As this issue goes to print, the new coronavirus has infected over 126,000 people in 124 countries around the world, with death toll topping 4,600 and more than 68,000 people now recovered. Myanmar has had no reported cases, but experts worry that there could be people who are infected...
Written by Ei Thandar and Tin Maung Oo Food, clothing, and shelter are the basic necessities that humans need access to. Helping people meet their need for shelter is one of the mandates of the Construction, Housing, and Infrastructure Development Bank (CHID). We recently sat down with the bank’s chief...
Perhaps nowhere are the dangers and opportunities of trash as clear as in the back alleys of Yangon and the Ayeyarwady River, where the rampant practice of open dumping and the problematic waste management in Myanmar are on daily display. By overthrowing the traditional linear model of truck and tip...
by Ei Thandar Tun An 8.7-km, four-lane road connecting Thanlyin Township outside Yangon with Thilawa Special Economic Zone was inaugurated last week. The road, built using $43 million ODA loan from Japan, is designed to help streamline the flow of goods from Thilawa Special Economic Zone, which has round-the-clock transport needs. “Thanlyin...
by Tin Mg Oo A new industrial zone law designed to encourage factories and workshops to relocate to strategic industrial zones is due soon, U Soe Win, Union Minister of Planning, Finance and Industry told a monthly meeting between the vice president and local business leaders. “We have arranged all prerequisites...
by Zin Thu Tun The government will consider increasing the number of state lottery prizes to award those whose numbers match the K1.5 billion winning ticket even if the alphabets do not match, said U Maung Maung Win, Deputy Minister of Planning, Finance and Industry. The minister was responding to a...
by Tin Mg Oo To assist the development of local small and medium-sized enterprises, JICA has provided over K101 billion through its two-step loan program while Myanma Economic Bank is prepared to lend up to K250 billion, according to remarks by U Maung Maung Win, Deputy Minister of Planning, Finance...
by Zin Thu Tun Mandalay residents will soon be able to use Mandalay Smart Pay mobile wallet and online payment app to pay their city bills. Developed by Yadanarbon Bank and 2C2P, its launch is slated for later this month at Mandalay Convention Center. “At the moment, users pay the bill...
by Ei Thandar Tun According to data from the Department of Road Transport Administration, as of November last year there were 784,999 vehicles registered in Yangon but only 188 gas stations in Yangon Region, representing a big imbalance between demand and supply. When the number of vehicles registered elsewhere but used...
by Myo Sandar The Securities and Exchange Commission of Myanmar (SECM) has announced that starting in March foreigners will be able to trade on the Yangon Stock Exchange. Companies listed on the YSX will be allowed to sell up to 25-30 percent of their shares to foreign investors. However, only foreigners...