Parliament approves to borrow US$80 M from ADB

Union Parliament approved to borrow US$80 million from Asian Development Bank (ADB) for towns along Greater Mekong Sub-region development project. Kyaw Tin, Deputy Minister for Construction said the project is to develop towns located along the East-West Economic Corridor in Greater Mekong Sub-region. The ministry chose Hpa-an and Myawady from Kayin State and Mawlamyaing from […]

Yangon under pressure to solve car park shortage

The Yangon Region government has once again come under pressure to solve the chronic shortage of parking space in the city. It will now take action against those responsible for leaving containers in car parks meant for public use, Yangon Mayor U Maung Maung Soe said in Parliament last week. In Yangon, some have been […]

Construction sector under threat from high tax, interest rates

Unreasonably high tax and interest rates could lead to the collapse of Mandalay’s already ailing construction sector, U Shein Win, vice chair of the Myanmar Construction Entrepreneur Association (MCEA) told The Myanmar Times last Friday. Capital gains tax on the sale of a property in Myanmar is currently 30 percent, which is deterring activity in […]

MOEE to Provide 3,600 MW of Additional Power in Four Years

The Ministry of Electricity and Energy (MOEE) has pledged to provide an additional 3,600 megawatts of electricity within the next four years, Deputy Minister Dr. Tun Naing said in Parliament Monday. The announcement comes after an MOEE study revealed that electricity consumption in Myanmar is expected to reach 5,774MW by 2021-22 from 3,189MW in 2017-18. […]

Guiding Drug Law Reform in Myanmar

A draft bill amending Myanmar 1993 Narcotic Drugs and Psychotropic Substances Law was published in newspapers in March 2017 for public consultation. It was subsequently discussed in the upper house of Parliament (Amyothar Hluttaw) on 16 August 2017. The draft bill introduces important changes to Myanmar drug law. Most significantly, it intends to place public […]

Ministry, NGOs cooperating on education reform

At yesterday’s meeting of the Amyotha Hluttaw in Nay Pyi Taw, Deputy Minister for Education U Win Maw Tun said the ministry is conducting educational reform by cooperating with Non-Government Organisations (NGOs) in sectors and sub-sectors. The Deputy Minister was responding to a question by U Mahn Law Moung of Constituency 8 in Chin State […]

Myanmar needs to modernise small farms to rev up sluggish sector

The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]

Jade sector ranked 83rd among 89 countries assessed

An institution that ranks countries rich in natural resources has given failing or poor marks to the governance of Myanmar’s gemstone and oil and gas sectors. The 2017 Resource Governance Index assesses how a country manages their oil, gas and mining resources in order for all people in a resource-rich country to benefit. Myanmar’s gemstone […]

YCDC to reduce groundwater pumping

Yangon City Development Committee will reduce groundwater pumping, said Yangon mayor Maung Maung Soe at the fourth regular session of regional parliament on May 22. In response to the question of MP Than Swe representing Mingala Taungnyunt Constituency-2 about water supply, sewage disposal and power supply system, Maung Maung Soe said Yangon City Development Committee […]

Business Chiefs Hail ‘Final Frontier’

​​ ​​ Will Myanmar be able to cope with the fast-paced dynamic landscape of the world’s economic climate as it records the fastest GDP growth in Asia? Is the government doing enough? Is Myanmar equipped to handle the torrent of foreign interests waiting to pour into Myanmar? These were some of the questions business leaders […]