Myanmar execs seek help in fostering human resources

TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]

No open tender for Nyaung-U airport upgrade

Subscribe to our tender alert mailing list The Nyaung-U airport in Mandalay Region will be upgraded into international airport soon, with the support from the Japanese government, U Ye Htut Aung, deputy director-general of the Department of Civil Aviation (DCA) told The Myanmar Times on August 28. The airport is near the tourist destination Bagan […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Eco-friendly and job-creating investment being given priority to invest in Thilawa

Myanmar- Japan Thilawa Development Ltd (MJTD) has permitted investments in Thilawa Special Economic Zone giving priority to those who can create better job opportunities for the local people and are more eco-friendly. Currently, a total of 84 companies have been permitted to invest in Thilawa SEZ Zone A and the first phase of the Zone-B, […]

Waiting for Grid to Arrive, Myanmar Villages Switch on Solar

NYAUNG KONE, Myanmar, March 29 (Thomson Reuters Foundation) – For generations, residents of this farming village in central Myanmar had a set rhythm to their day – waking up with the sunrise and going to sleep after dark. Diesel generators and batteries were for the privileged few, while the candles used by most were a […]

Digital tech slowly seeping into Myanmar, but still a long way to go

Myanmar is trying to learn the ropes of recent advances in digitization that ease the often frustrating burden of manual, paper-based administrative and business procedures. The country’s first digital customs management system, the Myanmar Automated Cargo Clearance System, was launched on Nov. 15 at the customs offices near the Port of Yangon, the largest trading […]

Off-Grid Solar to Help Myanmar Bring Electricity to All By 2030

​​ Four feet in length, of aggressive disposition, and deadly poisonous: you don’t want to stand on a Russell’s viper in the dark. Especially if there’s no antivenom for miles around. Yet that’s the daily predicament facing millions of villagers in Myanmar, where snakebites cause about 500 deaths every year. In Yin Ma Chaung, a rural […]

Myanmar Automated Cargo Clearance System to be installed in Thilawa SEZ in November

Myanmar’s Customs Department will install the new Myanmar Automated Cargo Clearance System (MACCS) at airports, port terminals and at the Thilawa Special Economic Zone in November this year, it has been learned. Plans are also underway to install the MACCS at cross-border areas after his new programme is successfully implemented within Yangon Region. With the […]

Yongnam, Changi Airport consortium is a step closer to Myanmar airport deal

A consortium comprising JGC Corporation, Yongnam Holdings and Changi Airports International has sealed a framework deal with Myanmar’s Department of Civil Aviation (DCA) to build and manage a new international airport in Yangon, Myanmar. The signing of the agreement marks an important step towards the eventual inking of the Hanthawaddy International Airport concession agreement, the […]

Central Bank of Myanmar plans first real-time payments system

The Central Bank of Myanmar (CBM) plans to introduce a real-time gross settlement (RTGS) system by the end of 2015. Deputy governor Winston Set Aung says the country’s first ever RTGS will help to reduce the size of the cash economy, as the system will allow transfers between banks to be settled immediately. An unnamed […]