6 JUN 2018 One of the objectives of the Belt and Road Summit is to explore new economic opportunities under the Belt and Road Initiative. Photo - Supplied The newly-appointed chair of Myanmar Investment Commission (MIC) U Thaung Tun, who is also Union Minister at the Office of...
Read MoreOpportunities could be emerging in Myanmar’s offshore sector. Photo - EPA Opportunities to invest in Myanmar oil and gas are emerging on the back of a string of changes and restructuring efforts now taking place in the sector. The Ministry of Electricity and Energy (MOEE) is currently...
Read MoreJapanese chemical maker Toyo Ink Group SC Holdings Co has marked its first full foray into Myanmar with plans to develop a new production facility in Yangon’s Thilawa Special Economic Zone next month. The $6.5 million facility is expected to break ground in November and commercial...
Read MoreAs trade rises, Yangon’s existing ports are becoming constrained. Zarni Phyo/The Myanmar Times A proposal to construct a multi-purpose port in Kawhmu township, southwestern Yangon, was submitted to the Yangon Regional Parliament by U Zaw Aye Maung, Rakhine ethnic minister last week. “Yangon is the gateway to...
Read MoreEU ambassador Kristian Schmidt speaks to The Myanmar Times in an exclusive interview during the EU-Myanmar Economic Forum in the capital city. Photo: Thiri Lu/ The Myanmar Times The prospect of Myanmar’s tourism hinges upon the country’s political development, the European Union’s top envoy told The...
Read MoreAn investigation is being carried out of suspiciously high spending on polishing work in the parliament building, and a report will be released this month, said investigators. The investigation is looking at a K47 million (US$34,776) bill for the polishing of teak doors and frames conducted...
Read MorePhilippines Senator Loren Legarda (far left), SIIA chair Simon Tay (centre left), Singapore’s Minister for the Environment and Water Resources Masagos Zulkifli (centre right) and Indonesian Minister of National Development Planning Dr Bambang Brodjonegoro (far right) meet during the 5th Singapore Dialogue on Sustainable World...
Read MoreThe government’s investment target is US$3 billion foreign investment during this six-month transition. Photo - Shutterstock 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...
Read MoreU Win Khaing, minister of Electricity and Energy, warned that the country could face power shortages in three years if no new projects are commissioned soon. “As minister of Electricity and Energy, I can’t sit idly by and do nothing, knowing that the country’s gas will...
Read MoreA long exposure photograph shows a power outage in Yangon in 2015. Photo - EPA Myanmar has some of the lowest electricity rates in the world. However, connecting and supplying power to the millions of people who will drive Myanmar’s development is a huge endeavour, one that...
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