YANGON—The Myanmar government is planning to upgrade basic infrastructure and enhance urban management of three major cities in Mon and Karen states that lie along Japan’s planned East-West Economic Corridor for the Greater Mekong Subregion (GMS). Minister of Construction U Han Zaw said Monday that his ministry will take a leading role in developing the […]
Chinese Developer’s Grand Claims Spark Fresh Concern in Karen State
YANGON — A Chinese company behind an urban development project near the Thai border in Karen State says it is planning to build on a swath of land under the control of a local armed group many times the size it was granted by the government. The Myanmar Investment Commission (MIC) approved 25.5 acres of […]
Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict
YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]
In Burma, a Fine Line Between CSR and Karmic Cash
RANGOON — It was perhaps inevitable that Burma’s business sector would struggle with the idea of corporate social responsibility (CSR), operating in a country of high charitable giving and stark contrasts between its wealthiest and poorest citizens. At least in part, this stems from the reality that CSR, as a concept, has only caught on […]
Chinese firm claims Hpa-an locals support cement factory project
Myanmar Jidong Cement Company, a subsidiary of Chinese multinational giant Tangshan Jidong, one of the world’s largest manufacturers of cement, has countered claims that local communities in Karen State capital Hpa-an are opposed to their building a factory in the area, saying it has the support of the people, and that it intends building the […]