The construction of BCIM Economic Corridor vs. Myanmar

The BCIM Economic Corridor is the economic link connecting the Ganges River of India, the Ayerwaddy River of Myanmar, and the Mekong River of Indo-China. It is the lead bridge connecting the Pacific Ocean and the Indian Ocean. It is a market focus point for China, South and South East Asia. Therefore, building of the […]

Department to call for tenders to upgrade three domestic airports

The tender call invites developers who are interested to upgrade the infrastructure projects through a public-private partnership (PPP) system, U Ye Htut Aung, deputy director general of DCA told The Myanmar Times. Public-private partnerships between a government agency and private-sector company can be used to finance, construct and operate projects, such as night markets and […]

Thirty development projects in pipeline in Mandalay through fiscal 2020-21

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

Local airlines squeezed by expensive petrol and taxation

In Myanmar, there are 10 domestic airlines and 58 planes in total which are serving local and international passengers. Compared with the rest of ASEAN, flights are rather costly, according to local airlines and the Union of Myanmar Travel Association (UMTA). “During rainy season, only three out of 10 airlines can run. The main problem […]

Groups demand compensation for impact of Myanmar-China pipeline

Fourteen findings of environmental impact along the Myanmar-China oil and gas pipeline and seven demands by Pyin Oo Lwin farmers in Mandalay have been released and will be submitted to the government. The findings and demands were released by a workshop held in Pyin Oo Lwin on July 6 by the Sein Lan Pyin Oo […]

Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Myanmar’s Phandeeyar Accelerator startup graduates Chate Sat, White Merak secures six-digit funding

Myanmar’s Phandeeyar Accelerator startups Chate Sat, a freelancing platform and White Merak, an animated comic application have secured a six-digit funding each from local and foreign investors on Thursday. Chate Sat which means connect in Burmese, has raised the investment from Vulpes Investment Management Pte Ltd back in May, alongside additional investment from Theta Capital based in Singapore […]

Google maps traffic congestion check available for Myanmar

Google Maps has added in traffic information functionality for Yangon and Mandalay where it would highlight and color code routes that were congested or otherwise. It uses a tri-color system, with red being used to mark highly jammed roads while yellow and green are for mild and low amount of traffic respectively. Many users have […]

Myanmar to Conduct Inland Ports Consultation

As part of its plans to expand Myanmar’s economy, the government will open consultations on Saturday with regional authorities to initiate six new inland water port terminals, four on the Ayeyarwaddy River and two on the Chindwin River. The consultations are part of the implementation of Myanmar’s National Transport Master Plan, which aims to boost […]

Urbanisation does not mean all roads lead to Yangon

Linking secondary cities to Yangon or Mandalay as well as smaller towns in the regions will filter down economy activity in the two big cities to local regions, the author of Urban Myanmar said. Urban Myanmar, a policy note published by International Growth Centre, outlines how cities in Myanmar can become drivers of economic growth […]