DVB and four other broadcasters sign with ministry for free-to-air content

State-owned Myanmar Radio and Television (MRTV) and five content providers including DVB Multimedia Group signed an agreement over the weekend to broadcast via digital free-to-air TV channels, in a landmark first for Burma’s media landscape. The five tender winners — DVB, Mizzima Media Group, Channel K, Fortune TV and My TV — were selected last […]

Myanmar Hopes to Double Electricity Capacity by 2021

YANGON: Myanmar is planning to double its electric power capacity by 2021 by building natural gas-fired power plants, two senior officials told Reuters on Wednesday, in an ambitious move to tackle chronic power shortages in the energy-starved country. With only one-third of the country’s 60 million people connected to the electrical grid and cities experiencing […]

Clothing Exports Set to Reach $3bn

Export earnings from cutting, making and packaging clothing manufacturing is expected to reach up to US$3 billion this year, said Soe Myint, the chair of the Myanmar Garment Entrepreneurs’ Association. “In the past, Japan was the biggest market but it has been overtaken by the European Union. Every month, four to six companies invest in the garment […]

Special Report: Investigation reveals gold mining destruction in Myanmar

A lengthy investigation published by Radio Free Asia is putting the spotlight on the disastrous effects of the poorly regulated gold mining industry in Myanmar. From unprecedented environmental destruction to the human toll of low-paying and hazardous jobs, RFA’s multimedia story delves deeply into the consequences of the country’s decision to open its mines to both multinational firms […]

No longer a backward nation’: Myanmar launches first stock exchange

The bourse is currently open only to domestic investors and firms, although there are plans to allow foreign involvement in the future. Myanmar launched its first stock exchange with just one listed company on Friday, with hopes the move could aid the country’s economic rise as it emerges from decades of isolationist military rule. The […]

German ambassador says investor sentiment, Myanmar relations could improve under new govt

German Ambassador Mr. Christian-Ludwig Weber-Lortsch talked to Mizzima Editor-in-Chief Soe Myint about the long history of German-Myanmar relations, the hurdles to investment, and the hopes for the incoming government. Mizzima: Today we had a new parliament dominated by the National League for Democracy. So how do you view the changes, or the reforms, that have […]

Despite capacity constraints, oil & gas industry still promising

Win Khaing, a member of National Energy Management Committee and chairman of United Engineering Co Ltd, said the industry itself brings a lot of opportunities for foreign investors to do business in the newly-opened nation. “Probable and possible uncontracted gas would amount to 4,000 MMCFD over 30 years. It definitely indicates the level of optimism […]

Mizzima Trio Plans Expanded Burma Coverage

An ex-hijacker, a business mogul and a Burma media veteran will team up to lead a revamped Mizzima, a formerly exile news outlet once based in India that has moved operations into Burma and plans to expand its news coverage, the company’s founder and editor-in-chief said on Thursday. Soe Myint, who in 1990 hijacked a […]

Myanmar’s media faces fresh challenges

It is a new dawn for media in Myanmar—censorship has been lifted; 10 daily newspapers are now being printed, with another 14 on the way; and, reporters are free to write what they please. But the rush to this liberalized market has brought with it a fresh batch of problems for journalists, editors and media […]