28 Burmese Expats to Regain Citizenship

Twenty-eight Burmese expatriates will be granted Burmese citizenship soon, said permanent secretary of the Ministry of Labor, Immigration and Population U Myint Kyaing. The former administration under ex-President U Thein Sein invited Burmese expatriates back to join state-building efforts after he assumed office in 2011. Dual citizenship is prohibited in Burma, according to the 1982 […]

Health Ministry Stands Firm as Nursing Students Protest Delayed Licensing

​​ RANGOON — Policy that requires graduate nurses to serve at public hospitals for three years aims to tackle severe shortage of nurses and midwives at government medical service facilities, the Ministry of Health and Sports said on Thursday. Several hundred students from Rangoon’s University of Nursing took to the streets on Wednesday protesting against […]

Ministry Reportedly Invited Electricity Tender Without Budget Approval

​​ RANGOON — Rangoon residents’ hope for 24-hr access to electricity is fading after the Ministry of Electricity and Energy said that it had no budget for two private electricity suppliers, which last year won a tender to provide electricity for the commercial capital. In 2015, the previous government initiated a plan to deal with […]

Vietnamese Firm Wins Planning Ministry Project

​​ RANGOON — A Vietnamese firm has won the bid for a project to help upgrade Burma’s public finance system. FPT group will implement the US$11.3 million World Bank-funded project to install pre-fabricated data center facilities in Naypyidaw and Rangoon for the Ministry of Planning and Finance. The Vietnamese conglomerate beat 12 rivals from China, […]

This Is the World’s Tiniest Stock Exchange

Not many people, inside or outside the country formerly known as Burma. Now a year old, the Yangon Stock Exchange is home to just four companies. None of them has raised new capital, and trading is dominated by small investors, many of whom buy stock for less than 20,000 kyat, or $15. On a recent […]

Commerce Ministry to Cut Luxury Goods Imports

​​ NAYPYIDAW — Burma’s Ministry of Commerce plans to restrict import of luxury goods including cosmetics in an effort to cut the country’s substantial trade deficit. The ministry also plans a tax on liquor and cigarettes sold at duty-free shops in airports, ministry spokesperson U Khin Maung Lwin told The Irrawaddy. “We will run a […]

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 […]

Government Fixes Price for Massive Jade Stone at US$6 Million

RANGOON — The price of a massive unearthed giant jade stone in Hpakant Township, Kachin State, has now been fixed by the government’s Myanmar Gems Enterprise as worth around 7 billion kyats (around US$6 million). The 210-ton stone was discovered on Oct. 10 at Yadanar Taung Tann Gems Company’s mine, which is operating in a […]

Govt Unveils Detailed Economic Policies

NAYPYIDAW — Long-awaited detailed economic policies were announced by the government in Naypyidaw today with State Counselor Aung San Suu Kyi pledging a secure business environment for both local and foreign investors. “I would like to invite all business people to work with us,” the state counselor said. “That is why we host this meeting.” […]

Aung San Suu Kyi Woos Tycoons in Naypyidaw Meet-Up

NAYPYIDAW — State Counselor Daw Aung San Suu Kyi reassured some of Burma’s most prominent tycoons that their place in Burma’s economy and society was secure, so long as they backed government policy, left themselves open to scrutiny, and “worked for others.” She stressed that her intention was not to dwell on the past, expressing […]