YANGON—The chief minister of Yangon Region on Tuesday promised villagers that he would assign two ministers to inspect a fertilizer factory whose closure has been demanded by local residents who say it exposes them to chemical pollutants. Residents of two villages in Yangon’s Twante Township have raised a stink about foul odors from the fertilizer […]
Govt Vows Action After Myanmar Villagers Demand Fertilizer Factory’s Closure Over Pollution
Army Shutters Myawaddy Checkpoint in Clampdown on Auto Smuggling
Two Border Guard Force (BGF) soldiers refused The Irrawaddy permission to approach a border crossing between Myawaddy and Mae Sot, Thailand on foot on Monday, saying the area was closed. The closure reportedly followed efforts by the army to clamp down on vehicle smuggling across the Thai border. According to Kyaw Than, an automobile trader […]
POSCO Daewoo launches agribusiness in Myanmar
POSCO Daewoo is launching an agribusiness venture in Myanmar as the company’s future growth engine. According to a POSCO Daewoo official, Sunday, Korea’s largest trading affiliate under POSCO group has secured construction and investment approval from the Myanmar government to build a rice processing complex (RPC) in Twante, the most accessible delta town from Yangon […]
Dollar Exchange Rate Climbs, Shakes Up Burma’s Business Community
RANGOON — The US dollar exchange rate—at its highest since the new government came to power in April—has Burma’s business community looking for better trade policy. “In the black market, the exchange rate is currently 1306 kyats [US$1] per dollar; it’s too high for importers. If the import demand increases, it could impact the prices […]