Gyobyu, Theingon power sub-stations in Taikkyi Tsp opened

Yangon Region Government inaugurated Gyobyu and Theingon power sub-stations in Taikkyi Township yesterday, taking a step forward in meeting 100 per cent electrification in the region by December 2020.Yangon Region Chief Minister U Phyo Min Thein, Yangon Region Hluttaw Speaker U Tin Maung Tun, Deputy Speaker U Lin Naing Myint, Yangon Region Minister for Electricity, […]

Myanmar to set up second stock exchange for public companies

A second stock exchange, or pre-listing board, will be set up for the purpose of trading shares in public companies that have yet to list on the Yangon Stock Exchange (YSX), said U Maung Maung Win, who is Deputy Minister for Planning, Finance, and Industry as well as Chair of the Securities and Exchange Commission […]

Myanmar solar tender not all about cheap pricing

MADAM – I follow The Myanmar Times’ excellent and extensive coverage of the solar tender with enormous interest. Reporting by John Liu – via his latest scoop on the tender results – and other journalists at your paper captures the controversy surrounding what could have been the defining solar power initiative in Myanmar. Alas, the […]

Businesses want momentum in energy sector sustained beyond Myanmar elections

Myanmar needs to continue pushing out power tenders and policies to develop and reform its energy sector beyond the November elections, according to keynote speakers at a Yangon corporate briefing. Speakers at a panel discussion about the Myanmar energy sector acknowledged the reforms rolled out over the last 12 months intended to attract private investments […]

Kachin State’s yemase jade miners and dealers demand a more equitable industry

Myanmar’s deadliest mine collapse in recent history caught the world’s attention in July, but local frustration with an industry controlled by outside companies has been growing for years. This article was supported by the Pulitzer Center on Crisis Reporting It was the deadliest landslide in Myanmar’s recent history – about 200 jade miners buried in […]

Myanmar to lure investments in healthcare, agri and industry

Myanmar will focus on drawing investments into healthcare, agriculture, livestock and fisheries and industrial zones in the wake of COVID-19, said U Thant Zin Lwin, Director General of the Directorate of Investment and Company Administration. “We will prioritise attracting investors in these three sectors after experiencing COVID-19 this year. In healthcare for example, businesses that […]

Desperate times for independent media as COVID-19 savages a fragile industry

Private print and online news organisations were already under pressure when COVID-19 struck and some will not survive the economic fallout of the pandemic. By NAW BETTY HAN | FRONTIER The COVID-19 pandemic has created enormous challenges for news media organisations, ranging from lost advertising revenue as businesses close or suspend services, to trying to […]

Myanmar to revamp governance of industrial zones under new law

Legislators in Myanmar have approved a long-awaited law governing industrial parks that grant regulatory bodies new powers to punish polluters and land speculators. Lawyers and experts, however, warn that effective governance will depend on enforcement and accompanying regulations, which have yet to be announced. Enacted by the Hluttaw on May 26, the Industrial Zone Law […]

Thai developer invests $1bn to put Myanmar industry on global map

NAYPYITAW — Thai industrial estate developer Amata Corp. plans to build an industrial complex with an investment of $1 billion in Yangon, Myanmar’s biggest city. The complex will provide important industrial infrastructure in a nation with few global-standard industrial zones suitable for foreign companies. Amata recently signed a land lease agreement and joint venture agreement […]

Mandalay to boost traditional textile and weaving industry

The government is set to boost the region textile and weaving industry with the drafting of a strategy aimed at modernising the sector, an official of a local textile association said. Daw Myint Myint Than, vice chair of the Mandalay Textile and Weaving Manufacturers Association, said two meetings have been held with the Ministry of […]