German ambassador lauds vocational training centre

The German ambassador spoke of the value of vocational training at the inauguration ceremony of the No. 1 Industrial Training Center (Sinde) held in Pyay on February 8. The project is co-funded by the German government and the Myanmar government. Mrs. Dorothee Jantzke-Wenzel, German Ambassador to Myanmar, had the following to say at the event: […]

Draft YCDC Law to drive Yangon growth submitted in Parliament

Yangon’s leaders want to upgrade and promote the city as a business hub for the country. Last week, its mayor, U Maung Maung Soe, submitted draft legislation for the governing and development of the city to the Yangon Regional Parliament. “The draft YCDC Law covers 32 sectors and has 398 sections concerning the development of […]

Yangon-Mandalay Train Journey will Shorten to 8 Hours by 2023

Japan has thrown its weight behind Myanmar’s railway development by funding the Yangon-Mandalay railway, according to the country’s foreign minister Taro Kono who held a joint press conference in the capital with State Counsellor Daw Aung San Suu Kyi on January 12. The railroad upgrade programme is expected to cut travel time between Yangon and Taungoo […]

Architects, Experts Slam Draft Law for Yangon City Development

YANGON—A new draft law governing the development of Yangon has been condemned by architects and urban planners, who say it lacks a long-term vision for Myanmar’s biggest city, as well as safeguards against conflicts of interest involving members of the city’s development authority. Yangon government-appointed experts and the Yangon City Development Committee (YCDC), the municipal […]

Government expects growth of 6.8pc in 2017-18

Despite the slowdown in economic growth, the growth rate for Myanmar is expected to reach 6.8 percent for the fiscal year 2017-18, U Htin Kyaw, the country’s president, said during the national planning commission’s meeting on Tuesday, according to the president’s office. This is because the weather in the time of harvest was favourable as […]

Myanmar better off in good graces with the West

Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]

Shwetaung Chosen as Lead Developer for Ayarwon-Yadana Housing Project

The Construction Ministry has chosen Shwetaung Construction Company as the lead developer for the Ayarwon-Yadana Housing project, said Min Htein, director-general of Urban and Housing Development Department under the Construction Ministry. “The company has many years of experience,” he announced at a discussion on the proposed housing law held December 26 at the Myanmar Construction […]

Lack of policy direction leads to drop in investor confidence

Alarm bells are ringing after a substantial drop in investor confidence in Myanmar as a result of the lack of a clear economic policy and plan in the economy. According to the second Myanmar business confidence survey conducted by Roland Berger in partnership with Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) […]

Peace process is the way forward

The government will not back down from the peace process despite the hardships it faces getting all ethnic armed groups to the negotiating table, State Counsellor Daw Aung San Suu Kyi said Sunday at the second anniversary of the signing of the Nationwide Ceasefire Agreement (NCA). “It is the second anniversary of the signing. There […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]