Chainsaws Imperil an Old-Growth Mangrove Stronghold in Southern Myanmar

TANINTHARYI, Myanmar — When viewed from the bow of a boat, the shoreline near the city of Myeik in southern Myanmar is all green. In every direction, low-slung mangroves blanket the horizon, their trunks submerged under several feet of water at high tide. The trees anchor a sprawling landscape that supports village life and a […]

Businesses Are Still Investing Billions in Refugee Crisis-Hit Myanmar

As the U.S. and Europe grow increasingly outraged over the Rohingya refugee crisis in Myanmar, Asian businesses are continuing to invest. Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned $3 billion coal-fired power plant in Kayin state bordering Thailand. […]

Mandalay taps British expertise for higher education

MANDALAY, Myanmar’s second largest city, is expected to become the country’s northern economic hub over the next two years. Yet, skills and talent in the city still lags behind Yangon and many cities in ASEAN. The brain drain and skills shortage are dragging its economic growth. But Ko Ye Tun Min, founder of the Mandalay […]

Major Dutch timber company found guilty of dealing in illegal teak

Dutch company Boogaerdt Hout has been found guilty of violating the European Union Timber Regulation (EUTR) for placing illegal Burmese teak on the market. The company has two months in which to clear its supply chain of illegal wood. An investigation has revealed a major Dutch timber company placed illegally sourced teak from Myanmar on […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

The Replanting of Mangrove Trees Along Myanmar’s Irrawaddy River is Set to Receive a Boost Next month with The Help of Drones Developed by UK firm BioCarbon Engineering.

The drones are ten times faster at planting trees than humans are, and due to this efficiency, can cut costs in half. The aim is to restore degraded mangroves, which, due to excessive wood cutting for fuel, agricultural expansion and the construction of fish and shrimp ponds, are disappearing three times faster than rainforests. Only 16 per cent […]

ODI Urges Myanmar to Raise Chinese FDI in Garment Units

Myanmar should take steps to raise foreign direct investment (FDI) from China in labour-intensive sectors, such as garments, to boost the country’s economic transformation, according to a briefing paper published by UK-based think tank Overseas Development Institute (ODI). Given its economic size and proximity, China should be the preferred partner, it says. The briefing paper by […]

Invitation for Bids (IFB) for Supply of Core Banking System for Myanmar Economic Bank. Prebid Meeting 31 May 2017.

Subscribe to our tender alert mailing list   Modernization of Public Finance Management Credit No. 54020-MM/Grant No. TF017910 IFB No: MPFMp-ICB-IS2S-C2-IS218 IFB Title: Supply, Implementation and Support of a CORE Banking System (CBS) and related linkages for Myanma Economic Bank. 1. The Government of the Republic of the Union of Myanmar has received financing in […]

Yangon University is modelled on Oxford, but there are no dreaming spires

Walking around Yangon, though there are the affluent areas and fast food restaurants that exist in nearly all big cities, these areas are few and far between. Poverty pervades in this former capital city to a greater extent than in many of its Southeast Asian counterparts. The military regime, though removed in 2013, has had […]