SMEs and businesses in the agriculture, construction sectors to receive financial assistance. Photo: The Myanmar Times A plan has been drawn up to provide billions of kyats to the agriculture and construction sectors as well as SMEs nationwide, Union Minister for Planning and Finance U Kyaw...
Read MoreA ship docks at Thilawa port. Photo: The Myanmar Times SPECIAL Economic Zones (SEZs) in Myanmar should encourage policy experimentation and focus on tech spillovers, an economist told The Myanmar Times. By early June, 95 percent of the land plots in Thilawa SEZ zone A had been sold...
Read MoreState Counsellor Daw Aung San Suu Kyi attends a summit at the Belt and Road Forum in Beijing in May, where she speaks at one of the sessions. Photo - EPA At the BRI summit in May, the State Counsellor stressed that BRI-led projects should complement...
Read MoreThe Republic of the Union of Myanmar and the World Bank today signed a US$200 million credit for a First Macroeconomic Stability and Fiscal Resilience Development Policy Operation. This is the first time Myanmar is receiving direct financial support to the Union Budget, aimed at accelerating...
Read MoreThe country’s new automated customs system has no more teething troubles and is up and running at Yangon port, but it is not yet implemented at border points, according to logistics and shipping companies. In addition, the current data entry process remains a significant challenge...
Read MoreTwo catamarans from Australia have arrived in Yangon for use in the Yangon Water Bus service and more vessels will be arriving in the coming days, a company statement said Wednesday. The ferry boats of Yangon Water Bus service are seen moored at a Yangon jetty...
Read MorePlans are underway to generate electricity from local power plants even though some neighboring countries – China, Thailand, Laos and India – have offered to sell their electricity to Myanmar, Deputy Permanent Secretary U Myint Soe of the Ministry of Electricity and Energy (MOEE) told The...
Read MoreIn 2017, Myanmar is projected to generate a maximum of 2,700 megawatts of electricity, up from around 2,500 MW in 2016, as the population expands and demand for power in the country continues to rise. Yangon, its largest city, is expected to generate almost half,...
Read MoreCelebrating 40 years of EU-ASEAN relations Development of international trade in goods in Euros between 2005 and 2015. Photo - Eurostat and ASEANstats The 28 member states of the European Union (EU28) recorded a trade deficit for goods with Association of Southeast Asian Nations (ASEAN), narrowing from...
Read MoreYangon will deploy a new K30 billion (US$22 million) 25-megawatt mobile generator to meet the city’s electricity demand during peak periods and emergencies. GE officials demonstrate the TM2500 to U Phyo Min Thein, Chief Minister of Yangon Region. Photo - Supplied The TM2500 generator (pictured below) by...
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