Business community pins sanction hopes on State Counsellor’s visit to US

With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]

Employment rises throughout U Thein Sein administration

The five-year term in office of President U Thein Sein saw an increase in foreign investment into Myanmar, with a 67.85 per cent increase in employment opportunities, according to a statement released by the Myanmar Investment Commission on 30 March. During the 2011-12 fiscal year, there was an increase of 6,804 employees working for foreign […]

Guest registration changes tipped to win NLD ‘goodwill’

“Midnight inspections” – raids on the homes of suspected dissidents and opponents of the former regime – could be a thing of the past. But observers have warned that the proposal by the National League for Democracy to scrap this practice would leave many other repressive laws in place. On March 21, the NLD proposed abolishing the […]

Shop owners quarrel over Mingalar market future

Construction of a temporary replacement for Mingalar Market, which was destroyed by a fire on January 9, may be delayed due to disagreement on whether to reconstruct the market or build a new one, shop owners say. Owners of spaces in the Yangon market disagree about its future, with a division mainly between those whose […]

Government backtracks on vehicle import policies

Bowing under pressure from dealers and sellers, the government has relaxed its new vehicle import policies for the coming year. The changes will come as a relief to importers, who had deemed policies announced in mid-December too strict, and had asked President U Thein Sein to consider an amendment. The unpopular regulations announced in December […]

China’s CITIC awarded tender for the Kyaukphyu SEZ

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. CITIC Consortium I & II won the tenders for the development of the Kyaukphy Special Economic Zone according to the announcement of the Kyaukphyu SEZ Bid Evaluation and Awarding Committee yesterday. The statement of the committee said CITIC […]

Few workers left in deserted Magwe

Villages in Magwe Region are becoming ever more sparsely populated, as men and women move overseas in search of work, leaving few behind to plant and pick the region’s native crops, farmers said. Flooding in July and August destroyed thousands of acres of farmland, and hundreds of thousands more have been confiscated by the government […]

Upper Paunglaung hydropower project opened in Sittang River valley

Myanmar’s 140-MW Upper Paunglaung hydropower project officially opened this week in a ceremony that included officials from the country’s Minsitry of Electric Power and President U Thein Sein. Located in central Myanmar along the Paunglaung River, the $24 million plant will help meet the country’s demand for power, which is increasing about 15 percent per […]

Mandalay marble miners protest planned wildlife sanctuary

Marble miners have hit back against a bid to establish a wildlife sanctuary that they say could close down one of the country’s major export industries. The Yatkansintaung religious association is advocating for quarries to be closed and replaced by a wildlife reserve, while the Myanmar Federation of Mining Associations (MFMA) says the mines in […]

Dala landowners hold out for bridge compensation

The government has already signed an agreement to pay 60 owners K130 million each in compensation for their land, residents said. U Tin Hlaing, chair of the Dala Township Development Committee, said yesterday, “We calculate compensation at a rate of K130 million for a 60-by-40-foot plot. Sixty residents have agreed to move, and eight have […]