Ministry of Mines ready for handover

The Ministry of Mines has set its affairs in order and is ready to serve under the incoming government, director general U Win Htein told The Myanmar Times. All government departments are now preparing to receive the new ministers of the National League for Democracy government that will take over on March 31. At the […]

Myanmar Lawmakers Name Htin Kyaw President, Affirming Civilian Rule

NAYPYIDAW, Myanmar — Myanmar’s Parliament elected a confidant of Daw Aung San Suu Kyi as president on Tuesday, ending decades of leadership by the military and its allies. U Htin Kyaw, 69, won with more than half the votes. He was considered almost certain to take the presidency after his nomination last week by Ms. […]

Incoming Myanmar government mulling Chinese dam rethink

Aung San Suu Kyi’s incoming government is considering a rethink of the controversial Chinese-backed multi-billion dollar Myitsone hydropower dam in northern Myanmar. YANGON: Aung San Suu Kyi’s incoming government is considering a rethink of a controversial Chinese-backed dam in Myanmar and looking for ways to end a military conglomerate’s “privileges”, according to her party’s economic advisor. […]

Aung san suu kyis party rebuts fake Myanmar president release

YANGON (AFP) – Aung San Suu Kyi’s pro-democracy party on Monday (March 7) denounced as “fake” a widely circulated letter purporting to reveal its choice of proxy Myanmar president, as speculation over who will take the role reaches fever pitch. Suu Kyi and her National League for Democracy (NLD) have kept a tight lid on […]

Clash complicates 2600MHz auction

A spectrum auction scheduled for the end of March may not come off as outlined in initial plans, as the communications ministry is still weighing commentary from the telecoms industry. At the beginning of February, the Ministry of Communications and Information Technology (MCIT) posted a consultative document about the auction of 140MHz of spectrum in […]

Myanmar admits more foreign banks ahead of NLD accession

BANGKOK — Myanmar has given preliminary operating licenses to four more foreign banks, following the government’s decision in late 2014 to grant licenses to an initial nine foreign banks. The move — just before a new administration led by Aung San Suu Kyi takes over on April 1 — highlights a rush by the incumbent […]

Govt Defends Plan to Ramp-Up Reliance on Coal

RANGOON — The government intends to push ahead with plans to increase Burma’s reliance on coal-fired power plants to 33 percent of the country’s total generating capacity by 2030, according to a deputy minister from the Ministry of Electric Power. Aung Than Oo, the deputy minister, said on Wednesday that due to projected steady growth […]