Peter Beynon, country chair of Jardine Matheson and chair of British Chamber of Commerce Myanmar, speaks to The Myanmar Times in March 2017. Photo: Aung Khant THE government should update the business community with the latest economic activities and manage the expectations, according to domestic and...
Read MoreThe government aims to cut electricity use in Yangon Region with the distribution of liquefied petroleum gas (LPG) to 150,000 households in December, a senior energy official said on Thursday. The move was also aimed at reducing the using of wood for cooking in order to conserve...
Read MoreAn airplane arrives at an airport in Myanmar. The Hantharwaddy Airport is the government’s latest priority in the aviation sector. Photo: The Myanmar Times THE planned Hantharwaddy International Airport is the only priority in the area of aviation under the National League for Democracy-led government, said...
Read MoreThe Longford Gas Conditioning Plant near Longford, south-eastern Victoria, Australia. Myanmar is expecting to complete three gas plants next year. Photo: EPA Three new natural gas-fired power plants with the capacity to generate more than 450 megawatts of power are expected to go live before the...
Read MoreLife by the Inle Lake in Taunggyi District, Shan State. Aung Khant/The Myanmar Times Electricity will be installed at a total of 416 villages in the Taunggyi, Loilen and Langhko districts in Southern Shan State between 2018 and 2022 according to the Ministry of Electricity and...
Read MoreA tanker pass through the Polish coast carrying LNG. Experts suggest LNG can be used to fill Myanmar’s power shortage. Photo: EPA Insufficient electricity is one of the major problems Myanmar faces when it comes to attracting investment. As the economy expands, demand for power is...
Read MoreU Win Aung speaks at the MTSH annual general meeting in 2016. Aung Khant/The Myanmar Times Yangon-Listed firm Myanmar Thilawa SEZ Holding Ltd (MTSH) may invest in Kyaukphyu SEZ, according to MTSH chair U Win Aung. The fourth annual meeting of the MTSH, a Yangon Stock Exchange-listed (YSX-listed)...
Read MoreBusinesses positive on Myanmar’s economic prospects ahead of the new Companies Act. Photo: The Myanmar Times Prospects for the Myanmar economy are looking promising despite the unrest in northern Rakhine, officials from the public and private sector said today. Inflation pressures are expected to ease and private...
Read MoreUnder the new Condominium Rule, foreign nationals will be able to take stakes of up to 25pc in local condominium properties. Photo: EPA Regulations to the 2016 Condominium Law, which will be enacted soon, will allow foreign nationals to take a maximum stake of 25 percent...
Read MoreChina-Myanmar gas power plant to be completed on schedule in 2018 A gas-fired power plant in south-eastern Victoria, Australia. At least two similar plants are currently being built in Myanmar. Photo: EPA A combined-cycle gas power plant in Thaketa Township will begin operations as scheduled in the...
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