A second stock exchange, or pre-listing board, will be set up for the purpose of trading shares in public companies that have yet to list on the Yangon Stock Exchange (YSX), said U Maung Maung Win, who is Deputy Minister for Planning, Finance, and Industry as well as Chair of the Securities and Exchange Commission […]
The business of plastic waste
January 21, 2020 by
Plastic products are both a convenience and a curse but some innovative businesses in Yangon are striving to reduce their impact on the environment. FROM THE packaging of food to the outfitting of cars, plastic is essential to modern life. Its use accelerated rapidly after World War One, though the first man-made plastic material, Parkesine, […]
Myanmar MPs Vote to Regulate, Tax Chinese-Backed Banana Trade
December 18, 2019 by
NAYPYITAW – The Upper House of Myanmar’s Parliament on Monday approved a proposal to regulate China-backed banana plantations and levy a tax on the industry. Earlier this month, parliamentarian Dr. Khun Win Thaung of Kachin State submitted the proposal to the Upper House, saying tissue-culture banana plantations operated by Chinese companies are threatening the community’s […]
Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech
December 9, 2019 by
YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]
UK shifts trade policy on Myanmar to open markets further
September 4, 2019 by
Britain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the […]
Myanmar issues climate change policies as World Bank sounds environment alarm
June 27, 2019 by
IN RESPONSE to emerging environmental issues caused by heavy reliance on natural resources, Myanmar has come up with new policies on national environment and climate change as well as a master plan, Kyaw Zaw, deputy permanent secretary at the natural and environmental conservation ministry, said. The official told The Nation on Tuesday that Myanmar’s efforts […]
Magwe Region to refine crude oil into gasoline
June 17, 2019 by
Magwe Region will soon be refining crude oil produced from its hand-dug wells into gasoline, with certain details such as water allocation to be settled before refining can commence. Magwe’s Minister of Natural Resources, Environment, Electricity and Energy U MyintZaw said arrangements were being made, including giving permission to three companies – Power 95, Myanma […]
Myanmar to build LNG power stations to meet energy requirements in 2022
April 4, 2019 by
Myanmar is planning to start three liquefied natural gas (LNG) power projects and a combined cycle power project to meet energy requirements in 2022, said Union Minister Win Khaing of Electricity and Energy. “The ministry provided electricity to 30 per cent of households recent years and the supply will be up to 50 per cent […]
Kachin Gov’t Set to Reject Mongolian Mining Proposal
March 25, 2019 by
YANGON—The Kachin State government has decided to shelve a Mongolian company’s proposal to conduct a feasibility study on the extraction of gold and other minerals in Myanmar’s largest national conservation area, a sanctuary nearly triple the size of Singapore in Kachin’s northernmost township, due to serious environmental concerns. The project was proposed by Inner Mongolia […]
