Army Shutters Myawaddy Checkpoint in Clampdown on Auto Smuggling

Two Border Guard Force (BGF) soldiers refused The Irrawaddy permission to approach a border crossing between Myawaddy and Mae Sot, Thailand on foot on Monday, saying the area was closed. The closure reportedly followed efforts by the army to clamp down on vehicle smuggling across the Thai border. According to Kyaw Than, an automobile trader […]

DCA deploys budget, invites tenders to jazz up airports, aviation

High costs and a lack of travelers passing through some of Myanmar’s airports has resulted in at least four of the country’s ten airlines bypassing those locations altogether. Consequently, as many as eight airports have ceased operations in recent years, accounting for a quarter of Myanmar’s 32 domestic airports. Five out of the eight shuttered […]

Inside myanmar’s incendiary and illegal charcoal trade

A year-long investigation into the multi-million-dollar charcoal market and how it moves from the villages of Myanmar into Chinese smelters. A trader turns off his truck’s engine at yet another checkpoint and, again, the soldiers ask him for cash. His truck is filled with charcoal from Myanmar, destined for factories in China’s mountainous southwest province […]

World Bank Arm Defends Mandalay Cement Factory Project Amid Civil Society Opposition

Following an open letter sent to the World Bank’s President Jim Kim by a coalition of community-based organizations opposing a proposed plan to support the expansion of a cement plant in Mandalay Region and the coal mine that fuels it, the International Finance Corporation (IFC) maintains that the project is worthwhile. The open letter was […]

Myanmar’s toxic legacy of large dams

The country’s first strategic environmental review provides a chance to demand more from investors and dam builders, but is still being seen as too little, and leading to fierce resistance by marginalised communities. In September spectacular drone footage revealed the beauty of the waterfalls, rapids, ancient temples and islets of the Nam Pang River, a […]

POSCO Daewoo launches agribusiness in Myanmar

POSCO Daewoo is launching an agribusiness venture in Myanmar as the company’s future growth engine. According to a POSCO Daewoo official, Sunday, Korea’s largest trading affiliate under POSCO group has secured construction and investment approval from the Myanmar government to build a rice processing complex (RPC) in Twante, the most accessible delta town from Yangon […]

Dollar Exchange Rate Climbs, Shakes Up Burma’s Business Community

RANGOON — The US dollar exchange rate—at its highest since the new government came to power in April—has Burma’s business community looking for better trade policy. “In the black market, the exchange rate is currently 1306 kyats [US$1] per dollar; it’s too high for importers. If the import demand increases, it could impact the prices […]

Myanmar pushes for more hydropower projects

NAY PYI TAW, YANGON – The Ministry of Electric Power reiterated the necessity of hydropower projects, citing an increase in power demand. Htein Lwin, permanent secretary at the Ministry of Electric Power, said during the press conference to mark the government’s first 100 days in power in Nay Pyi Taw that there is a need that Myanmar […]

AmCham, UMFCCI to Host Conference on US Investment

RANGOON — After a successful meeting between American Chamber of Commerce Myanmar (AmCham) members and high-ranking Burmese government officials last month, a new summit to feature Burmese economists and US businesspeople has been set for next Monday in Rangoon. The conference will be hosted at the offices of the Union of Myanmar Federation of Chambers […]

Can This Frontier Venue For NatGas Reel In Serious Investment?

After five decades of oil and gas exploration stagnation and mismanagement of natural resources under military rule, Myanmar (formerly Burma) in March elected its first non-military president since the 1962 coup, and if it all plays out right, it could open the floodgates for investment in this strategically vital oil and gas venue. On 15 […]