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, […]

China Beating Japan in War for Economic Influence in Myanmar

While the Japanese foreign minister and State Counselor Daw Aung San Suu Kyi discussed Rakhine’s development in Naypyitaw last week, a Chinese Communist Party provincial secretary met the vice president to discuss increasing investment in agriculture, transport and technology cooperation. It is not the first time China and Japan have been seen directly competing on […]

Government Invites Tender Application for Projects in Kanyinchaung Economic Zone

The Government is inviting closed tender applications for various projects in the Kanyinchaung Economic Zone in Rakhine State, western Myanmar. The projects in Lot One (1) include two security guard buildings, one 4-stall restroom. Lot Two (2) includes a 1.1 mile long pre-stressed concrete panel and post fence, and 190 concrete lamp posts with the […]

Myanmar scales back Chinese-backed port project over debt fears

Myanmar has scaled back plans for a Chinese-backed port on its western coast, sharply reducing the cost of the project after concerns it could leave the south-east Asian nation heavily indebted, a top government official and an adviser told Reuters. The Kyaukpyu port is a key part of China’s ambitious Belt and Road initiative, aimed […]

Request for expressions of interest, Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 31 August 2018.

IDA Credit 5889-MM Assignment Reference Number: C4-DOH-CS08 Assignment Title: International Road and Bridge Hydrologist Individual Consultant Position The Republic of the Union of Myanmar has received financing from the World Band towards the cost of the Flood and Landslide Emergency Recovery Project (FLERP). The Department of Highways (DOH) of the Ministry of Construction (MOC) who […]

Chinese, Japanese, S. Koreans to Get Visas on Arrival from October

YANGON—Amid declining tourists numbers during the first half of the year, the government on Tuesday announced a plan to ease visa requirements for Japanese, South Korean and Chinese citizens effective Oct. 1. According to the Hotel and Tourism Ministry, citizens of Japan, South Korea and China will be able to request visas on arrival at […]

With U Set Aung in charge, no excuse for Kyaukphyu to repeat Thilawa’s rights abuses

Chair of Thilawa Special Economic Zone Management Committee (TSMC) is now also at the helm of Kyaukphyu’s SEZ body. Given that there is now an SEZ precedent to learn from, U Set Aung should ensure Kyaukphyu does not repeat the human rights abuses and lack of transparency in which Thilawa was mired. U Set Aung, […]