Infrastructure development critical for Myanmar to woo investors, forum hears

SINCE MYANMAR’S lack of adequate infrastructure may deter potential investors, the government must urgently bring infrastructure development into focus, according to the Myanmar Infrastructure Forum held on Friday. The government’s clear decisions would drive the future of Myanmar, said Teo Eng Cheong, CEO International of Singapore, North Asia and Southeast Asia at Surbana Jurong Private […]

NLD government to face tougher challenges in 2018

Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]

Yangon, Mon Power Plants to Come Online in ’18

​​ Two new power plants in Yangon Region and Mon State with a combined capacity of 226 megawatts will start power distribution in 2018, U Htay Aung, the deputy permanent secretary for the Ministry of Electricity and Energy, said Thursday. The Yangon power plant in Thaketa township has a capacity of 106 megawatts and the Mon […]

Mon State Expects Fresh FDI Next Year

Mon State attracted foreign direct investments (FDI) totaling $5.9 billion between 1994 and 2017, according to the Mon State Directorate of Investment and Company. While no new foreign investors have come to Mon since the present government took over during the 2016-17 fiscal year, the local government expects things to improve in the coming year. […]

Factory accused of using journalists to polish image

A CEMENT factory in Mon State is alleged to have used images of journalists who visited its company premises recently in its promotional billboard, apparently to boost its image amid protests from nearby residents over alleged pollution from the facility. The Mawlamyine Cement Limited (MCL), a joint venture between SGC and Pacific Link Cement Industries, […]

Jotun opens factory in Myanmar

Jotun, a privately-owned Norwegian paint maker, has opened a K14 billion factory in Bago Region. Located in the Bago Foreign Industrial Zone, the 4-hectare plant will provide paint manufacturing jobs for more than 60 employees. Jotun first entered Myanmar in 2013 before obtaining an investment license to build the factory from the Myanmar Investment Commission […]

Mon State Revenue Collection Declines in 2017

​​ Revenue collection for 2017 in the Mon State dropped by K272.64 million compared to the previous year, said an official from Mon State Internal Revenue Department. This year, Mon State collected nearly K5.29 billion down from the K5.57 billion collected last year, said U Myo Ko, assistant general director of the Mon State Internal Revenue […]

Myanmar rubber exports set to rise even as global prices take a beating

The price of rubber has fallen below its cost of production in major exporting countries. Yet, international demand for rubber produced in Myanmar has risen and insiders reckon things could remain upbeat for a while more. “Myanmar rubber production will certainly increase on the back of rising international consumption and demand,” U Myo Thant, vice-chair […]

Myingyan power plant to finish soon

The Myingyan combined-cycle gas turbine power plant is about 91 per cent finished and the electricity generated from the power plant will be added to national grid, according to the Ministry of Electricity and Energy. The 225-megawatt power project was developed by Singapore based Sembcorp Myingyan Power Co Ltd, under a power purchase agreement with […]

Myanmar’s first cable car on track to open in December

Construction of the Kyaikhteeyoe cable car project, the first such service in Myanmar, connecting Yathaetaung and Kyaikhteeyoe hill in Kyaikhto, Mon State, is 90 per cent finished and is planned to open in the first week of December, according to the project officer. “It is nearly completed. We are now doing the finishing touches to […]