Yangon government plans to buy, store fuel in attempt to control prices

As domestic fuel prices are expected to rise faster than global prices, the government will hedge against price volatility by buying and storing petrol onshore as demand rises during the coming fiscal year, said Yangon Chief Minister U Phyo Min Thein. Fuel, gasoline and diesel are vital for facilitating the flow of trade in Myanmar. […]

Gov’t plans three hydropower projects in Sagaing region

The regional government is planning to develop three hydropower projects in Homalin, Kani and Nanyon townships in Sagaing region under the guidance of State Counsellor Aung San Suu Kyi, said Than Nyunt Win, regional minister for electricity, industry and transport. The company that won a tender to conduct an assessment of the potential for electricity […]

Despite Over 30,000 Registered at YRTA, Many Have Yet to Sign Up

​​ Over 30,000 vehicles have been registered as city taxis at the Yangon Region Transport Authority (YRTA) up to January 2 but thousands are expected to remain outside the list. The YRTA announced in November 2017 that all taxis must register by the end of December as the last date. In total, 7,880 taxis were registered […]

India-Myanmar-Thailand Car Rally completes First Leg

The second India-Myanmar-Thailand Motor Rally completed its first leg from Guwahati to Bangkok on December 3 and is now on its return journey, an official statement said on Tuesday. According to the Ministry of Road, Transport and Highways (MoRTH), the rally was flagged off from Guwahati on November 25 with 50 participants, including five women, […]

Vessels Plying Rivers and Streams in Yangon to be Inspected

Yangon region government is planning to monitor and inspect all vessels running in rivers and streams in the region as quickly as possible, said Nilar Kyaw, regional minister for electricity, industry and transport during a parliament session held on November 20. She replied to a question raised by MP Thein Swe of No.2 Seikkyi Kanaungto […]

PM Modi to Indian diaspora in Myanmar: ‘We aren’t merely reforming India, but transforming India’

Prime Minister Narendra Modi, who is on a three-day bilateral visit to Myanmar, justified decisions like demonetisation and Goods and Services Tax (GST) terming them as ‘tough’ while addressing the Indian diaspora in Yangon on Wednesday. “We never shy away from taking big and tough actions for the benefit of India because we consider the […]

Transport and energy access barriers to Myeik industrialisation

The city in Tanintharyi Region amounts to far more than the gateway to over 800 islands of the archipelago. Access to energy and transport infrastructure remain the biggest barrier for industrialisation to take off in the city and its hinterland. The latest Colliers International report stated that Myeik has made great strides over the past […]

FDI could exceed MIC’s target in 2017-18, but still lower than previous years’

Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]

Twelve enterprises recently permitted by MIC

The Myanmar Investment Commission (MIC) permitted 12 enterprises which are in line with investment regulations and laws in the current fiscal year 2017-2018, according to a recent meeting of MIC. A total of 4,343 job opportunities are created from those permitted enterprises. They consist of two Myanmar citizen enterprises, two foreign enterprises and eight joint […]

Upgrade Underway to Improve Power in Yangon

The government is upgrading electricity generation, transmission and distribution in Yangon Region, Daw Nilar Kyaw, minister of Electricity, Industry, Transport and Communication, told a news conference to mark the first anniversary of the government. She said that during fiscal 2016-17, the Yangon Electricity Supply Corporation (YESC) installed new cables in a pilot project in Hlaing, Dala, Tarmwe and Hlaing […]