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IFC report recommends alternatives to high-risk Myitsone

January 3, 2019 by Thiha

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

Filed Under: Latest News Tagged With: Ayeyarwady, Ayeyarwady River, basin, CHina Power Investment Corporation, Chindwin, Chinese, coastal, construction, Ecodev, ecosystems, electricity, Global Times, hydropower, hydropower sector, IFC, International Finance Corporation, Mali Hka, marine ecosystems, MCRB, Mekong, Mekong River Commission, MIID, Myanmar, Myanmar Institute for Integrated Development, Myanmar Sustainable Development Plan, Myitsone, Myitsone Dam, N’mai Hka, natural resources, NLD, renewable energy, river, sea, socio-economic, Solar, SPIC, Stakeholders, State Power Investment Corporation, strategic decisions, Strategic Environmental Assessment, subbasins, Thanlwin, Yunnan Province

Financial Services Key to Rapid Myanmar Growth

August 8, 2018 by Thiha

The rapid economic growth in Myanmar has the potential to create more new jobs in financial services than any other country in Southeast Asia (SEA), according to Red Dot, the Yangon-based cash acceptance network. “Financial services are central to all key sectors in Myanmar – agriculture and food, manufacturing construction, hotels and leisure, tourism, healthcare […]

Filed Under: Latest News Tagged With: Economic Growth, Financial Services, Myanmar, Red Dot, sea

Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion

July 18, 2018 by Thiha

Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]

Filed Under: Latest News Tagged With: Asia analyst, BMI Research, central bank, Chair, China, Chinese Investment, Chinese sources, CITIC-led consortium, deep sea port, DICA, director-general, Directorate of Investment and Company Administration, domestic capital market, economic adviser, Environmental and Social Impact Assessments, ESIA, Export-Import Bank of China, former Rakhine Advisory Commission, Hambantota Port, Hong Kong, ICJ, ILO, International Commission of Jurists, International Labour Organisation, Kofi Annan, KSMC, Kyaukphyu SEZ, Kyaukphyu SEZ Management Committee, Kyaukpyu Special Economic Zone, labour market assessment, Loans, MIC, Ministry of Planning and Finance, Myanmar investment commission, NLD, permanent secretary, planning and finance minister, Rakhine State, Raphael Mok, sea, Sean Turnell, SEZ Central Executive Committee chair, Sri Lanka, State Counsellor, Strategic Environmental Assessment, U Aung Soe, U Soe Win, U Than Myint, U Thaung Tun, U Tun Tun Naing

Industry debates tax levels after easing gold trade

February 26, 2018 by Thiha

Speculation has been rife over the level of duties involved in the import and export of gold since the trade was liberalised last month, allowing gold to move freely in and out of the country via air, sea and border routes. Although the authorities have yet to make any announcements, industry insiders reckon a 15 […]

Filed Under: Latest News Tagged With: Air, border routes, China, Current Price, Exchange Rate, export taxes, gold bars and coins, Gold Mining, gold supply chain, Gold tax, gold trade, Illegal Trade, Import and Export, industry, Inland Revenue Department, IRD, Jewelry, local gold consumption, Ministry of Planning and Finance, Myanmar Gold Traders Association, Myanmar Times, Myanmar-Indian border, sea, tax levels, transportation costs, U Aung San Win, Vice Chair

Locals Upset Over IFC Meeting Regarding Salween Hydropower Project

January 25, 2018 by thiha

MANDALAY — Action for Shan State Rivers (ASSR) said on Monday that locals were saddened by the meeting of the International Finance Corporation (IFC) concerning the controversial hydropower projects on the Salween River in Shan State. “Despite disagreements, the IFC held a stakeholder discussion in Taunggyi on Monday, without representatives of impacted locals or local […]

Filed Under: Latest News Tagged With: accountability, Action for Shan State Rivers, ASSR, China, civil society organizations, CSO, Hopong Townships, Hydropower Corporations, IFC, International Finance Corporation, Karen States, Karenni, Lashio, mandalay, MATA, Myanmar Alliance for Transparency, Naung Pha dam, Naypyitaw Government, Sai Khur Hseng, Salween River, Salween River in Shan State, sea, Shan, Strategic Environmental Assessment, The Irrawaddy Myitsone Hydropower Projects, The MATA Statement

