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Local government warns tardy cement plant projects in Myanmar

Myanmar: U Aung Kyaw Thu, the Hluttaw representative of Mon State Parliament and chairperson of the public budget scrutiny, finance planning and economics matters review committee has warned that cement plant projects granted licenses by the Myanmar Investment Commission (MIC) that have not implemented their plans will not be granted permission to extend their licenses. […]

Yangon Region losing electricity units worth over K1.6bn yearly

Government suffers losses of K1.6 billion per year as each of 45 townships in Yangon Region see loss of electricity units worth about K30 million every month, said MP Yan Aung for Mingalar Taungnyunt Township Constituency No (2). The MP made the remark in his question about any plan to prevent electricity unit losses and […]

Phyo Min Thein and the business of government

The Yangon chief minister’s business ventures, including low-cost housing and Yangon Petrol, were the main talking points from a marathon press briefing on June 5. By YE MON | FRONTIER If there has been one defining feature of U Phyo Min Thein’s tenure as Yangon Region chief minister, it is his eagerness to get involved […]

Gov’t to call for re-tender to upgrade Kawthaung Airport

YANGON-As Tender winner Company Golden Myanmar Airlines relinquished rights to carry out the upgrading tasks on Kawthaung Airport in Taninthayi Region, government will be calling for a re-tender to upgrade Kawthaung Airport, according to the Ministry of Transport and Communications. “Golden Myanmar Airlines Public Company backed off from Kawthaung Airport upgrades. So, we are going […]

Illegal fuelling stations to face action

The government will take action against shops operating along the Mandalay-Madaya road in Mandalay Region, which have been supplying fuel illegally in order to improve fire safety and tax collection, said U Zarni Aung, minister of Energy and Construction. “The District Road and Bridge Department has filed cases to remove the illegal fuel stops beside […]

Locals call for more regulation in retail sector

As foreign retailers enter the domestic market, the government should work to ensure a level playing field, said local retailers. During the Private Sector Development Committee meeting with President U Myint Swe on April 27, Daw Su Hlaing , Secretry of Myanmar Retailers Association, voiced concern for the survival of local retailers in the face […]

Govt Needs Hotels’ Consent to Raise Lease Rates, Mandalay Mayor Says

Mandalay Mayor U Ye Lwin told local lawmakers on Wednesday that the government could not raise lease rates on hotels that cut sweetheart deals with the previous administration without the hotels’ consent. At a session of the Mandalay Region Parliament, lawmakers raised questions about three hotels — Mandalay City Hotel, Hotel Mandalay and Minthargyi Hotels […]

Gold mining companies still owe govt

Small gold mining companies still owe more than 1200 ticals (19.6 kilogrammes) of gold to the government, Mandalay Region Auditor General Daw Khin Aye Swe told the Mandalay Region Hluttaw. Under a production-sharing agreement between the No.2 Mining Enterprise and gold mining companies, small gold mining companies owed the government 1290.77 ticals from 2007-08, but […]

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 […]