Economists and business owners, while acknowledging and applauding the measures put into achieving peace and stability, say the National League for Democracy-led government has largely ignored the economy during its first year in power. Some experts and entrepreneurs told The Myanmar Times that the government needs to focus on ways and means of stimulating economic growth and […]
Ministry Reportedly Invited Electricity Tender Without Budget Approval
March 7, 2017 by
Subscribe to our tender alert mailing list RANGOON — Rangoon residents’ hope for 24-hr access to electricity is fading after the Ministry of Electricity and Energy said that it had no budget for two private electricity suppliers, which last year won a tender to provide electricity for the commercial capital. In 2015, the previous government […]
More effort needed to tackle idle industrial land
July 1, 2016 by
A month after the first site visits to inspect idle industrial plots in Yangon, officials are warning there will be no progress in freeing up unused land without a special committee that has the power and resolve to revoke the leases of absentee owners. Yangon Region government announced in late May that it was turning […]
Industrial Material Imports Down
December 29, 2015 by
Industrial raw materials import for this fiscal year are about $650 million less than the same period last year, according to Ministry of Commerce figures. Industrial raw material imports decreased in both government and private sectors, the data show. As of last month, industrial raw materials imports for this fiscal year have decreased by $164 […]
Trade volumes climb on import growth
August 14, 2015 by
Myanmar’s bilateral trade this financial year until end-July is worth over US$500 million more than over the same period last year, according to figures compiled by the Ministry of Commerce. Trade so far this financial year is worth a total of $8.951 billion, up from $8.437 billion in the first four months of the last […]
Dawei Special Economic Zone Gets Rolling
August 14, 2015 by
The government, through the Dawei Special Economic Zone (SEZ) Management Committee, and a consortium of private developers have signed a concession agreement to develop the initial phase of the long-delayed Dawei SEZ. The consortium of private developers includes Italian-Thai Development (ITD) Public Co Ltd, Rojana Industrial Park Public Co Ltd and LNG Plus International Co […]
MIC plans to delegate investment powers
July 13, 2015 by
“We are considering delegating power to the state and regional governments, and allowing them to approve certain projects, though the details are not yet fixed,” he said. “We want to do this for two reasons – one is to delegate power from the MIC to the state and regional governments, and the second is that […]
