ADB Urges Myanmar to Fix Big Infra Gap

​​ EVEN THOUGH Myanmar is at a critical juncture politically, socially and economically, it has a substantial infrastructure gap that needs to be tackled as a priority, said Winfried Wicklein, Asian Development Bank’s country director in Myanmar. “I think it is important to start the development quickly to get some early runs on the board. […]

Myanmar’s Road Construction Plans: Potholes Ahead

Despite a proven wealth of natural resources and a large, albeit suppressed, domestic market, Western interest in Myanmar has so far been limited. Asia, however, is taking far more notice. While immediate neighbors China and Thailand look to promote their own regional priorities in Myanmar, East Asian nations, such as Japan and South Korea, have […]

Ooredoo hits half a million on 4G

Ooredoo has racked up half a million 4G users since it became the first telecoms operator to roll out fourth-generation services in Myanmar in May, and is looking forward to a planned spectrum auction that would help it expand coverage, chief executive Rene Meza told The Myanmar Times. When it launched 4G the Qatari firm said […]

Gold smuggling thrives across Myanmar’s borders

The thriving illegal business in gold across Myanmar’s porous borders is likely to continue unchecked until the government legalises trade of the raw material, said traders and industry sources. Industry bodies have asked the Ministry of Commerce to strike the precious metal from its list of restricted goods, saying this would boost government coffers and […]

Roads can convert Myanmar from economic void to hub

  YANGON — Once regarded as “Asia’s missing link,” Myanmar is undergoing a road construction boom. Seen as vital for economic development, arterial roads are being planned and built with greater urgency, and advances in democratization as well as cease-fires with ethnic minority rebels have sped projects along. The construction of roads connecting Myanmar with […]

Thai-Myanmar border trade resumes through Mae Sot

Myanmar soldiers reopened ports on the Moei River opposite Tak province to trade on Tuesday night after Thai authorities allowed oil exports to resume through pipelines to Myawaddy. Myanmar soldiers had closed 23 ports on the river bank on Tuesday morning. This followed Thai officials’ recent decision to ban fuel deliveries through pipelines. They said […]

Speculation raises property prices in Hpa-An industrial zone

Industrial property prices in Hpa-An have been increasing over the last several months, even though few factories are being established there, according to realtors. “The industrial zone was developed with many purposes, including job opportunities for young people. It is also to develop regional areas. People with cash speculated and bought property in areas where […]

Myanmar needs more infrastructure

MUSE, Myanmar — Towering apartment blocks are going up on the northern bank of the Shweli River in the border town of Ruili, in China’s Yunnan Province. On the opposite river bank, in Myanmar’s Shan State, the ground is being prepared for something similar in Muse. In the late 1930s, the ancient trade and migration […]

Prohibited goods still imported across Myanmar-Thai border

Restricted items such as propane cylinders, sugar, inedible monosodium glutamate (MSG) and beer are being imported from Thailand through border crossings, according to merchants. The import rates of these items seem to be increasing, despite restrictions. The import rate for propane cylinders jumped 30 per cent this year. “Propane gas tanks are being imported from […]

Two more firms allowed to offer insurance services in dollars

The government has allowed two more companies namely, First National Insurance Co Ltd and Aung Thitsar Oo Co Ltd to offer their insurance services in US dollars after inspecting their capital is free from black MONEY. First National Insurance is owned by tycoon Tay Za’s Htoo Group and Aung Thitsar Oo belongs to military-owned Myawaddy. […]