Monday, May 30, 2016
The Myanmar Times
The Myanmar Times

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 »

Tired of blackouts, factory owners to build power station

Factory owners tired of electricity cuts say they will build their own power station in Yangon’s Hlaing Tharyar industrial zone. Owners say they will cover the construction cost if the government agrees to sell them the gas needed to power the plant.

Continue reading »

Singapore bakery heads to Myanmar

Bakeries will soon be on the rise in Myanmar, as real estate giant Shwe Taung Group has signed a deal to set up and run local outposts of Singapore’s BreadTalk chain.

Continue reading »

State and international banks join foreign exchange committee

A new foreign exchange committee will bring state, domestic and international banks together for the first time to work toward creating a vibrant interbank market.

Continue reading »