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Kokko Chinatown project sparks concerns in Tak

Border towns are often labelled as remote villages without modern infrastructure or amenities. However, recent economic policies such as the development of special economic zones and foreign investment have led to the urbanisation of these rural areas. A clear example of this can be seen in Mae Sot district in Tak province, located opposite to […]

Daung Capital, doing well by doing good: Startup Stories

Myanmar has been grappling with poverty for decades. The country was classified as a “least developed country” by the United Nations in 1987 and remains so now. In 2015, the World Bank estimated Myanmar’s poverty rate to be 32%. While there has been some economic progress, particularly seen in the oft-shifting skyline of Yangon, approximately […]

WB warns Myanmar of urbanisation challenges

With more people moving to Yangon and other key destinations for better opportunities, the World Bank has warned of the challenges related to urbanisation in Myanmar at the launch of its latest report this week. Judy Baker, lead economist for social, urban, rural and resilient global practice at the World Bank, said Myanmar must urgently […]

Opportunities available to digitise manufacturing, agriculture in Industry 4.0

Myanmar has the potential to leapfrog semi-automated production lines and jump straight into the era of Industry 4.0, or fourth industrial revolution, under which cyber-physical systems and marketplaces, smart robots and machines, big data, connectivity, energy efficiency and virtual industrialisation will take center stage. This is because Myanmar has not even fully participated in the […]

Myanmar backs ‘strategic partner’ Huawei despite US ban

Amid the ongoing trade war between the United States and China that recently intensified with Washington’s ban on Huawei Technologies, Myanmar has publicly announced its stance on the issue at the event entitled, “Myanmar Indoor Coverage Digitalisation Summit 2019” on Friday. Soe Naing, deputy director general of the Posts and Telecommunications Department, said Myanmar considers […]

Myanmar to call international tender for power delivery

Myanmar will hold an international tender for gas to be delivered to the country via floating power plant to generate the electricity required to meet rising demand in Yangon by summer 2020, a senior official from the Ministry of Energy and Electricity (MOEE) told The Myanmar Times. “We will invite an international tender. We will […]

Myanmar state counselor stresses utmost effort to increase power production

YANGON, May 18 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has stressed the need to make utmost effort to increase electricity production, saying that the government has set up new infrastructure for the power system including installation of new cable lines and opening of new sub-power stations. Aung San Suu Kyi, who is […]

Govt still keen to build international airport in Bago

The government is still expecting to build Hantharwaddy International Airport in Bago with support from the Japanese, said U Win Khant, Permanent Secretary of the Ministry of Transport and Communications. “As Hantharwaddy is an essential airport, we’ve been trying hard to get construction started. We are seeking help from Japan to manage the construction of […]

Myanmar: A burgeoning entrepreneurial ecosystem

A bit more than a decade ago, buying a cellular SIM card in Myanmar cost US$3,000 in 2001 and $250 in 2013. Fast forward to April 2019, and you can purchase a starter pack for as little as $1.10. And this is only one of the changes afoot in Myanmar, where local and international entrepreneurs […]

Property market in Myanmar expected to stay flat till 2020

Myanmar’s property market has been lacklustre since 2015 and this situation is expected to continue until next year, said U Myo Myint, general secretary of the Myanmar Construction Entrepreneur Association during an industry discussion in Yangon last week. “This is the current situation. However, what is good is that there will be no worsening in […]