Yangon-Dalla bridge construction gets underway

The Yangon-Dalla river bridge project will be started in January 2018 and currently ground clearing work is underway, a Dalla constituency legislator of Yangon Region Assembly said. The bridge will connect Hponegyi Road on the Yangon side with the Bominyaung Road on the Dalla side. Yangon Region Legislative Assembly Dalla Constituency 2 legislator Tun Yin […]

Proposed port and highway to align Ayeyarwady with Belt and Road

Ayeyarwady may follow Kyaukphyu and Dawei to be the next region in Myanmar to embrace a deep-sea port together with other infrastructure projects, with a feasibility of the scheme currently under progress. U Ye Lin from Myanmar Construction and Development Public Co said that a feasibility study is being carried out jointly with South Korea-based […]

Residents stage protest against coal-fired power plant built in MCL Cement Plant

Malamyine residents have staged a protest against the coal-fired power plant at MCL Cement Plant in Kyaikmayaw, Mon State, which may also have been constructed without permission. Aung Kyaw Thu, Chairman of Finance, Planning and Economic Affairs Assessment and Scrutiny Committee of Mon State Parliament, said: “Our committee raised a question to the Ministry of […]

Parliament Rejects e-Lottery Bill

Pyidaungsu Hluttaw has rejected the government-proposed Aungbarlay Lottery Bill which hopes to introduce e-lottery and provisions that would allow private-government partnership in lottery operations. U Tun Tun Hein, member of Pyidaungsu Hluttaw Joint Bill Committee, told The Myanmar Times that as Aungbarlay Lottery Bill was sent back to the government. “Hluttaw cannot accept the fact […]

No plan for Coal-Fired Plant: Tanintharyi Chief Minister

Tanintharyi Region Chief Minister Le Le Maw insisted a coal-fired power plant project would not be launched during her tenure, as she outlined the regional government’s progress over the past year at a press conference yesterday. She said she had ditched the plan despite being pressured constantly by the Union government to go ahead with […]

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 […]

Why the visit of Myanmar’s military chief is important to New Delhi

The commander-in-chief of Myanmar defence forces, senior general Min Aung Hlaing, is currently on an eight-day tour of India. He is visiting numerous cities such as Gaya, Varanasi, Ahmedabad and Vishakhapatnam and will meet several military and civilian leaders. On 14 July in New Delhi, he is scheduled to meet Prime Minister Narendra Modi, defence […]

Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Regions Can Approve up to US$5m Investments

​​ The maximum amount of investments which can be approved by regional and state governments has been set to US$5 million (K6 billion). Region and state investment commissions will now be able to approve proposals without having to seek permission from Myanmar Investment Commission (MIC), according to an announcement from MIC chair U Kyaw Win […]

Myanmar Needs to Approve An Area Measured Assessment Request by Thai Government to Open Singkhon Gate

Myanmar needs to sign a request by Thai government to allow Myanmar visitors to visit Prachuap Khiri Khan province in order to open Singkhon gate as a permanent border gate, said an official from Thailand. The Singkhon gate now stands as a temporary border gate, and Myanmar is asking Thai authorities to upgrade it to […]