‘Prison Made Me Mature’: says Phyo Min Thein Yangon Chief Minister

Yangon dominates Myanmar. Whilst Naypyidaw, 320km to the north, has been the capital for the past 11 years, this vibrant port city with its traffic-clogged streets, fading colonial splendour and the serene beauty of the Shwedagon Pagoda continues to enthral the nation. As Aung San Suu Kyi and her National League for Democracy (NLD) mark […]

Myanmar, France Chambers of Commerce Sign Pact for Stronger Economic Ties

Yangon Though investment by French firms in Myanmar has accounted for less than 1 per cent of the total forฌeign direct investment, the figures are likely to surge over the next few years as the Union of Myanmar Federation of Chamber of Commerce and Industry on Friday signed a memorandum of understanding (MOU) with CCI […]

‘Invest in Steel and Cement’ – Government Calls on Entrepreneurs to Prop Up Hungry Construction Sector

Minister for Plan­ning and Fi­nance U Kyaw Win has called on local entrepreneurs to invest in the cement and steel industry in efforts to meet the demand of the coun­try’s booming construc­tion sector. The government has plans to create industrial zones specially for cement and steel factories, said U Kyaw Win adding, that the investment […]

All’s Quiet for Property Market

The last two years of lacklustre performance in the property market has indicated a limited potential for transactions to take place this year, according to real estate agents. “Yangon’s property market doesn’t seem to be improving because we don’t see good potential for this year. “At first, we thought that 2017 would rehabilitate the country’s […]

Finance Ministry Plans to Expand Online Cargo Clearance System

Plans are underway to expand the My­anmar Automatic Cargo Clearance System, a computerised network aimed at speeding up trade at ports and bor­ders, a minister has said. The expansion will start in 2018 and cover trade posts at Myanmar’s land borders, said U Kyaw Win, the Minister of Plan­ning Finance. It follows the success of […]

Time to Fix the Economy With Action, Not Words

Economists and business owners, while acknowledging and applauding the measures put into achieving peace and stability, say the National League for Democracy-led government has largely ignored the economy during its first year in power. Some experts and entrepreneurs told The Myanmar Times that the government needs to focus on ways and means of stimulating economic growth and […]

Adviser: Actually, the Government Has Made Significant Strides on the Economy

Government economic adviser Sean Turnell has hit back against a barrage of recent criticism over the performance of the National League for Democracy (NLD)-led administration during its first year of office. The government’s achievements on the economy were “considerable” and “too often overlooked” the adviser said. Daw Aung San Suu Kyi’s government has been bruised […]

Myanmar-China Crude Oil Pipeline to Commence Next Month

​ After a two-year delay, the Myanmar-China crude oil pipeline is expected to begin operating in May, officials said this week. The respective parties of Myanmar and China were discussing the terms and conditions on the crude oil pipeline operation since its soft opening launched in early 2015, according to officials. “The crude oil pipeline […]

Yangon to Commence Southwest New City in April

Yangon Southwest New City will be implemented by a joint venture agreement between the Yangon Region government and local construction developers, and the government expects the implementation process to start on April 1, 2017. The new city project was discussed by lawmakers at the Yangon regional parliament session last week and the regional government submitted to […]

Yangon to Boost Revenue by Taxing for-Profit Pandals

​​ Despite a government ban on for-profit pandals in public areas, the Yangon Region government will allow them in private areas during Thingyan, or water festival, according to Yangon Chief Minister U Phyo Min Thein on March 24. “We’ve received applications to hold entertainment pandals at The One Entertainment [in Thuwunna township], People’s park and […]