Myanmar’s professed commitment to competition reform has come under fire after the government packed the new Competition Commission with bureaucrats serving under a minister. Six out of the 11-member body, including the chair, are government officials, while only one identifies as an economist. Appointing Commerce Minister U Than Myint as Commission chair is “questionable” since […]
New Competition Commission already under fire
MoU for Dala Industrial Development Project Signed
The Yangon regional government and South Korea-based Myanmar Company Wooree signed a memorandum of understanding for the Dala Industrial Development Project on Saturday, a project to be implemented on the west bank of Yangon River near the ongoing Yangon-Dala bridge project in one of Yangon’s undeveloped townships according to the Yangon regional government. The Yangon […]
Myanmar to trim Kyaukphyu cost but drops Annan’s strategic review suggestion
Nay Pyi Taw’s plan to reduce the cost of Kyaukpyu Special Economic Zone, including the proposed deep-sea port, will help cap its external debt load and avoid repeating Sri Lanka’s Hambantota’s precedent, according to London-headquartered research firm BMI Research. At the same time, a government committee has dropped any mentioning of commissioning a Strategic Environmental […]
Clashing with the law, SEZ body to resurrect Dawei megaproject
Myanmar’s SEZ working body announced that the long-suspended Dawei SEZ project will be resurrected this October, in a move which is set to clash with the Environmental Conservation Law because there is no known site-wide environment assessment conducted or approved. U Than Myint, chair of the SEZ Central Working Body, said during a meeting with […]
Construction of Dawei SEZ back on the cards
The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region. The Dawei SEZ includes construction of the highway as well as a deep-sea port which will link Thailand, Cambodia and Vietnam in the ASEAN region to India, the […]
Over 1900 Unresolved Land Cases inYangon
There are more than a thousand unresolved cases of land seizure in Yangon so far under the NLD government, according to the committee appointed to oversee disputes involving such seizures. U Than Myint, secretary of the committee said, “All 1905 land seizure cases in Yangon are not yet resolved under the NLD government. “About 59 cases have reached the […]
China-Myanmar Border Economic Cooperation Zone Location Speculated
Zhou Rong, a senior research fellow at the Chongyang Institute for Financial Studies at Renmin University of China in Bejing, told the Chinese state-run Global Times that the China-Myanmar Border Economic Cooperation Zone was likely to be established at the border between Yunnan province and Kachin State. On May 17, the Communist Party-run newspaper quoted […]
China and Myanmar to Set up Border Economic Cooperation Zone
A JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and China, according to Minister for Commerce U Than […]
Myanmar to Discuss Rice Exports With Sri Lanka
Sri Lanka has expressed interest in a formal arrangement to import 50,000 tonnes of rice from Myanmar, according to Ministry of Commerce assistant secretary U Khin Maung Lwin. The Sri Lankan ambassador to Myanmar, KWND Karunaratne, made the offer on January 23 during a visit to the Union Minister for Commerce U Than Myint, […]
Trade Deficit Narrows as Imports Slump and Exports Rise $500m
The overall value of trade between Myanmar and foreign countries fell by more than $330 million between April 1st and December 30th last year compared to the same period the year before, with a decline in imports offsetting a $509 million rise in exports. Ministry of Commerce figures show exports reached $8.2 billion, up […]