News
Rice husk power plant opens in Myanmar
A biomass gasification power plant which uses rice husks to generate electricity was opened by the Myanmar Agribusiness Public Corporation (MAPCO) in Nay Pyi Taw, said the company’s chairman, U Chit Khine.Keep reading ...
Farmers charged over Letpadaung protest
Myanmar authorities have charged 50 farmers with assault, illegal assembly, illegal demonstration, and destruction of state property for blocking the road to the controversial Chinese-run Letpadaung copper mine in the country’s north-western Sagaing region, RFA reported on 27 March quoting a police officer.Keep reading ...
Workers want 10-day Thingyan holiday
More than 5000 workers representing the Confederation of Trade Unions of Myanmar (CTUM) marched to the city centre yesterday to demand 10 days of holidays during the Thingyan water festival.Keep reading ...
Trade between Myanmar, Middle East reaches over 300 million USD in past 10 months to January
Total trade value between Myanmar and Middle East countries reached 332.874 million US dollars in the first 10 months of this fiscal year 2016-2017 as of January, official media reported Sunday.Keep reading ...
Fiscal year 2017-18 will dawn with new economic policies and priorities
The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell ...
Environmental awareness camp in Sagaing forest reserve
Sagaing regional government is building an environmental awareness and education camp in Linn Note Guu forest reserve in Kanbalu township, to conserve the flora and fauna of the forests and to promote appreciation for the natural environment among people, especially the younger generation.Keep reading ...
Joint-venture between British and Myanmar firms eyes oil and gas sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector.Keep reading ...
Construction Association to Take Over Low Cost Housing Projects
The Myanmar Construction Entrepreneurs Association has taken over responsibility for the government’s affordable and low-cost housing scheme, which aims to build one million homes by 2030.The scheme covers projects by the Union government as well as Yangon’s regional government and other state and regional authorities, ...
Miners to Miss Out on Tax Exemptions Under New Investment Law
The mining sector will miss out on a number of incentives including special income tax exemptions under the new investment law which is due to take effect next month, the Director General of the Directorate of Investment and Company Administration(DICA) told a press briefing. Keep reading ...
Regions and States Now Able to Green Light Business Proposals up to $5m
State and regional investment commissions will be able to grant business proposals of up to $5 million as part of the new investment law.Local investments under K6 billion and foreign investments of less than $5 million will no longer need to go through the Myanmar ...
