With U Set Aung in charge, no excuse for Kyaukphyu to repeat Thilawa’s rights abuses

Chair of Thilawa Special Economic Zone Management Committee (TSMC) is now also at the helm of Kyaukphyu’s SEZ body. Given that there is now an SEZ precedent to learn from, U Set Aung should ensure Kyaukphyu does not repeat the human rights abuses and lack of transparency in which Thilawa was mired. U Set Aung, […]

Investors to be invited for China-Myanmar Economic Corridor

YANGON- Government will be inviting local and international investors aiming to build basic infrastructures such as industrial zones, urban development projects and agricultural zones which are being included in China-Myanmar Economic Corridor project, says Directorate of Investment and Companies Administration (DICA). China is implementing the One Belt, One Road Initiative. Moreover, economic corridor project also […]

Parliamentary Committee to Examine 24 State-Owned Factories

NAYPYITAW — The Lower House Investment and Industrial Development Committee will consider the termination or privatization of 24 loss-making state-owned factories—including the Myingyan Steel Factory which has received significant state investment. Committee member U Aung Kyaw Kyaw Oo said: “A total of 24 factories are making a loss, most were suspended when parliament discussed the […]

External trade value hit over US$15 billion

The value of external trade as of 28th October in this fiscal year 2016-2017 reached over US$- 15billion, very close to that of last fiscal year, according to statistics from the Ministry of Commerce. The trade value from 1st to 28th October in this fiscal year was US$15,067.626million, and in the same period last fiscal […]