Government reveals plans to build first modern oil refinery in Myanmar

State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line […]

Myanmar cooks up LPG expansion plan

A PUSH to get more households to cook with liquefied petroleum gas (LPG) forms a key plank of a plan by the Myanmar government to ramp up the use of the fuel and devote more of the country’s electricity supply to targeted sectors. Zaw Aung, director general of the Oil and Gas Planning Department, said […]

New bridge to resolve Thilawa’s transport nightmare

INVESTORS in Thilawa Special Economic Zone (SEZ) and Thanlyin residents now see the light at the end of the long tunnel, as a new bridge connecting the area with Yangon is scheduled to complete within four years. The new Bago River bridge, expected to become operational in 2021, will be built next to the existing […]

Government strengthens aim of distributing LPG to a million households by 2020

The Ministry of Electricity and Energy (MOEE) is aiming to supply liquefied petroleum gas (LPG) to one million households by 2020, U Win Khine, Minister of the MOEE said at a meeting with companies involved in the import, storage, distribution and marketing of LPG last week. LPG can replace the use of electricity as a […]

Hlaingthayar, Thanlyin Hospitals to upgrade to teaching hospitals

YANGON- With the aim to nurture qualified postgraduate doctors and house surgeons, the government will upgrade Hlaingthayar and Thanlyin general hospitals as teaching hospitals, according to the Ministry of Health and Sports. The hospitals, located in Yangon’s outskirts, are known for treating many injuries caused by traffic-accidents. The two hospitals are being expanded, with new […]

Yoma Strategic posts strong Q3 results, shares dip

Yoma Strategic Holdings, which does business in Yangon but is listed in Singapore, on Tuesday released its financial statements for the nine months ended December 31, 2017. The company drew revenues amounting to S$82.9 million for the period, which is up 24.3 percent over the same period last year. Owing to the disposal of its […]

Garment Industry Must Raise Value Proposition to Stay Sustainable

2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]

New SEZ at Dala Township on the Cards

A new Special Economic Zone (SEZ) will be established at Dala township in the Yangon Region after completion of the Yangon-Dala Bridge, said Yangon Chief Minister U Phyo Min Thein at the Challenges for Business Enterprises in 2018 public talk at the Union of Myanmar Federation of Chambers of Commerce and Industry headquarters on Sunday. […]

New Industrial Zones Planned at 11 Townships in Yangon Region

The Yangon Region Government is planning to construct new industrial zones in 11 townships outside the Yangon, according to U Nay Win, representative of Pyithu Hluttaw in Thongwa township of Yangon region. U Phyo Min Thein, Chief Minister of the Yangon Region Government met representatives of parliament and the departments of relevant ministries to discuss […]

Yangon allocates additional K47 billion budget

The Yangon Regional government allocated K47 billion supplementary budget for fiscal year 2017-2018 to fund several road construction and rehabilitation projects, the regional minister of planning and finance said. U Myint Thanung, regional minister of planning and finance, said the additional budget was necessary since the original estimated regional budget of K424.2 billion was already […]