Fuel-efficient cooking stoves in 22,000 households in Mandalay

Some 22,000 households in Mandalay Region are using fuel-efficient stoves as part of a government effort to reduce the use of firewood and the resulting destruction of forests and mangroves, according to the Mandalay Forestry Department. U Tint Swe, director of the department, said the stove campaign is aimed at addressing the energy shortage in […]

MADB to help fuel growth across entire agriculture supply chain

Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]

Government reveals plans to build first modern oil refinery in Myanmar

State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line […]

Govt Plans to Relocate Hotels From Bagan Archeological Zone

YANGON — Myanmar attempts to relocate controversial hotels in the archaeological site Bagan as it prepares the ancient city’s final nomination dossier to become a Unesco World Heritage Site. The temples of Bagan, dating from between the 9th and 13th centuries—when the Kingdom of Bagan ruled over much of lowland Burma—are considered Myanmar’s biggest tourist […]

Private banks hike lending to SMEs

SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week. Zaw Lin Aung, managing director of KBZ Bank, the largest private bank in Myanmar with the largest retail […]

Police raid Rakhine-to-Malaysia Smuggling Junket, Detain 22 Muslim Teens

Court proceedings and a manhunt have been launched after police disrupted a human smuggling pipeline from Rakhine State to Malaysia in two separate raids in Yangon this weekend. Nearly two dozen Muslim teenagers between the ages of 12 and 18 were rounded up by police and detained. According to officials, the male teens being trafficked […]

Jade Curse Tests Post-Sanctions Myanmar

Its embrace can bring wealth beyond measure, or instant death. It is a magnet for the most impoverished migrant workers and the most ruthless exploiters. Its haunts are a cauldron of armed conflict beyond the law of the land. In what could be one of its most challenging tests, how will Myanmar’s democratic government deal […]

Draught law causes beer station panic

On Kyar Kwet Thit Street in Yangon’s Tarmwe township, famous because it is home to more than 50 beer stations, dozens of young and middle-aged men and a handful of girls in their 20s enjoyed the nightlife earlier this week. At around 9pm customers were relaxed as they held mugs of draught beer, while the […]

Rapid Migration and Lack of Cheap Housing Fuels Yangon Slum Growth

YANGON — Ei Cho Khine once had dreams of becoming a tour guide. As a student back in her village in Magwe Region in central Myanmar, she would often encounter groups of foreigners being led by tour guides while helping her parents at their Bein moke snack stall. “My dream was to be a tour […]

Few workers left in deserted Magwe

Villages in Magwe Region are becoming ever more sparsely populated, as men and women move overseas in search of work, leaving few behind to plant and pick the region’s native crops, farmers said. Flooding in July and August destroyed thousands of acres of farmland, and hundreds of thousands more have been confiscated by the government […]