News
Singapore’s MOSB to become first foreign oil and gas supply base in Myanmar
Myanmar Offshore Supply Base (MOSB), a Singapore company, on July 11 received the green light from the Myanmar Investment Commission (MIC) to construct an oil and gas supply base in Mon State. It will be the first foreign-run oil and gas supply base in Myanmar. ...
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, ...
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 ...
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 ...
Shortage of migrant labour hits key sectors
Many sectors, including construction in the capital, fisheries in the South and agriculture in border areas, are facing labour shortages due to the tough new labour law, sources said yesterday as migrant workers began returning to Thailand. A construction site of the Red Line train ...
World Bank committing over US$2b to support three Asean nations
The World Bank is currently supporting 43 active projects in Laos, Myanmar and Cambodia, with commitments of over US$2.7 billion as of June, according to a recent report. Of the total figure, 18 projects are in Laos with the total commitment of US$437 million, while ...
Hundreds of Myanmar workers returning to Thailand under MoU
Hundreds of Myanmar workers are going back to Thailand daily to work under the memorandum of agreement (MoU) between the two countries, even as thousands more illegal Myanmar migrants continue to return home, said the Ministry of Labour, Immigration and Population.Read more ...
World Bank Appoints New Director for Region
The World Bank has appointed a new director for Cambodia, Burma and Laos, it said in a media statement on Tuesday. Ellen Goldstein, a 30-year veteran at the bank and previously the director for the West Balkans and earlier for Bangladesh and Nepal, will be ...
