Electricity rate hike is good for economy

Businesses and the general public in Myanmar are divided on the recent bold policy move to hike electricity tariffs. But the big question is: how can the electricity reform contribute to the country’s development? On one hand, the business community seems to be accepting of higher tariff rates as that could lead to a more […]

US hikes investment ceiling for Myanmar reporting

The US intends to raise the minimum amount of investment that triggers reporting requirements for its firms in Myanmar, although there are doubts that the move would trigger much of an increase in investment. Senior US administration officials said on May 17 that as part of actions to help trade, investment and the new government, […]

Industrial zone’s chairman blames electricity, soaring dollar prices for labour protests

Electricity failures in industrial zones and a hike in the exchange rates against the US dollars are the main reasons for labour protests, Hlaingthayar Industrial Zone chairman Myat Thin Aung said on Tuesday. He made the comment at the anniversary meeting with entrepreneurs of Hlaingthayar Industrial Zone held at the industrial zone’s administrative office on […]