News
Trade in pulses, sesame seeds slackens after bank accounts frozen
Mandalay businessmen said prices of pulses and sesame seeds declined after a Chinese bank decided to freeze dozens of Myanmar traders’ accounts last month, triggering a slowdown in the trade of the commodities.Read more ...
State capital and major city in Chin State embrace industrial zones
Industrial zones will be built in two major cities in Chin State – Hakha and Paletwa, and local and foreign investment will be welcome, according to a state minister. U Salai I Thakin, Chin state minister for electricity, industry and road transportation, told The Myanmar Times ...
Foreign staff crisis threatens rice target
The crackdown on foreign workers may cause Thai rice exports to drop below the target of 10 million tonnes this year, with many migrants who work in the industry leaving the country.Keep reading ...
PM invokes Section 44 to ease exodus of migrant workers from tough labour law
Prime Minister Gen Prayut Chan-o-cha today invoked Section 44 of the interim Constitution to delay the enforcement of some tough provisions in the new law on alien workers until January 1 next year.The decision to invoke Section 44 was made at the joint meeting of ...
Locals worried by huge cracks near coal mines in Thibaw
People living in Nam Ma village tract in Thibaw township, northern Shan State, are worried about large cracks in the earth that opened up recently in the area where a coal mine has been operating since 2004. On June 23, more than 600 people and 15 ...
Myanmar workers shunned by employers due to tough law
Hundreds of unregistered Myanmar workers on Friday returned home as employees dared not hire them because of tougher punishments under the new executive decree on the recruitment of foreign workers, which imposes fines as high as 800,000 baht.Read more ...
Japan's Daiwa to buy into Myanmar internet provider
Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential. Daiwa PI Partners will purchase newly issued shares, obtaining a stake of nearly 10%. Founded in 2013, the ...
Gov’t: public should be consulted on coal power
The government is currently streamlining its policy for the power sector to ensure the country’s energy security and coal can be one of the options, according to Daw Mi Mi Khaing, director general of Department of Electric Power Planning under the Ministry of Electricity and ...
Myanmar becomes fastest growing aid recipient in the region
Myanmar are one of the two largest recipients of humanitarian aid to Southeast Asia and is the fastest growing aid recipient in the region, speakers at an aid conference said. U Tun Tun Naing, permanent secretary of the Ministry of Planning and Finance, said that the ...
Mandalay to China rice exports dip
Rice exports from Mandalay to China have dropped to almost nil due to finance difficulties caused by China’s decision to freeze 132 bank accounts of Myanmar citizens on June 14, said rice traders in the border region.The freezing of the bank accounts has caused difficulties ...
