National Prosperity Company under scrutiny on gold debt to gov’t

Negotiations are currently being carried out for NPC to make the payments. The company owes 5.5 tonnes of gold (over 3,400 viss) priced at a fixed rate to the government. NPC has an 8-year contract with the government to mine for gold in the resource-rich Moehti Moemi area, which spans over 6,000 acres of land. […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

Construction and Real Estate Sectors Pin 2017 Hopes on New Legislation

​​ The construction sector will be glad to see the back of 2016 – a year in which a political transition, a high-rise review and a volatile currency conspired to leave many developers battered and bitter. But there were also signs of a fragile recovery in the real estate market, and new laws set to […]

Government Plans Monthly Meetings to Respond to Business Leaders

​​ RANGOON — Government leaders are planning to meet monthly with the local business community to listen to current problems and find solutions, Vice President U Myint Swe and National Planning and Finance Minister U Kyaw Win pledged last week. The first monthly meeting received a positive response. The vice president and finance minister met […]

USDP MP Urges Increase in Private Security Sector Training

In its first proposal to the Yangon Region Hluttaw, the Union Solidarity and Development Party called on the government to bolster the private security sector with better oversight and regulations. The proposal, submitted by MP U Tin Win (USDP; Cocokyun), the former regional minister for security and border affairs, asked the government to enact a […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

Gangaw residents demand suspension bridge

About 200 residents of the town of Gangaw held a rally yesterday to demand the construction of a suspension bridge over the Myittha River to link their town to Zahaw Village. The rally was led by former MP Hla Swe, a member of the opposition Union Solidarity and Development Party. The suspension bridge project is […]

Old mindsets could impede Myanmar’s progress

Like most residents of Yangon, Hlaing Tint, a 37-year-old assistant lecturer, rides the bus daily. In this old capital of Myanmar, on the cusp of a new era, buses are usually crowded during rush hours, more so around the bus door. Yangonites love to stay close to the door for an easy exit, even though […]

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project. The regional administration has asked developers involved in the project to submitted detailed plans, while the NLD-dominated parliament has warned that it will be reviewed before it is […]

Canada announces $44M for democratic reform in Burma

Canada will provide $44 million to support democratic reform initiatives in Burma as the country transitions into its first civilian government in more than 50 years. Foreign Affairs Minister Stéphane Dion announced the funding via teleconference from Burma on Thursday morning, saying the money will go towards strengthening accountability through data analysis and better government management […]