Government seeking solution to tackle fuel price hike: Spokesperson

The government is working to deal with rising fuel oil prices as it increased transportation costs and has an impact on commodity prices, said Zaw Htay, Spokesperson of Myanmar President’s Office, at a press conference held in the President House in Nay Pyi Taw on October 5. “Transportation costs have increased by 10 per cent […]

‘Window is closing’: business leaders vent frustrations over govt’s economic performance

Business leaders in Myanmar have cast serious doubts on the government’s management of the economy for the last 2.5 years, with one domestic investor warning that “the window is closing” on reforms and a leader of an Asian business group criticising Nay Pyi Taw as working “in silos” and having “no urgency to get things […]

Loan scheme hinders SME growth

The availability of loan is one of the major challenges for development of Small and Medium-sized enterprises (SMEs) in Mandalay region, according to a talk on the challenges of the SMEs. Head of Mandalay Region SME Department said: “The major challenges of SMEs in Mandalay are: capital, technology, market penetration, access to information and infrastructural […]

FDI in Thilawa SEZ project declines by $ 18.5 m

From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]

Govt reiterates commitment to attract Asian tourists

The Ministry of Labor, Immigration and Population has yet to release an official statement cementing an August 1 decision with the Ministry of Hotel and Tourism to suspend the practice of requiring tourists to show US$1000 in cash upon arriving in Myanmar. According to the statement released to tour companies by the Ministry of Hotel […]

Foreign tourists allowed visiting in Ruby Land

MANDALAY- The government officially allowed foreign tourists to visit “Ruby Land” Mogok Township, Mandalay Region since the beginning of August, says MP Saw Thaung Tin from No.2 Constituency in Mogok Township. The foreign tourists were banned from visiting to Mogok Township since the beginning of ex-government to incumbent government time. However, the Mandalay Region Government […]

Waiting for Godot: farmers seek return of seized land

Farmers in Myanmar are still waiting for justice as many of their lands were confiscated by government officials, military personnel, authorities and their cronies for various reasons, a new report from New York-based Human Rights Watch (HRW) revealed. The NGO launched the report “Nothing for Our Land: Impacts of Land Confiscation on Farmers in Myanmar” […]

Govt to seek parliamentary approval for Yangon SEZ

The union government will seek approval from union parliament to establish Yangon Special Economic Zone on about 20,000 acres of land covering Dala, Kawhmu and Kungyangon townships in Yangon Region, according to a development proposal plan of the region. Currently, the Yangon region government is holding a series of work coordination meetings on the implementation […]

Domestic businesses need to lobby govt to liberalise economy

Those who expect the government alone will deliver economic reforms are barking up the wrong tree. Domestic businesses need to play their part and push for reforms. The Myanmar government recently appointed a competent finance minister and decided to retain the central bank governor. These appointments and changes warrant a review of how the executive […]

Shut down of Moehti Moemi gold mine helps no one: company

The government’s suspension of the Moehti Moemi gold mining concession had affected the lives of 5000 company workers, and had cost the government between 26.6 kilograms and 53.2kg of gold in lost monthly revenue, U Soe Tun Shein, chairman of National Prosperity Co Ltd, which operated the concession, said at a press conference last Friday. […]