Myanmar Govt Targets Mines Over Undelivered Gold Payments

Naypyitaw – The government will file lawsuits against 138 mining companies which allegedly failed to deliver gold to the Ministry of Natural Resources and Environmental Conservation, according to government spokesman U Zaw Htay. “We are planning to file lawsuits against 138 companies and have sent notices to 104 firms,” said U Zaw Htay. The Irrawaddy […]

Education Ministry Suspends Construction of 6,000 New Schools

NAYPYITAW — The Education Ministry has suspended its project to construct about 6,000 educational facilities including basic education schools across the country due to budget constraints. The government had already granted a budget for the project but since new President U Win Myint increased the pay for civil servants in April, the Education Ministry no […]

Finance Minister Admits Economy is Underperforming

NAYPYITAW — Planning and Finance Minister U Kyaw Win has admitted that Myanmar’s economy has not improved as well as expected, six months after he compared the country’s economy to a jet plane about to take off. “There are suggestions that the country’s economy has not picked up as we expected. Considering the current situation, we […]