Myanmar to showcase investment projects, reforms in Hong Kong’s Belt and Road forum

The newly-appointed chair of Myanmar Investment Commission (MIC) U Thaung Tun, who is also Union Minister at the Office of the Union Government, is going to lead a delegation to the third annual Belt and Road Summit in Hong Kong this week. Demonstrated by the major economic reforms we have implemented over the past year, […]

Myanmar not ready yet for auto boom

THOUGH MYANMAR has the potential for a boom in its automotive industry, it may take more than five years to enjoy tangible benefits in reality, according to Soe Tun, president of Myanmar Automobile Manufacturers and Distributors Association and managing director of Farmer Auto Trading Co. “It is not the right time for newcomers to enter […]

Myanmar earns over $3 billion in exports in current FY

MYANAMR earned US$3.024 billion from the export of domestic products to international countries between 1 April and 15 June of the six-month interim period which began April 1, according to the Ministry of Commerce. The country exported six major groups of commodities to its trade partners, including agricultural products and animal products, fisheries, minerals, forest […]

Effective legal action to be taken against corrupt civil servants after amending anti-corruption law

The peace talks between State Counsellor Aung San Suu Kyi and residents from different fields took place in Mawlamyin, Mon State on June 14. (Photo-State Counsellor Office) The government will be able to take effective legal actions against corrupt civil servants after an anti-corruption law has been amended and control authorized personnel not to misuse […]

Government woos private sector in construction of Yangon elevated ring road

The Ministry of Construction (MOC) is inviting the private sector to submit Expressions of Interest (EOI) to participate in the construction of an elevated four-lane ring road in Yangon. The MOC on May 18 invited both local and international companies interested in designing, engineering, financing, constructing, operating and maintaining the proposed expressway under a Public […]

Invitation to Kayah Investment Forum, 26 May 2018 at Loikaw

Background: Kayah State has vast and diversified land that enables various types of agriculture, tourism and other industries. The estimates population in 2017 was approximately 291,778. Kayah State is divided into 2 districts (Loikaw and Bawlake) which are divided into 7 townships with 106 wards and villages.. Kayah State is located in north latitude 18 […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Disappointment at government hasn’t eroded support among businesses: academic

The disappointment at the current government’s sluggish economic reforms has not eroded the support among businesses, according to a Mandalay and Bangkok-based academic. On the contrary, businesses are worried that a failure of the administration will roll the country back to the junta era. The Myanmar Times talked to Pietro Borsano, lecturer at Mandalay International […]

MADB to help fuel growth across entire agriculture supply chain

Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]