IFC, Australia Back Nationwide Study on Myanmar’s Hydropower

January 19, 2018 by thiha

AS MYANMAR needs more electricity to realise its development goals during the first civilian government’s term, two ministries have been holding a series of discussions until the third week of January to finalise the countrywide strategic environmental assessment (SEA) on hydropower potential by March. The series of discussions started with a stakeholder meeting in Myitkyina, […]

Filed Under: Latest News Tagged With: Ayeyarwady, Bago, Capital of Thanintharyi Region, Development of Asia Pacific Region, Energy, HpaAn, IFC Country Manager for Myanmar, International Finance Corporation, Ministry of Electricity, Ministry of Natural Resources and Environmental Conservation, Nay Pyi Taw, sea, Strategic Environmental Assessment, Taunggyi, The Australian Government, Vikram Kumar

Myanmar’s Tanintharyi Region Invites Power Investments

January 18, 2018 by thiha

PEOPLE’S thirst for electricity would create a lot of opportunities for investors to do business in Myanmar’s Tanintharyi region bordering Kanchanaburi Province. Kyaw Kyaw Win, a small-scale food manufacturer living in Dawei, the capital of the region, said locals were eager to welcome any bid to boost access to electricity by the authorities as long […]

Filed Under: Latest News Tagged With: Australian Aid, Environmental Conservation, Environmental Conservation Department, International Finance Corporation, Kanchanaburi province, Kawthaung, Kyaw Kyaw Naing, Kyaw Kyaw Win, Member of Myeik District Electricity Advisory Committee, MIC, Myanmar investment commission, Myeik, Myint Maung, sea, Strategic Environmental Assessment, Tanintharyi Region Electricity Supply Enterprise, Tanintharyi Region Government Minister for Natural Resources, Yangon

Plans for new rubber plant discussed in Thaton Township

June 29, 2017 by Thiha

Ministry of Industry and Thaton Township officials discussed plans to build a new rubber manufacturing plant in the Mon State, according to a report Myawady Daily newspaper. The plan for the No. 21 Heavy Industry Tyre and Rubber Factory – including the need for agricultural land leases, new manufacturing methods to produce good quality rubber […]

Filed Under: Latest News Tagged With: agricultural land leases, Association Chairman Dr. Than Myo, China, cross-border trade stations, dollar exchange rate, export, fertilizer, global economic trends, global petroleum prices, Heavy Industry Tyre, India, international buyers, international demand, Japan, Ministry of Industry, Mon State, Myanmar’s rubber producers, Myawady Daily Newspaper, new manufacturing methods, Rubber Factory, rubber manufacturing plant, Rubber Planters and Producers Association, Rubber prices, sea, shipments, South Korea, Thaton Township, traditional farming methods

Can Myanmar’s Hydropower Study Truly be For The People?

November 24, 2016 by thiha

In recent weeks, violent clashes in Kayin State have further disrupted Myanmar’s fragile peace process. Fighting between the Democratic Karen Buddhist Army (DKBA) and the government-sponsored Border Guard Force (BGF) in Mae Tha Waw areas of Hlaingbwe township, and more recently near Kawkareik township, has displaced over a thousand people. Entire families have fled their homes and are […]

Filed Under: Latest News Tagged With: Advisory Group, BGF, Border Guard Force, Chinese, Democratic Karen Buddhist Army, DKBA, forestry, Hat Gyi, Hat Gyi hydropower, Hlaingbwe Township, IFC, International Finance Corporation, Kawkareik Township, Kayin State, Mae Tha Waw, Mekong River Commission, Ministry of Electric Power, Ministry of Environmental Conservation, MOECAF, Mong Ton, Salween River in Shan State, sea, Strategic Environmental Assessment, Thai, World Bank

Myanmar’s first electronic bill payment solution launched

June 11, 2015 by thiha

2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June. 2C2P and MPU are providing a non-cash payment option for prepaid phone […]

Filed Under: Latest News Tagged With: 2C2P, Aung Kyaw Moe, E-Commerce, easyBills, electronic bill, MECTel, mpt, MPU, Myanmar Payment Union, Myanmar Posts and Telecommuncations, Oredoo, Payment, sea, Services, Southeast Asian, telenor, Zaw Lin Htut