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Myanmar seizes over 326 tons of illegal timbers in NW region

Myanmar authorities seized a total of 326.8 tons of illegally harvested timbers in Sagaing region during the month of May, police said Sunday. The illegal timbers were confiscated in Tamu, a border town in the region with India, during search operations across the area by a combined team of Myanmar police force, forest department and […]

In jungles of Myanmar, sin city looks to a better future

Upon cruising on its wide, well-paved streets, the first question that enters a visitor’s mind is whether the city is still part of Myanmar. Past the lush green mountains where the concrete roads snake through the hinterlands, past what seems like never-ending rice fields, lies the concrete jungle of Mine Lar city, popularly known as […]

Illegal charcoal trade threatens Myanmar’s remaining mangroves

Mangroves from Myanmar are illegally harvested and converted into charcoal that is sent to Thailand before it’s sold to China, South Korea, Japan, Malaysia and Indonesia by sea. The depletion of mangroves in southern Myanmar is impacting local fisheries near the island villages. The illegal charcoal trade persists due to a lack of law enforcement […]

Gold mine officials accused of making false claim

The Myanmar Anti-Corruption Commission has charged three directors of gold mine concessionaire National Prosperity Co (NPC) with submitting a false claim accusing civil servants of corruption. NPC managing director U Tun Aung Soe submitted the complaint to the commission requesting an investigation of the alleged illegal extraction of gold and other minerals by civil servants […]

Businesses misusing farmland face hefty fines, warns minister

The government will punish people and companies that use farmland for purposes other than growing crops with a fine of 30 percent of the land’s market value. The government-led Leading Committee for Farmers Rights, Protection and Promoting of Interests set the penalty at a meeting earlier this month, said U Aung Thu, committee secretary and […]

Parliament passes gemstone bill amid criticism

Myanmar’s parliament has passed a controversial bill governing the gemstone sector, paving the way to restart the licensing of mining companies after a two-year moratorium. Upon taking office in 2016, the National League for Democracy-led administration suspended issuing new or extension of existing gemstone licences pending a governance review intended to clean up the sector. […]

Central bank to issue official remittance licences soon

The Central Bank of Myanmar (CBM) will grant official remittance Llicences to authorised money changers within two months, CBM Deputy Governor U Bo Bo Nge told the media on Wednesday. The move is expected to curb illegal remittances and the informal flow of foreign currency into the country under the Hundi, U Bo Bo Nge […]

Myanmar, Thai universities to ink MoU for cooperation Posted

The universities of Myanmar and Thailand plan to sign a memorandum of understanding (MoU) for cooperation in the education sector very soon, according to Myeik University. Myanmar’s Myeik University and Thailand’s Phetchaburi Rajabhat University will ink the MoU during the last week of January and the first week of February, 2019. The MoU will include […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

Confusion emerges after foreign liquor ban

At a liquor store in downtown Yangon, bottles of whisky and wine are on display. Upon closer inspection, one soon notices that wines from Argentina to New Zealand are for sale, but only whiskies made locally are available. “Foreign liquors are not on display because we are not allowed to sell them,” the sales assistant […]