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Why is Serge Pun betting on tourism?

Tourism has borne the brunt of an economic slowdown and the international outcry over Rakhine, but one tycoon is feeling bullish about the industry. By BEN DUNANT | FRONTIER “TOURISM is low-hanging fruit in any country looking to develop,” says Mr Serge Pun, puffing on a cigar in the headquarters of Memories Group, a company […]

Govt coffers held back by SOEs: EITI

A representative of the Extractive Industries Transparency Initiative (EITI) said Myanmar’s government fails to understand the severity of how the so-called Other Accounts of state enterprises are holding back the country’s development. EITI will be organising a workshop on reforming state-owned enterprises (SOEs) engaging in this sector will be held mid-February, according to EITI trilateral […]

Tapping the tourism potential of the Myeik Archipelago

A comprehensive plan is urgently needed to encourage and guide tourism development in one of the world’s most beautiful archipelagos. Since October 1, Myanmar and foreign travellers have been permitted to visit pearl farms in the vast and spectacularly beautiful Myeik Archipelago, in the Indian Ocean off southern Tanintharyi Region. The opening of a key […]

Reform of extractive state businesses delayed

The reform of Myanmar’s opaque and powerful state-owned enterprises (SOE) has been delayed for over a year due to sensitivity surrounding the industries. A public debate in Mandalay to reform Myanmar’s state-owned enterprises engaged in the extractive sectors was held under the work programme of Myanmar Extraction Industries Transparency Initiative (EITI), according to Department of […]

40 mining blocks wait for recommendation from respective regions, states to operate

There are about 40 mining blocks waiting for recommendations from respective regions and states, but operation will be allowed only after contract signing and test running, said Min Min Oo, permanent secretary of the Ministry of Natural Resources and Environmental Conservation. The permanent secretary made the remark during the 16th annual general meeting of Myanmar […]

Govt now processing 40 mining proposals

The Ministry of Natural Resources and Environmental Conservation (MONREC) has processed a total of 40 proposals for mineral exploration at large and medium sized mining blocks in Myanmar, its permanent secretary U Min Min Oo said. Feedback on whether any exploration activities will have an environmental or social impact is being sought from the state […]

Log exports to be permitted to lure timber plantations

The Forest Department under the Ministry of Natural Resources and Environmental Conservation has been planning to permit the export of logs harvested from private timber plantations, U Tin Tun, director of the Forest Department, told The Myanmar Times. To protect the environment and prevent deforestation, Myanmar in April 2014 banned the export of whole logs […]

Mining applications flow in, but few are complete

Over 1000 applications have been received for mining blocks since July, according to U Min Min Oo, permanent secretary at the Ministry of Natural Resources and Environmental Conservation (MONREC) at the 4th annual general meeting of Myanmar Federation of Mining Association held last week. However, only 193 of all the applications received are complete, he […]

What to expect from Myanmar’s top five export sectors

Even though Myanmar managed to bring down its trade deficit by US$500 million to $1.3 billion during the period between April 1 and September 30 from the same period last year, the volatile exchange rate and rising oil prices may well continue to drive up import costs in the coming months. U Yan Naing Tun, […]

EOI measuring limestone for building cement factory in Hakha district, Chin State. Closing date 27 Nov 2018

Ministry of Natural Resources and Environmental Conservation Department of Geological Survey and Mineral Explorer Expression of Interest in measuring limestone for building a cement factory in Hakha district, Chin State   The Department of Geological Survey and Mineral Explorer from the Ministry of Natural Resources and Environmental Conservation has issued an expression of interest inviting […]