The Kayin State Border Guard Force and Jilin Yatai Group of China launched the Shwe Kokko new city project in Myawady township in the first week of August over the objections of local residents. The residents are worried that the project’s gambling houses and entertainment establishments could have a corrupting influence on young people, and […]
New city project by Chinese firm raises hackles in Kayin
Myanmar Suspends a Show Money Policy for Certain Visitors
A notice was released August 1, suspending the policy requiring that Japanese, Korean and Chinese tourists are to show $1,000 as a proof of funds. This change in policy came after the Ministry of Hotel, and Tourism faced opposition. Even coming from the tourism sector itself. The order was released on July 20, granting a […]
Border trade increases by $196 million
Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry. The total value of border trade, as of 25 May […]
Elite Petrochemical launches first private-sector LPG project in Myanmar
Elite Petrochemical Co launched its Liquefied Petroleum Gas (LPG) Terminal and Port Facility at the Thilawa Special Economic Zone on Saturday. The terminal is the first private sector-led LPG investment open for business in the country. The terminal was developed under a Build, Operate and Transfer (BOT) agreement across 49 acres of land in Thilawa […]
Infrastructure, safety standards needed for LPG industry to take off
The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]
JICA to fund new projects to replace old suspension bridges
The Japan International Cooperation Agency (JICA) will fund the construction of new bridges to replace ageing suspension bridges in some areas of the country, an official of the Japanese aid agency said. Among the new bridges that JICA will fund include the one that will replace the Gyaing suspension bridge in Kawkareik township of Kayin […]
Parliament approves to borrow US$80 M from ADB
Union Parliament approved to borrow US$80 million from Asian Development Bank (ADB) for towns along Greater Mekong Sub-region development project. Kyaw Tin, Deputy Minister for Construction said the project is to develop towns located along the East-West Economic Corridor in Greater Mekong Sub-region. The ministry chose Hpa-an and Myawady from Kayin State and Mawlamyaing from […]
Govt to use K2.8bn from emergency fund to supply electricity in Kayin
The government is planning to use K2.8 billion from the emergency fund to supply electricity in Kawkareik and nearby villages and Myawady, which is buying electricity from Thailand, said Deputy Minister Dr Tun Naing of Electricity and Energy during a parliament session on February 13. “The ministry is building a 230 KV power grid of […]
Regions and States Seek Permission to Operate Casinos
FIVE regional and state chief ministers have sought permission to operate casinos in hotels in their respective territories during a meeting with Vice President U Henry Van Thio in Nay Pyi Taw in last month, according to U Yan Win, chair of Myanmar Tourism Federation. The chief ministers from Mandalay, Tanintharyi, Shan, Kayin and Mon discussed […]
New China-Backed Industrial Zone Being Constructed in Ayeyarwady
The Myanmar Investment Commission (MIC) has approved the construction of a new industrial zone in Maubin township, Ayeyarwady region, said MIC secretary U Aung Naing Oo. The Maubin Industrial Zone is now being developed on 250 acres of land in Maubin. Construction of the zone commenced in May this year, although official MIC permission was […]