Pay Hike for Civil Servants Unlikely

Hopes for a pay rise this month will likely remain a pipe dream for civil servants, according to an official from the Ministry of Planning and Finance. The ministry official said no recommendation on increasing the salaries of civil servants had been made during the parliament meeting to discuss the Union budget, denying rumours that […]

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 […]

1,432 Hotel Licences Issued

​​ The Ministry of Hotels and Tourism says it has issued licences to 1,432 hotels and guest houses, including 27 with foreign investment. By last month the ministry approved 421 licences in Mandalay Region, 354 in Yangon Region and 290 in Shan State. There are reportedly more than 56,000 hotel rooms in the country with 17,700 in Yangon. There are five hotels with joint investment and 21 government-owned hotels. The ministry has allowed foreign-owned hotels in Yangon, Mandalay, Bagan, Kawthoung, Tachilek and Myeik. Investment in hotel construction reached more than US$3 billion. Singapore has led investment with US$1.6 billion, partly because it was used as a conduit by the US and other countries that imposed sanctions […]

Sembcorp Takes Another Step on Myingyan Project

​​ Singaporean energy firm Sembcorp signed a build-operate-transfer (BOT) agreement with Myanmar’s energy ministry yesterday for the Myingyan power plant, a high profile energy project expected to receive loans from a variety of international lenders. Tan Cheng Guan, Sembcorp Industries’ head of group business development and commercial, signed the BOT agreement with U Htein Lwin, […]

Mandalay Affordable Housing Units to be Sold Through Lottery System Next Year

More than 500 apartments for low-income families, government staff, pensioners and others will go on sale in January in Chan Mya Tharsi township, Mandalay Region. Buyers will be selected by drawing lots, local authorities say. The 560 apartments, in 14 five-storey buildings on a 7.67-acre (3-hectare) site in Mya Yi Nandar ward, were built by […]

Thailand Proposes Investment in Solar Power Sector

An unnamed Thai company proposed to make investments in a solar power station in Magway Region, said Myanmar Investment Commission (MIC) Deputy Director General Than Aung Kyaw on October 31. “They proposed to build a 150-megawatt solar power station in Minbu. We will allow it after examining their proposal. The proposal is being examined now” […]

DCA Submits Plan For Regional Airports to Be Privately Run

The Department of Civil Aviation has submitted a plan under which private firms would renovate and run regional domestic airports across Myanmar under public-private partnership (PPP) agreements, deputy director general U Ye Htut Aung told The Myanmar Times. The DCA submitted the plan to the Ministry of Transport and Communications last month for inspection, which in […]

Technical training aims to produce quality mangoes for healthy export

\ Technical training has been given to mango growers across Mandalay Region by a local organization working on development of the mango market, said its secretary U Kyaw Soe Naing. Since mid 2016, the organization has offered a technical training course designed especially for mango farmers in anticipation of healthy exports in the coming years. […]

Telenor Myanmar sees solid growth

TELENOR Myanmar has declared continued investment as the company enters its third year of operations in the country. Under its projections, the number of telecom towers will rise from 6,400 at present to 10,000 by 2018. At present, 300 are located in Yangon. Two years ago, the company started operations with only 68 towers in […]

Illegal Chicken Imports Continue to Worry Mandalay Producers

Representatives from the Mandalay Livestock Federation (MLF) urged the Mandalay Regional Government to take actions against illegal frozen chicken import and control its trading in the market in Mandalay. “It is difficult to estimate the real amount of imported frozen chicken in the market because massive shipments are coming into the market. This really has […]