News
China eyes high speed railway as part of One Belt, One Road strategy
A super fast railway will connect Myanmar’s cities, cutting the journey time from Muse, Shan State, to Yangon to one hour. That was the claim made by China’s consul general in a recent meeting in Mandalay. Wang Zongying was discussing China’s One Belt One Road project, ...
Mandalay fisheries fail to meet demand
Mandalay’s fisheries are unable to keep pace with demand, with industry figures saying more than 48.9 tonnes of fish is imported daily from Yangon. Director of the Department of Fisheries U Hla Win told The Myanmar Times on November 28 that over 30,000 viss has to ...
Japanese MFI starts social loans expansion
Japanese microfinance lender MJI Enterprise has started offering three new types of loan and is expanding into two new areas, its chief executive told The Myanmar Times. Yuko Kato said the firm is now offering education, health-care and solar power loans, in addition to its ...
Myanma railways to ramp up carriage production next year
A new Myanma Railways passenger carriage factory built with Chinese help is expected to be up and running by the end of the next financial year, according to the factory’s general manager. The new Myit Nge factory is being built on a 27-acre plot some ...
KBank targets middle-income earners for its insurance
Kasikornbank is adjusting its back-office processes and training branch employees to better explain and sell insurance products to middle-income earners. Kattiya Indaravijaya, president of KBank, said that the Office of Insurance Commission wants banks to educate customers about insurance products that are not deposit products. ...
Visa bullish on nationwide growth in Myanmar
As only 0.5 per cent of the population has access to electronic payments so far, Visa Inc, the global payments firm, sees a lot of room for improvement in Myanmar. Arturo Planell, Visa country manager for Myanmar, said at a press conference last week that ...
Equal, transparent climate necessary for SMEs: PM
Prime Minister Nguyễn Xuân Phúc has underscored the need to create an equal and transparent climate in order to facilitate the operation of small-and medium-sized enterprises. Speaking at the third national congress of the Vietnam Association of SMEs (VINASME) in Hà Nội on December 3, ...
Talented graduates in Da Nang don’t want to work for state agencies
While many university trainees refuse to return to Da Nang after finishing courses overseas, others have returned as promised, but then expect to leave again. Under Project 922 initiated by the Da Nang authorities 10 years ago, excellent researchers and university lecturers are sent to overseas ...
Noise – the hidden killer in HCM City
Tens of millions of Saigonese not only suffer from the effects of waste water, hazardous waste and emissions, but also from noise. Medical experts say that noise has damaging effects – physiological, psychological and social. Physiologically, when noise exceeds acceptable levels, noise can cause ear injury ...
Experts wary of fish to fight dengue
The National Dengue Control Program, a department under the Health Ministry, remains skeptical in the implementation of a new dengue-prevention method, citing concerns about the program’s long-term sustainability.Despite a Malaria Consortium pilot project – which uses guppy fish to eat mosquito larvae to stem the ...
