Land dispute in Myotha industrial park nears end

Ninety percent of lands that were taken for an industrial project has been compensated for in the Myotha industrial park in Mandalay Region, said U Tun Soe, deputy staff officer of Land Records Department. The compensation for lands grabbed in the Myotha industrial park project is K2million per acre for farmlands with rights already granted […]

Illegal paddy exports putting rice mills out of business

In Mandalay Region, which is one of the main paddy producers of Myanmar, almost every rice mill has shuttered due to illegal direct paddy exports, according to the regional Rice Millers Association. In Myanmar, direct paddy exports are not permitted. However, Chinese traders have been exporting paddy directly to China after buying the crops from […]

Coffee Exports Stimulated by Production and Demand

Myanmar coffee traders have exported 535 tons of coffee beans this fiscal year, twice as much as the same period the year before, according to statistics from the Ministry of Commerce. Last year, the nation exported 860 tons of coffee generating $1.438 million. In the first five months of the 2017-2018 fiscal year, exports have […]

Developer brushes off concerns about Myotha Industrial Park

DEVELOPER Mandalay Myotha Industrial Development has brushed off human rights concerns and accusations in relation to the Myotha Industrial Park in Mandalay, while the International Federation for Human Rights argued that the process for the establishment of the park underscores the failure by the developer to conduct proper human rights due diligence. Tensions and confrontations […]

Parliamentary Committee to Examine 24 State-Owned Factories

NAYPYITAW — The Lower House Investment and Industrial Development Committee will consider the termination or privatization of 24 loss-making state-owned factories—including the Myingyan Steel Factory which has received significant state investment. Committee member U Aung Kyaw Kyaw Oo said: “A total of 24 factories are making a loss, most were suspended when parliament discussed the […]

Yangon government reviews cinema rental fee

Yangon Region government is reviewing the rental fee for state owned and private cinemas, Minister Daw Naw Pan Thinzar Myo for Karen Affairs said Tuesday at Yangon Region Parliament session. MP U Kyaw Zay Ya from Dagon Township asked the parliament when the regional government started renting out cinemas and stalls in Yangon Region and […]

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 […]

IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project

The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region, operated by the Shwe Taung Conglomerate. The firm’s chairman, Aik Htun, had been alleged by US authorities to have had ties to the drug […]

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 […]

Government to open vocational training schools for dropouts in Yangon

The Yangon government and the Ministry of Education will start collaboration in running vocational training schools in the region to help youth dropouts find gainful employment, Yangon Chief Minister U Phyo Min Thein said. “Children who drop out from school will finally have a chance to get access to education that they can afford,” U […]