Mawlamyine plant may not have proper power plant permission

Myanmar: A controversial 0.5Mt/yr cement plant in Mon State’s Kyaikmayaw Township has apparently not sought permission from the Ministry of Electricity and Energy in order to generate power, according to the ministry itself. This has rekindled demands from local residents that the plant cease production. The US$400m plant, run by Mawlamyine Cement Limited (MCL), is […]

National Prosperity Company under scrutiny on gold debt to gov’t

Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]

Yangon Chief Minister Apologizes to Military Chief

YANGON — Yangon Chief Minister U Phyo Min Thein apologized to the Myanmar Army Commander-in-Chief Snr-Gen Min Aung Hlaing for comments that the military called confrontational. The chief minister said there were no civil-military relations in the democratic era and that the military’s commander-in-chief was the same as the level of director-general according to the […]

MIC pushes through dozens of investment approvals

The commission, which answers directly to the President’s Office, meets several times a month to approve foreign, joint-venture and local investments. According to MIC information dating back to January 2015, the average number of investments approved at each meeting is just under 10. No more than 20 projects have been approved at any previous meeting. […]

NLD leader’s next challenge: the bureaucracy

Staff in the four ministries soon to come under Daw Aung San Suu Kyi’s management have welcomed her appointment, telling The Myanmar Times they hope she can accelerate administrative reforms in the civil service. But analysts and insiders have cautioned that she will face myriad challenges in cleaning up the bureaucracy and upholding promises of […]

President’s Office to grant ministry land to Shwedagon developers

The President’s Office will grant ministry-owned land in Yangon to five companies, as compensation for cancelling their projects beside Shwedagon Pagoda earlier this year, a senior official said. The five large developments were to be built on Ministry of Defence land beside Myanmar’s most famous religious site, but were called off permanently in July, following […]

New Myanmar government to tighten safety after jade mine disaster

Myanmar’s newly elected government said on Tuesday that it plans to tighten safety controls at the country’s poorly regulated jade mines after a landslide swept over a mining encampment, resulting in a death toll expected to reach around 200 people. Aung San Suu Kyi’s National League for Democracy(NLD) won a resounding victory in the country’s […]

Myanmar govt, Facebook to purge hate speech accounts

The Myanmar government is set to work with Facebook to delete any accounts on the social network that post hate speech or incite personal attacks during the upcoming election, the President’s Office said. Zaw Htay, director of the President’s Office, told the Democratic Voice of Burma that the government has reviewed Facebook’s community standards, and […]

Black market for currency exchange in the crosshairs

Experts say that distrust over formal currency exchange dating back to the previous military government and more recent problems with exchange rates has kept the black market alive – though authorities are claiming they are preparing to take action. The government is planning a crackdown on those continuing to trade currencies without licences in an […]

German Industry and Commerce Delegation Launches in Myanmar

The Delegation of German Industry and Commerce has launched its operation in Myanmar in a bid to boost business and bilateral ties between the two countries. The office will be co-funded by the Association of German Chambers of Commerce and Industry (DIHK) and the German Ministry of Economic Affairs and Energy, the Delegation said in […]