Myanmar targets plastic waste in growing green movement

This year’s theme for World Environment Day is plastic pollution, a scourge on Myanmar that is more easily seen in its beaches, mountains and cities than its dearth of reliable statistics. But over the past year a string of hopeful environmental initiatives are pushing back against unnecessary waste. One example is Yangon’s “Straws Suck,” an […]

Yangon gears up to lure more investment into business hub

AS INVESTORS await Myanmar’s new moves to open up the economy, the regional government of Yangon plans to unveil its investment strategies at the first Yangon Investment Forum (YIF2018) next week, according to a regional minister. Planning and Finance Minister Myint Taung said at a press conference on Wednesday that Yangon region Chief Minister Phyo […]

VisionFund Myanmar launches loan scheme for factory workers

VisionFund Myanmar recently announced the launch of a new microfinance loan product exclusively for garment factory workers, funded by the Livelihoods and Food Security Trust Fund (LIFT), according to a press release on 16 February. The loans were first launched at the ZES garment factory located in Hlaing Thar Yar Township, with over 160 workers […]

South Korea to build $98 million logistics hub in Yangon

South Korea has invested $98 million to construct a logistics hub at Shwe Lin Ban Industrial Zone in Hlaing Thar Yar township, Yangon region. The move is touted to be vital to promoting Myanmar’s exports. HUBS MK Co Ltd from South Korea and Myanmar Trade Promotion Organisation under the Ministry of Commerce signed a memorandum […]

Clean water for Dala

A project focusing on developing access to clean water has been implemented in seven locations of Dala township, located across Yangon’s river from downtown Yangon, which remains underdeveloped. The project is carried out between Yangon city development committee and the Asian Development Bank (ADB). It is expected to be completed by mid-2018, said Dr Aung […]

Workers Seek Minimum Wage Hike Amid Delay in Government Review

Workers in the country are seeking an increase in the minimum wage amid a rise in the prices of basic commodities and services as the government review of the current wage faces delays. Factory workers have protested and demanded the government increase the daily minimum wage to K5600 (US$4.11) from the current K3600. The government […]