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Nation’s electricity production expected to exceed estimates

Myanmar can produce about 200 more megawatts of electricity than estimated in fiscal year 2018-2019, said U Maung Maung Win, deputy minister of the Ministry of Planning and Finance. He made the comment while discussing the Joint Public Accounts Committee report on the six-month national plan and income in the Pyidaungsu Hluttaw (Assembly of the […]

Myanmar state counselor calls for working with private sector to achieve development goals

YANGON, May 11 (Xinhua) — Myanmar State Counselor Aung San Suu Kyi has called for working together with the private sector to achieve the country’s development goals, while ensuring the maintenance of a responsible and sustainable business environment. In her video message on the occasion of the Yangon Region Investment Forum 2019, which began on […]

Myanmar targets FDI from East Asia in long-term investment plan

Myanmar is gunning for more foreign direct investments (FDI) from East Asia in the next 20 years under its new Myanmar Investment Promotion Plan (MIPP), U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA) told The Myanmar Times at a book launch in Yangon on Thursday. Besides strengthening […]

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 […]