Only high-tech firms for hydro, coal power

Only companies and countries with access to the latest technologies and technologies which minimise environmental impact will be considered to take part in hydro and coal power projects in Myanmar, a senior official from the Ministry of Electricity and Energy told The Myanmar Times. “For electricity generation sources, we are planning to consider only the […]

Traders repeat calls for tax reduction

Businesses in jade and gemstone sector have, again, asked for tax reduction, and have set out recommendations for the government with the aim to make Myanmar competitive in gemstone export. During a meeting last week, the vice president and the minister of the Ministry of Planning and Finance have been requested by various businesses in […]

Private Sector Encouraged to Help Strengthen Power Generation

​​ Officials from the Ministry of Electricity and Energy have said that there are long-term and short-term projects planned in order to meet growing electricity demand in the country. Myanmar’s demand for electricity has increased annually, but power supply has been insufficient. 6.5 million out of 10 million households have no access to electricity, and […]

Myanmar Government pledges more cooperation with local and foreign media

  Myanmar kicked off the 5th conference on Myanmar media development in Yangon under the title of “Inclusive Independent Media In a New Democracy,” calling for responsibility and accountability in the media sector and pledges for cooperating with local and international media for the country’s media development. The remarks were made by Union Minister for […]

Ministry to allow local and foreign investment forest plantation projects

Approval of the present government will be given to forest plantation projects involving local and foreign investments in forest reserves and protected forest areas, Union Minister for Natural Resources and Environmental Conservation U Ohn Win told Amyotha Hluttaw yesterday. Establishment of private forest plantations have been allowed since 2006-2007 FY for enabling wood-based industries to […]

MoHT hopeful tourism law will ease industry headaches

PLANS are being made to allow the Myanmar Hotel and Tourism Law to be enacted before the current year is out, according to the Ministry of Hotels and Tourism. “There should be laws [in place] for any place or job; sectors are weak without them. Since this law is for development of the tourism sector, […]

Sky Net Selects Gilat’s Network for Cellular Backhaul in Myanmar

Sky Net and Gilat win MNO bid for quick deployment of cellular networks under some of the most challenging equatorial terrain and climatic conditions Israel, June 02, 2016 (GLOBE NEWSWIRE) — Gilat Satellite Networks Ltd. (NASDAQ:GILT) (TASE:GILT), a worldwide leader in satellite networking technology, solutions and services, announced today that Sky Net, a leading Myanmar […]

Parliament approves large loan for Dala-Yangon bridge build

The Pyidaugnsu Hluttaw has given the go-ahead to a US$138 million loan from South Korea to build a bridge between Yangon and Dala – a project that will cost nearly $170 million. The $137.8 million loan from South Korea’s Economic Development Cooperation Fund, which will go to Myanmar’s Ministry of Construction, gained approval on May […]

Social welfare in spotlight as budget debate set to resume

A comprehensive social protections policy that spans the lifecycle from pregnant women to the elderly is set to kick off this year – if advocates can secure a budget for the plan. Parliament is scheduled to begin wrangling out an allocation for the strategy on March 6, but MPs predict the chronically underfunded social welfare […]

Large extension for Yangon on the table

Yangon mayor U Hla Myint said an extension to Yangon City is being planned to the west of the existing city under the auspices of the regional government, though other members of the regional parliament said they had not heard of the plan until the announcement. Covering an estimated 30,000 acres, the expansion is required […]