News
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, ...
World Bank supports disaster risk management in Laos
The World Bank will provide US$30 million to Laos as part of its continuing support for disaster risk management projects that will enable the Asian nation to lessen the impact of natural disasters. The World Bank’s Board of Executive Directors in Washington recently approved financing ...
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 ...
Minister hails Lao-Vietnamese communications cooperation
Laos and Vietnam have successfully cooperated in communications, especially human resources and ICT sector development, and will continue to do so, according to a leading official. The successful cooperation has highlighted at a press conference in Vientiane on Tuesday by Minister of Post and Telecommunications ...
Seafood giant Thai Union commits to clean up supply chains following pressure campaign
After a two-year-long campaign that saw nearly 700,000 people call on Thai Union Group to shift to more sustainable and ethical canned tuna, the global seafood giant has committed to a series of reforms to clean up its supply chains. Said to be the largest ...
MoF maintains raw iron export tax
The price of refined iron ore is 200 times more expensive than the raw iron ore for exporting, therefore, reducing the export tax on raw iron ore is unreasonable and discouraging investments in ore sorting technology, according to the Ministry of Finance (MoF).Keep reading ...
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 ...
Return migration no impact on Thai-Myanmar trade
Despite the decline in import flow from Thailand at the Myawaddy border trade camp, the return of Myanmar workers from Thailand last month has no significant impact on bilateral trade, assistant secretary of the Ministry of Commerce (MOC) U Khin Maung Lwin told The Myanmar Times.Myanmar ...
Quảng Ngãi attracts projects worth $2.81b in H1
Dung Quất Economic Zone and industrial zones in Quảng Ngãi Province attracted eight projects worth US$2.81 billion in the first half of this year, according to the provincial People’s Committee. Keep reading ...
