Economic sanctions can no longer power Myanmar’s democratic transition, US ambassador says

US Ambassador to Myanmar Scot Marciel yesterday defended the decision to purge the sanctions list, referring to the embargoes as no longer politically expedient and a constraint on trade between the two countries. “The cost of maintaining sanctions is greater than that of easing the sanctions,” he said, adding that the decision had been thoroughly […]

Natural gas export earned US$1.2billion

The export of natural gas as of 9th September in this fiscal year 2016-2017 fetched only US$1.2billion, a slump of US$770million when compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce. The export value of natural gas in this fiscal year amounted to US$1,230.765million, whereas that […]

Myanmar’s Foreign Policy Rebalance

The country’s shift in its alignments is about more than just China and the United States. Myanmar’s new government is making its international debut. In mid-August 2016, Beijing welcomed Aung San Suu Kyi on her first visit to China since becoming Myanmar’s state counselor and foreign minister. This followed her trips to Myanmar’s ASEAN neighbors […]

Rakhine’s coastal waters still plagued by off-shore fishing vessels

The illegal entry of off-shore fishing vessels into Rakhine State’s shallow, coastal waters has reportedly see a depletion in amount of fish being caught by near-shore fisherman, Myitmakha News Agency has been informed. The Department of Fisheries has demarcated a territory ten-miles from the shore as an area exclusive to near-shore fishing vessels, but off-shore […]

Earthquake highlights need for rigorous protection of Bagan temples

BAGAN’s famed pagodas appear to be the greatest casualty in the tourism sector after a powerful magnitude 6.8 earthquake struck central Myanmar on Wednesday. The US Geological Survey said the quake hit near Chauk, a town 120km from Bagan. At least three people were killed and some 185 brick pagodas were damaged, the state newspaper […]

Small industrial zones lack government support

Investment should be directed toward upgrading the country’s ageing industrial zones, as the government contemplates launching new ones, say Yangon industrialists. As the Yangon Region government and Myanmar Investment Commission (MIC) mull the regeneration of the country’s industrial base, the owners of existing factories say more can be done to make them competitive. U Ko […]

Major earthquake strikes central Myanmar, kills four, destroys pagodas

A powerful 6.8 magnitude earthquake shook central Myanmar yesterday, killing at least four people and damaging famous pagodas in Bagan and other regions. The earthquake, with its epicenter inside Myanmar, about 12 miles west of Chauk and about 123 miles southwest of the Mandalay seismological observatory, was recorded at 5.04 pm, according to the announcement […]

Australian investor to build vinery in Chin State

AN Australian leading grapes wine manufacturer plans to establish a winery in Haka, the capital town of Chin State, this year. A member of Chin State Government said the name of Australian company will be revealled when the project initiates in the region. In cooperation with the state authorities, the implementation of such production business […]

Myanmar census data undercuts Buddhist hardliner claims

NAY PYI TAW: Muslims make up just over two per cent of Myanmar’s population, government census figures showed on Thursday (Jul 21), undercutting claims by Buddhist hardliners that Islam poses a threat to the dominance of their faith. Full details from the 2014 count, the first of its kind in decades, was withheld for almost […]

France to fund feasibility study for Myanmar’s 690-MW Laymyo hydropower project

The French government has agreed to provide US$1 million to help Myanmar perform feasibility studies for the 690-MW Laymyo hydroelectric plant. The cascade system is to include two powerhouses — the 600-MW Laymyo 1 and 90-MW Laymyo 2, according to Ministry of Electricity and Energy officials — and will be located in Myanmar’s southwestern Rakhine […]