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 […]

New wave of Burmese hackers behind Thai website attacks

  Burmese hackers say they have attacked Thai government websites since early January and stolen data, part of a long-running, broader campaign against those critical of Myanmar’s government. The Blink Hacker Group said in Facebook posts and in an email interview that its attacks were in retaliation for Thailand sentencing two Burmese to death for […]

Govt Defends Plan to Ramp-Up Reliance on Coal

RANGOON — The government intends to push ahead with plans to increase Burma’s reliance on coal-fired power plants to 33 percent of the country’s total generating capacity by 2030, according to a deputy minister from the Ministry of Electric Power. Aung Than Oo, the deputy minister, said on Wednesday that due to projected steady growth […]

Myanmar to open southern islands

YANGON, 13 May 2015: Myanmar’s Ministry of Hotels and Tourism says 26 local companies and joint ventures are awaiting government approval for new hotel projects in the country’s Mergui Archipelago. Some have already gained the greenlight to move forward to the design stage or construction. Irrawaddy media reported Myanmar Investment Commission is currently vetting 20 […]

South Korea urged government to end labour protests

When Yangon labourers from five foreign-owned factories reeled out the picket lines and demanded a meagre pay boost at the end of January, their calls were initially dismissed. Two weeks later, however, the government shifted into overdrive to quell the demonstrations at the behest of the South Korean embassy, The Myanmar Times has learned. After […]