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New Tanintharyi Chief Minister Pledges to Tackle Power, Land Issues New

The new Tanintharyi Region chief minister has vowed to address power shortages and land disputes in the region. As he took the oath of office as the region’s new chief minister on Monday, U Myint Maung promised “to return to local farmers the farmland that private companies have left idle, for the development of the […]

New city development needed to draw foreign investments: Chief Minister

Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]

Myanmar calls for S. Korea’s increased investments

BUSAN, Dec. 11 (Yonhap) — Myanmar’s president asked South Korea Thursday to expand its investment in a country that has undertaken a wave of reforms after decades of military rule. President Thein Sein made the request during a meeting with South Korean President Park Geun-hye on the sidelines of a special summit between South Korea […]

Electricity issues to threaten big industry

With another summer approaching, Yangon industrial estates are again facing the prospect of massive power outages that owners expect will cost industrialists hundreds of thousands of dollars in profit, while hurting the commercial capital’s efforts to bolster an investor-friendly reputation. In the summer months of March to May 2013, factories had as little as three […]

Power shortages hold Myanmar back

The recent protests in Yangon against a hike in electricity charges have shed some light on Myanmar’s serious power crisis. In the past three years Myanmar has witnessed the suspension of the Chinese-invested Myitsone dam project, mass demonstrations against blackouts in big cities like Yangon and Mandalay, and protests against the rate rise. Electricity is […]

Thai private sector should invest in rice business in Myanmar

Thailand’s Kasikorn Research Center (KRC) said the Thai private sector should invest in rice businesses in Myanmar after the country has sped up intensive rice production both in terms of quantity and quality. Myanmar has conducted research and development on rice breeds, agricultural technology and irrigation systems, prompting the country to have continued growth of […]