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Myanmar should develop domestic production to grow local economy: Czech Republic

Myanmar should enhance domestic production and develop its local markets, says Martin Tlapa, Deputy Minister for Foreign Affairs of the Czech Republic, during a talk entitled “Economic Transition: The Czech Experience and its Relevance for Myanmar” last week. In sharing appropriate approaches with Myanmar, Mr Tlapa said Myanmar should enhance the production of domestic products […]

Rural areas to receive electricity powered by renewable sources: Minister

Rural areas far from the national grid will get electricity through renewable energy sources, says Minister of Electricity and Energy U Win Khine. He said the government will provide electricity to these areas through renewable energy as lower population density and electricity usage may not make it economical to expand the national grid. U Win […]

Govt in talks with Japan for low interest housing loan: official

The Union Government is cooperating with the Japanese government to provide housing loan with low interest rates, said Nilar Kyaw, the Regional Minister for electricity, industry and transportation during a regional parliament session held on February 25. She replied to a question raised by MP Kyaw Tun of No.2 Lanmadaw Constituency about when the buyers […]

Govt says it can’t take action against dishonest telecoms

The government is helpless against telecommunication operators that impose surcharges on customers, as shutting them down even for just an hour could hamper communications in the country, a senior transport official said on Monday. U Tha Oo, deputy minister of Transport and Communications, admitted that although mobile companies are charging users more than they should, […]

Government prohibits import of frozen meat at Thai border

The import of frozen meat at the Myanmar border will be prohibited from March 1 onwards, U Khin Maung Lwin, assistant secretary of Ministry of Commerce (MOC), told The Myanmar Times. The border ban includes all forms of frozen meat, including red meat, fish and marine produce. However, importing via sea routes is still permitted. […]

Long term economic improvement certain, strategy needed: U Win Aung

THE government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totalled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP […]

Government approves seizure of over 950,000 acres of unused land

The government has approved the seizure of more than 950,000 acres of unused vacant, fallow and virgin land that had been leased to private entities for agriculture, breeding and mining, a senior agriculture official said on Wednesday. U Myo Tint Tun, deputy permanent secretary of the Ministry of Agriculture, Livestock and Irrigation, said when these […]

Govt collects more tax than expected

The government collected more tax revenue than expected during the six-month interim period between April and September last year, U Maung Maung Win, deputy minister for the Ministry of Planning and Finance (MOPF) explained during a Union Hluttaw session on January 21. A total of K3.4 trillion was collected compared to the K2.8 trillion projected […]

Dala property prices soar due to bridge project

After the government had approved the construction of Myanmar-Korea Friendship Bridge connecting to Dala Township, property prices have risen in a blur as rumors of small-scale industries as well as housing projects in Dala runs rampant. According to property agents and Dala locals, land prices hiked up as much as tenfold. Over a month ago, […]

Awra Trading Co to supply LPG as petrol alternative in Yangon

Awra Trading Co Ltd will start supplying liquefied petroleum gas (LPG) as an alternative to petrol in Yangon, said chair U Kyaw Myo Naing. On December 16, the local company launched its LPG Auto Gas Filling Station & LPG Conversion Kit Installation Center in Shwe Pauk Kan Industrial Zone, Yangon. “We are expanding and now […]