fbpx

Foreign Countries Behind Myitsone Dam Opposition: Chinese Ambassador

YANGON—Opposition to the controversial Chinese-backed Myitsone Dam was politically victimized by “some forces backed by foreign countries” in an effort to derail Myanmar’s democratic reform process and hinder China-Myanmar relations, the outgoing Chinese ambassador to Myanmar said. “Misinformation frequently came out [about the dam]. Their goal is to create misunderstanding about the project,” Ambassador Hong […]

Export revenue from Muse border trade drops by US$600m

Myanmar recently launched its updated National Export Strategy for the next five years. The Ministry of Commerce will be adding fruits and vegetables, gems and jewellery, handicrafts, processed food products and digital businesses as potential export sectors. But the government must first address leakages occurring at the border that result in lower than optimal export […]

Taste for Western Diet Reshapes Trade in Myanmar

The arrival of a large cargo of American wheat at Myanmar’s newly opened port signals its leap into the global grain trade as the country’s demand for Western food rises. The bulk carrier New Journey offloaded 22,000 metric tons of U.S. dark northern spring wheat last week at the International Bulk Terminal Thilawa near the […]

Yangon gets smarter

Yangon is introducing smart meters to control the electricity supply, monitor usage and bill customers in a single automated system. If a pilot project is successful, the potential for further development could be huge, says the entrepreneur spearheading the technology. “It’s a step toward making Yangon a smart city and improving and extending e-government throughout […]

Myanmar unis climb in world rankings

Some Myanmar universities, including the University of Yangon and the University of Mandalay, have climbed in the World University Rankings 2019, Education Minister U Myo Thein Gyi said. “Some universities in Myanmar have risen in this year’s global ranking,” he told a press briefing in Nay Pyi Taw on Wednesday. “The University of Yangon was […]

Myanmar to call international tender for power delivery

Myanmar will hold an international tender for gas to be delivered to the country via floating power plant to generate the electricity required to meet rising demand in Yangon by summer 2020, a senior official from the Ministry of Energy and Electricity (MOEE) told The Myanmar Times. “We will invite an international tender. We will […]

Logistics player Ever Flow River to list on YSX this year

Ever Flow River Group Public Company (EFR Group), which provides logistics services in Myanmar, wants to list on the Yangon Stock Exchange (YSX) this year, its chair, U Kyaw Lwin Oo, told The Myanmar Times. If successful, it will become the sixth company to list on the bourse since its launch in 2016. EFR Group […]

China’s CNPC breaks into Myanmar fuel retailing with Singapore brand

SINGAPORE/YANGON (Reuters) – China National Petroleum Corp is planning to open dozens of petrol stations in Myanmar, the first major foreign investor to enter the fast-growing Southeast Asian fuel market, as the state giant expands its retail oil business, company officials said. The investment, which could eventually reach tens of millions of dollars, follows a […]

Seeking promising start-ups

Local recycling company RecyGlo last week emerged as the winner of the Seedstars world competition in Yangon. The start-up beat nine other local entrepreneurs to represent Myanmar at the Asia Seedstars Summit, making it eligible for US$500,000 (K767 million) in equity investments if it wins the final competition in Switzerland next April. RecyGlo’s aim of […]

Myanmar state counselor stresses utmost effort to increase power production

YANGON, May 18 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has stressed the need to make utmost effort to increase electricity production, saying that the government has set up new infrastructure for the power system including installation of new cable lines and opening of new sub-power stations. Aung San Suu Kyi, who is […]