Land plot leases at Korea-Myanmar Industrial Complex to start in January

Applications for land plots at the Korea-Myanmar Industrial Complex (KMIC) in Yangon will commence on January 20, 2021. The industrial zone is located in Hlegu Township in Yangon Region and has a total area of over 500 acres. KMIC is a joint project between the Myanmar government and state-owned Korea Land and Housing Corporation (LH), […]

Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]

India mulls oil pipeline to Myanmar

KOLKATA ( – Pushing ahead with its ‘oil and energy diplomacy’ in neighbouring countries, India is considering building an oil pipeline to connect refineries in its north-eastern provinces to consumer centers in Myanmar. According to senior government officials in the Petroleum and Natural Gas Ministry, several Indian oil refiner-marketers have already started marketing petroleum products […]

Mae Sot SEZ to give fillip to Myanmar border trade

Thailand’s border trade with Myanmar is expected to flourish over the next couple of years, driven mainly by the planned development of a special economic zone (SEZ) in Tak’s Mae Sot district. Isara Vongkusolkit, chairman of the Thai Chamber of Commerce (TCC), said this year alone the cross-border trade between the two countries was expected […]