medium Enterprise (MSME) in February 2020, said U Min Ye Paing Hein, deputy minister for the Ministry of Planning, Finance and Industry. MSMEs form more than 99 percent of the economy and the sector’s development cannot be ignored as it is crucial to the […]

Govt sets target for current fiscal year’s timber sales

The government has set a target of earning US$129 million (K192.9 billion) from the combined sales of teak and hardwood for the current fiscal year, says U Khin Mung Kyi, deputy general manager of Myanma Timber Enterprise (MTE). The target figure was due to lower income and reduced timber production in the previous fiscal year, […]

Government to support internationally recognized gold market in Yangon

U Phyo Min Thein prom­ised that the govern­ment is committed to providing support for an inter­nationally recognized gold mar­ket in Yangon. “Our government is trying to implement a gold market in line with rules and regulations,” he said at the 17th Annual Meet­ing of Myanmar Gold Entre­preneurs Association, held at Times City (Jewelry Mall) on […]

VPower group wins Myanmar’s emergency power tender

Hong Kong-listed VPower Group said its consortium with Myanmar’s Zeya & Associates had been provisionally awarded four of the five emergency power projects tendered by the energy ministry in June. The consortium said it won three projects that would use imported liquefied natural gas in Rakhine’s Kyaukphyu, Yangon’s Thanlyin and Thaketa, totalling 900 megawatts. It […]

Mandalay region goldfields tainted by whiff of corruption

Illegal mining is flourishing at the troubled Moehti Moemi goldfields in Mandalay Region and some say weak law enforcement and corruption are to blame. IT IS MORE than 18 months since the Ministry of Natural Resources and Environmental Conservation ordered mining companies at the Moehti Moemi goldfields to suspend operations over outstanding bullion payments to […]

Myeik Archipelago to launch new tour programs

MYEIK-Plans are underway to launch new tour programs at the Myeik Archipelago in Tanintharyi Region because tourism period will start soon, according to tourism agencies. Although authorities planned to begin tourism season in Myeik Archipelago in mid September, the plan would be implemented depending on the weather. “We already planned to launch the tourism season […]

Govt to focus on supporting growth of digital economy, telecoms infrastructure

A senior government official says that the government is set to focus on supporting the digital economy next year. Deputy Director General of Posts and Telecommunications U Than Thun Aung said this in his speech during the Myanmar Connect 2019 Conference on Tuesday. U Than Thun Aung said regulatory areas that will be the focus […]

Details scarce on funding, planning for flood prevention at new Yangon city project farmers

Lying less than 5 meters above mean sea level, receiving a large amount of rainfall during the monsoon season and surrounded by waterways on three sides, the nearly 20,000-acres of land on the west bank of the Yangon River that lie directly across from Myanmar’s commercial capital were, until recently, never high on city planners’ […]

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 […]