Myanmar Times
New marine breeding zones in Twante, Yangon to accelerate GDP growth
A plan to boost the fisheries sector will be drawn and implemented after the current monsoon period to accelerate GDP growth in Myanmar, Yangon Region Chief Minister U Phyo Min Thein said. The plan will be implemented in the Twante and Yangon areas, he said ...
Ministry to lift ban on livestock export
The government has signalled its latest measure to boost the country’s agriculture and husbandry industries by offering loans to farms and lifting the ban on livestock export, according to the Ministry of Planning and Finance. At a meeting with Vice President U Myint Swe and businessmen ...
Deep-sea port needed for delta region to boost logistics
Developing a deep-sea port at the delta region, reforming the customs valuation process and increasing customs’ operating hours are policy recommendations endorsed by an advocacy group. The recommendations are published in the position paper released by the European Chamber of Commerce Myanmar (EuroCham) in June as ...
Sugar traders ordered to balance inventory amid glut
Banned sugar re-exporters must balance their inventories by month-end, according to a letter from the Directorate of Trade, one sugar trader told The Myanmar Times. The order comes amid an oversupply of sugar in Myanmar and collapse in the price of sugar bound for China, from ...
Over 130 schools closed in flooded Magwe
About 130 schools have been closed and over 30,000 victims have been relocated in Magwe Region due to rising water level of the Ayeyarwady and Chindwin rivers.Magwe Region Social Welfare, Relief and Resettlement Department head U Myint Soe told The Myanmar Times, “The schools are ...
Singapore’s MOSB to become first foreign oil and gas supply base in Myanmar
Myanmar Offshore Supply Base (MOSB), a Singapore company, on July 11 received the green light from the Myanmar Investment Commission (MIC) to construct an oil and gas supply base in Mon State. It will be the first foreign-run oil and gas supply base in Myanmar. ...
Myanmar should renegotiate expensive loans from China
Myanmar must renegotiate the terms to its existing loans from China, as these loans have saddled the country with the burden of repaying the loans at high interest rates, economists say. Of the US$600 million in foreign debt repayments due from Myanmar this year, interest payments, ...
Lack of accountability and clarity in SEZ Law highlighted in Dawei
An inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted.Read more ...
EU donates K2.3 billion to ‘Mora’ victims in Rakhine
The European Union (EU) has donated K2.3 billion (US$1.68 million) to help tens of thousands of victims of tropical cyclone ‘Mora’ in the northern part of Rakhine State, the union said in a statement. The cyclone damaged nearly 50,000 structures in Myanmar, including more than 21,000 ...
Universal basic income could work in SE Asia, but only if it goes to women
The universal basic income debate has been raging for some years, with politicians and people hotly divided over the notion of their government paying every citizen a set amount of money on a regular basis, without requiring work to be completed. The idea of everybody, including ...
