Thursday, May 26, 2016
The Myanmar Times
The Myanmar Times

Economic hurdles ahead despite growth

Myanmar's economic outlook is good, Finance Minister U Kyaw Win told a meeting of Asian Development Bank governors in Frankfurt last week, despite cautions from economic experts that the country still faces an array of challenges.

Continue reading »

Petrol station owners told to slash prices

After two years of falling oil prices on the world market, it’s time fuel prices in Myanmar followed suit, the government’s top fuel official has told petrol-station owners.

Continue reading »

The truth behind the blackouts

Talk about electricity blackouts has dominated conversation over the past few weeks as people across the country brave the sweltering heat to meet by candlelight or to shout over the hum of smoke-belching generators.

Continue reading »

ASEAN research office to support Myanmar statistics

Myanmar will soon have another source of support in its efforts to better track economic data and foreign direct investment, when an ASEAN+3 research arm starts a new technical assistance program later this year.

Continue reading »

China’s rise takes centre stage at ADB annual meeting

China's growing economic influence through the One Belt, One Road initiative and the newly operational Asian Infrastructure Investment Bank were key topics of discussion at the Asian Development Bank’s annual conference in Frankfurt this week.

Continue reading »

One-year logging ban proposed

A temporary ban on logging has been proposed to the government and is likely to be approved, according to Myanma Timber Enterprise managing director U Saw John Shwe Ba, though restrictions are not yet in place, as has been widely reported.

Continue reading »

Ceramics factory in Yangon creek dispute

Waminn Group of Companies has settled a dispute with Yangon residents and local politicians after fears were raised that it had blocked a nearby creek with earth.

Continue reading »

Thousands of car imports approved

A new government-led supervisory committee has released around 14,000 cars that had been held at Myanmar’s borders after an informal ban on vehicle imports was imposed last December.

Continue reading »

Developers call on banks as Condo Law fails to boost market

The long-awaited Condominium Law passed in the closing days of the last parliament has failed to stimulate the housing market as expected, say industry insiders.

Continue reading »

Inland Water Transport faces uncertain future

The loss-making Inland Water Transport department has cut its services by over 70 percent and risks closure within months, as road and air travel becomes more popular while climate change reduces rainfall, altering the course of rivers and forcing many of the country’s waterways out of use.

Continue reading »