Naypyitaw – The government will file lawsuits against 138 mining companies which allegedly failed to deliver gold to the Ministry of Natural Resources and Environmental Conservation, according to government spokesman U Zaw Htay. “We are planning to file lawsuits against 138 companies and have sent notices to 104 firms,” said U Zaw Htay. The Irrawaddy […]
Myanmar State Firm Signs Deal to Buy Electricity From Strategic Chinese Project in Rakhine
YANGON—A Myanmar state-owned enterprise has inked a power purchase agreement with a Myanmar-China joint venture company that is developing a 135-megawatt (MW) power plant project in Kyaukphyu, in western Myanmar’s Rakhine State. The plant is one of the strategic projects that make up the Myanmar section of Beijing’s grand infrastructure plan, the Belt and Road […]
Fugitive Myanmar Gold Mining Executive Arrested in Thailand
YANGON—National Prosperity Company (NPC) chair U Soe Tun Shein was arrested in Thailand and extradited to Myanmar on Wednesday after more than a year on the run. The Ministry of Natural Resources and Environmental Conservation (MONREC) found in 2018 that NPC had failed to comply with an order, issued the previous year, to suspend its […]
Yangon Orders Closure of Unlicensed Luxury Spa in Myanmar’s Historic Secretariat
YANGON—A newly-opened deluxe spa at Yangon’s Secretariat will have to be closed because it has no operating license, according to the Yangon City Development Committee (YCDC). “We have not officially issued a business license to the spa at the Secretariat. As it is operating without a license, it has to be closed,” U Than, the […]
Myanmar opens visa-on-arrival door
YANGON, 31 July 2018: Myanmar confirmed late last week it would ease visa procedures for three nationalities 1 October. Tourism officials quoted government sources saying tourists from Japan, South Korea and China would be granted a visa-on-arrival for up to 28 days. Details were sketchy with none of the official websites for the Hotels and […]
New Chair of Kyaukphyu SEZ Wary of Chinese Loans
YANGON — Myanmar will endeavor to take on no loans from China to complete the Kyaukphyu Special Economic Zone (SEZ) but would offer the developer no sovereign guarantees to mitigate risk if it does, said the project’s new chairman, seeking to allay fears of a debt trap. Sean Turnell, an economic adviser to State Counselor […]