While Mogok is known for its mining of precious gems as its main industry, local elders are teaming up with relevant government departments to improve their travel industry in order to reduce damaging the natural environment. Restrictions for international travelers to Mogok were relaxed in September 2018 and nearby villages of Bernard, Panlin, and Kaukpyathat […]
Locals strive to develop other industries in bid to preserve Mogok’s natural resources
February 3, 2020 by
Myanmar to Host Forum to Lure Foreign Investment in Deep South
August 21, 2019 by
The Tanintharyi regional government is preparing to hold an investment forum to attract foreign investment to Myanmar’s southernmost region, which is rich in natural resources, particularly pearls and minerals, and home to many tourist destinations on the Andaman Sea coast and islands. The Tanintharyi Investment Forum is set to be held from Oct. 26-27 in […]
Can Myanmar’s economy fulfil its potential?
July 4, 2019 by
<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> With gross domestic product (GDP) growth consistently above 5 percent throughout this decade, and in double digits for much of the previous decade, Myanmar has been one of South East Asia’s fastest-growing economies for quite some time. What’s more, this newly liberalised nation is being touted to likely continue growing expeditiously well into […]
Invitation for Opening Tender, No.(2) Mining Enterprise, Deadline: 17.7.2019
June 21, 2019 by
The Republic of the Union of Myanmar Ministry of Natural Resources and Environmental Conservation No. (2) Mining Enterprise, Ministry of Natural Resources and Environmental Conservation invites to submit the tender quotation for the following materials. Sr. No. Materials Classifies Weight (MT) Location Tender Closing Date / Time Remark 1 Tin and Wolfram Mixed Concentrate 65.806 […]
Inle Lake Hotel Proposal Denied
June 18, 2019 by
In response to opposition from locals, the President’s Office has agreed not to proceed with an Inle Lake hotel project proposed by the son of former dictator Than Shwe. Last September, the President’s Office received a petition signed by more than 4,000 lakeside residents opposing plans by the Myanmar Naing Group, owned by U Tun […]
Australian Firm Seeks to Reassure Locals on Gas Drilling off Rakhine
April 9, 2019 by
YANGON—Australian energy giant Woodside is stepping into war-torn Rakhine State with a plan to begin drilling in two oil-and-gas blocks in the Bay of Bengal. This week the company sought to reassure residents in southern Rakhine State’s Kyaukphyu that there was a need for the projects, citing the potential economic benefits and pledging to minimize […]
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 […]
IFC report recommends alternatives to high-risk Myitsone
January 3, 2019 by
A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]
Suu Kyi stresses trade relations and investment on Nepal visit
December 4, 2018 by
During a visit to the Nepal Chamber Expo-2018 in Kathmandu, Myanmar State Counsellor Aung San Suu Kyi stressed the importance of trade between the two countries and talked about the opportunity of investing and doing business in Myanmar. The Myanmar State Counsellor is on a three-day official visit to Nepal. It is the first in […]
