Myanmar strives for more reforms to boost tourism

Despite the decline in tourist arrivals last year, Myanmar aims to rebound its tourism growth by undertaking reforms to improve both domestic and international travels, says a tourism boss. Tint Thwin, director general at the Directorate of Hotels and Tourism, said in an interview the government now focuses on easing of some restrictions and creating […]

Local Company Submits Proposal for Yangon- Mandalay Oil Pipeline

Myanmar Energy Sector Devel­opment Public Company Limited (MES­DPCL) has submitted a $300 million pipeline proposal to the Ministries of Planning & Finance and Electric Power & En­ergy, said Dr. Win Myint a member of the board of directors. The plan outlines the construction of two pipe­lines, each 14 inches in diameter, running 650 kilometers from […]

Commit-and-Act Approach Expected Among Investors

Despite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]

Thai Border Trade Tops $1.1b

​​ Cross-border trade with Thailand exceeded US$1.13 billion this financial year until February 17, according to the Ministry of Commerce. Myanmar imported more than US$870 million worth of goods from Thailand and exported just US$250 million, it said. Myanmar trades with Thailand mainly through the Tarchilek border in Shan State, Myawaddy in Kayin State and others in Tanintharyi Region and […]

JICA loans worth Ks358bn approved

Loans from the Japan International Cooperation Agency, totalling 31.051billion yen (Ks358.39bn) were approved during the 6th Day Meeting of the 2nd Pyidaungsu Hluttaw, 3rd Regular Session to fund the economically vital Thanlyin Bridge project that will span the Bago River, the finance ministry said. “Thanlyin Bridge No. 3 is the main one linking to the […]

Myanmar green energy sector faces hurdles

YANGON – Myanmar’s goal of achieving a 100 per cent electrification rate by 2030, with 20 per cent of energy from renewable sources, is achievable but several hurdles need to be tackled first, energy experts have said. At the Myanmar Green Energy Summit 2016 last week, panellists agreed that hydroelectricity, plus wind and solar energy, […]

Eumeralla expects mining permit this year

Australian mining firm Eumeralla Resources expects to receive a permit to explore for tin and tungsten in Kayah State by September of this year – three years after it first applied, the firm announced this week. The company expects the exploration permit to be granted in the second or third quarter of this year, it […]

Rubber farmers struggle as prices fall

At Shwe Kokko Myaing’s rubber plantation in Myawady district, crowded trees stretch endlessly on either side of the road. The workers live in old dwellings by the roadside. The five children are used to looking after each other. The oldest, aged eight, rocks his sister’s cradle while fixing lunch for the middle three. Their mother […]

Telenor switches on in Kayah State with handful of cell towers

Telenor Myanmar switched on its network of 13 towers in Kayah State yesterday, as the telco works toward expanding across the country. Currently, the Norwegian firm’s Kayah State towers are clustered around its largest city Loikaw, but Telenor Myanmar CEO Petter Furberg said it is still early days for local coverage. “We are still in […]

Myanmar proposes new checkpoint

KAYAH STATE, 22 June 2015: A new border crossing between Kayah State and Thailand’s Mae Hong Song province will open, later this year, a move that Myanmar hopes will help boost tourism and regional development in the remote state. Mae Hong Song province is in the far northwest of Thailand, bordering Myanmar, but does not […]