$187M Road Planned on Myanmar’s West Coast for ‘Security’ and ‘Development’

A coastal road stretching 274 kilometers (170 miles) from Rakhine State’s Thandwe to Gaw Yin Gyi Island in Irrawaddy Region’s Ngapudaw Township will be built at a cost of around 300 billion kyats ($187 million), according to Irrawaddy Region Minister for Finance and Planning U Htay Win. At the instruction of President U Win Myint, […]

Construction sites struggle as skilled workers head overseas

Daw Hay Mar, a trader, can only shake her head when talking about the high expenses she incurred in constructing a storage building and workers quarters because of poor workmanship. She said her nightmare started when she hired a group of construction workers in her neighbourhood for the job. Daw Hay Mar said the building […]

Kyaukphyu port: What happens next?

After more than two years of negotiations, the Myanmar government and China’s state-owned CITIC Group signed the framework agreement for the proposed US$1.3 billion deep-sea port in Kyaukphyu on November 8. At the press conference, CITIC chair Chang Zhenming said this meant “the beginning of further steps”. “Signing this agreement is the starting step for […]

Fuel-efficient cooking stoves in 22,000 households in Mandalay

Some 22,000 households in Mandalay Region are using fuel-efficient stoves as part of a government effort to reduce the use of firewood and the resulting destruction of forests and mangroves, according to the Mandalay Forestry Department. U Tint Swe, director of the department, said the stove campaign is aimed at addressing the energy shortage in […]

China, Myanmar look into railway project linking Muse to Mandalay

China and Myanmar are looking into the feasibility of building a railway line from their border to the city of Mandalay, four years after a high-speed project was shelved. Two state-owned companies, China Railway Eryuan Engineering Group and Myanmar Railways, signed an agreement on Monday to begin the study on a proposed rail line from […]

Manufacturing key to Myanmar’s growth

Myanmar has been transitioning to a more open and market-oriented economy over the past few years. While progress has been made throughout the economy, manufacturing has witnessed rapid expansion, accounting for 15 percent of GDP in 2007 but growing to 24pc in 2017. Garment manufacturing, in particular, has grown rapidly, with exports expected to surpass […]

MoU for Kyaukphyu SEZ to be Finalized in September

Ministry of Commerce is trying to finalize the MoU for Kyaukphu SEZ in Rakhine state in September of this year and will implement the zone sector by sector. Kyaukphyu Special Economic Zone Management Committee is in talk with China’s CITIC on the first stage framework agreement and the two parties have reached profit sharing ratio-CITIC […]

Myanmar official says ‘totally underestimated’ economic impact of Rohingya crisis

A Myanmar foreign investment official said on Wednesday he “totally underestimated” the economic damage of the Rohingya crisis, adding that the outcry over the jailing of two Reuters reporters would also have some impact on his country’s reputation. Asked at an investor forum in Singapore what impact the crisis had on Myanmar’s economy and investment, […]

New Sittwe port proposed to facilitate Myanmar-Bangladesh trade

To facilitate trade in Rakhine State, U Tin Aung Oo, chair of Rakhine State Federation of Chamber of Commerce and Industries, last week proposed the construction of a new port in Sittwe during a meeting with the vice president. He said the port, which should be able to handle vessels of up to 20,000 tonnes, […]

Lack of Funding Fueling Corruption in Forestry Sector, Senior Official Says

More than 3,200 Forestry Department staff overseen by the Ministry of Natural Resources and Environmental Conservation have been subject to disciplinary action over the past seven years, department director U Khin Maung Win said, adding that the problem is largely a result of under-funding. They were disciplined for violations including bribery and corruption, negligence, misconduct, […]