Myanmar Times
Earthquake experts to study tectonic movement in Myanmar
A research project aiming to gather more accurate data on the movement of tectonic plates in Myanmar will be undertaken across the country until May 2017, according to the Myanmar Earthquake Committee. Seismographs have been installed across the country starting in May this year. The first ...
USAID backs MFIs with $10m guarantee
USAID kicked off a seven-year program to guarantee over US$10 million in microfinance loans to the agricultural sector on September 20, as part of a new US effort to offer greater economic support to the country. The US development agency has signed a multi-bank loan portfolio ...
Calls for further protection for migrant workers
Myanmar’s preeminent trade union confederation has called on the government to take action to protect migrant workers from exploitation and unfair treatment abroad. Daw Htwe Htwe Thein, a director of the Confederation of Trade Unions of Myanmar, called for stronger regulation of employment agents who recruit ...
Rakhine advisory commission gets to work with IDP camp visits
Torrential rain did not deter a crowd of well over 100 people turning out to witness Kofi Annan’s arrival in the Muslim ghetto of Aung Mingalar on September 7. In contrast to the protests that had greeted Mr Annan’s arrival in the Rakhine State capital of ...
Asian firms increase footprint with Myanmar MFI expansion
Thai-listed firm Group Lease has brought a majority stake in BG Microfinance Myanmar, with plans to invest almost US$7 million into the business and ramp up the number of branches. Korean credit card firm Shinhan Card, meanwhile, is preparing to start its own microfinance services ...
One year later, Chin landslide victims wary of promises still yet to be fulfilled
One year after landslides ravaged northern Chin State, and geologists recommended a relocation of the state capital, little on the ground has changed, residents say. Election promises of resettlement by Christmas were largely unmet, and families eventually moved into the new dwellings continue to lack ...
Contractors association bands together with YCDC grievances
Over 500 of Yangon’s licensed building contractors met last week to debate forming an industry association, which will have a long list of policy complaints to take to Yangon City Development Committee. The city’s contractors are banding together partly in anticipation of new YCDC regulations, and ...
Hydropower commission probes Myitsone contract
The commission to scrutinise hydropower projects along the Ayeyarwady River has met with the Ministry of Electric Power and Energy to learn more about the contractual agreement with a Chinese state-owned firm underpinning the suspended Myitsone hydropower project in Kachin State. The commission held its second ...
The pivot toward closer India-Myanmar ties
India and Myanmar have gone to great lengths to paint President U Htin Kyaw’s recent four-day visit as a historic cementing of bilateral ties. The neighbouring countries’ relations, long overshadowed by China’s more aggressive overtures, have forged ahead under the National League for Democracy-led administration. U ...
Illegal logging mars Magwe’s deep forests
The scene is lined with turquoise mountains, surrounded by white cloud. Wherever you look you can see green-tinted hills and mist. This is the western fringe of Magwe Region in central Myanmar, on the border with Rakhine State, where valuable forests cover the Yoma mountains. Vast ...
