1m acres of mineral depositories suspended

In Myanmar, mineral depositories have been allocated to be used as resource reserves, with a total area of 1,187,492 acres, according to U Khin Maung Yi, permanent secretary of the Ministry of Natural Resources and Environment Conservation, who told reporters during a press conference in Nay Pyi Taw on April 24. According to the permanent […]

Will Government Meet Target on Low-Cost Housing?

Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time. The previous administration had claimed that they were going to complete the construction of one million apartments […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

Eel cultivation experiment to sell larvae in February

The traditional catching of eels in Myanmar has resulted in a decline in the eel population, so eel hatcheries will be experimenting to locally produce the larvae of eels in Feb 2017, according to eel cultivators. The eel market will flourish if eels can be locally cultivated, making for a profitable venture considering the high […]

Export price of rice to China on the decline unlike stable domestic rice price

The price of rice exported to China through the Muse trade channel has been on the decline, unlike the domestic rice price, which remains stable  said U Kyaw Min, the secretary of Mandalay Rice Depot. Rice is exported to China mostly through the Muse and Lweje border trade camps, but the rice trade is declining […]

Telenor and MPT apply for spectrum auction

Telecoms companies Telenor and state-owned MPT will be among the potential bidders at a long-awaited auction for more broadband spectrum next month, while rival telco Ooredoo has decided to wait for a separate auction it expects to happen later in the year. Spectrum – the radio frequency on which communication traffic can be sent – […]

Myanmar imports nearly 15,000 motorbikes this month

MYANMAR imported about 15,000 motorcycles worth over US$6m through border trade camps within the first week of this month, according to the Ministry of Commerce. The imported motorbikes mainly entered the local markets in Mandalay and central regions. “Mandalay Region authorities normally issue licenses for over 500 bikes per day although the region has seen […]

Nay Pyi Taw villages rewired in 100 days electrification plan

The government has arranged to connect 1150 households in Nay Pyi Taw’s Ottarathiri township to the national electricity grid as part of the new administration’s 100-day plans, according to U San Yu, deputy secretary of the Ministry of Electricity and Energy. The initiative is part of a broader effort to bring electricity to more than 15,000 […]

Power sector: Lofty goals, missed targets

The power sector in Myanmar over the past five years has been characterized by ambitious plans and unrealized targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo. Myanmar remains one of the least-powered countries in Southeast Asia. Just over […]