Experts object to firms’ plans to mine sand in Tanintharyi Region

A local company plans to extract 5 million cubic metres of sand over five years in sensitive coastal areas in Tanintharyi Region without legally-required environmental assessments. Experts warn that the proposed sand mining will be highly damaging to a nearby pearl farm, biodiversity and fisheries and livelihoods of local communities. The issue highlights some of […]

Concern voiced over industrial pollution of Myanmar’s Hline River

Lab in-charge Dr. Aye Aye Win from Green Land Organization said that there was high content of iron in Hline River near Hlinetharyar and Shwepyithar industrial zones because of waste water released from these zones. “We found a high content of iron in the river water. And it is very muddy and contains a high […]

Yangon Lawmakers Call Local Govt’s Industrial Zone Projects ‘Unrealistic’

YANGON — Yangon lawmakers have criticized the industrial zone projects of the regional government as “unrealistic.” Lawmakers on Tuesday discussed the regional government’s plan to establish 11 new industrial zones on the city’s outskirts. It was announced by Yangon Region Chief Minister U Phyo Min Thein last month on the sidelines of the Yangon Investment […]

$97m FDI approved since April 1, as government targets $3b by October

One company among 18 investments greenlighted by the authorities last month will produce and sell automotives, U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA), said. The Myanmar Investment Commission (MIC) permitted eight foreign investments and 10 domestic investments on May 29. Among them, MIC-approved businesses include one […]

Govt. to upgrade four sub-power stations in Yangon

Ministry of Electricity and Energy signed an agreement with Japanese firm Mitsubishi Corporation on May 29 to upgrade and maintain Ahlon, Ywarma, Hlawkar and Thaketa sub-power stations in Yangon region within 33-months time, according to the ministry. Although the sub-power stations are currently fulfilling electricity needs for Yangon region, the ministry is constructing new sub-power […]

Korea-Myanmar Industrial Complex to be in Hlegu

YANGON- US$ 110 million worth Korea-Myanmar Industrial Complex(KMIC) project will be implemented in Nyaungnapin, Hlegu Township, Yangon Region. The approximately 555 acres wide project will begin near Nyaungnapin village, western part of about 5-mile away from the Yangon-Mandalay Expressway and it is a joint venture between Civilian and Housing Development Department under the Ministry of […]

Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]

Myanmar hires China Communications to survey bold new city

Myanmar’s plans to build a city twice the size of Singapore took a step forward this week with the signing of a framework agreement with China Communications Construction Company (CCCC) to conduct preconstruction surveys as a prelude to the $1.5bn first phase of the scheme. It may not be CCCC, a huge state-owned company, who […]

Local and foreign investments create over 110,000 jobs in 2017-18 FY

Local and foreign investments allowed by Myanmar Investment Commission (MIC) in 2017-18 FY will create over 110,000 job opportunities, according to Directorate of Investment and Companies Administration (DICA). A total of 93,197 domestic workers and 2,508 foreign workers will be employed in 222 foreign investments in this fiscal year. Over 21,500 domestic workers and 467 […]

Fishery exports break 20-year record, could double within two years

Myanmar exported over 560,000 tonnes of fishery products in 2017-18, the highest in 20 years, according to data provided by the Ministry of Agriculture, Livestock and Irrigation (MOALI). At those levels, the exports are worth $711 million. That could more than double to $2 billion-$3 billion within the next two years, if the right technology, […]