The Irrawaddy
World Bank forecasts 7.8% growth in Myanmar this year
The World Bank has predicted strong economic growth in Myanmar through the 2016-17 fiscal year, ending in March. In its growth outlook for “developing East Asia and Pacific” for 2016-18, released on October 5, the World Bank projects growth in Myanmar to hit 7.8 percent for the ...
Hanthawaddy airport agreement in final stage
A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Yangon, according to a government minister. U Thant Sin Maung, Myanmar’s Minister for Transport and Communications, told lawmakers ...
Foreign visitors to Myanmar near 750,000 in first seven months of 2016
Nearly 750,000 foreign nationals arrived in Myanmar through air and sea ports during the first seven months of 2016, according to the Ministry of Hotels and Tourism. Industry observers predict another 500,000 will visit the country as the tourist season resumes in mid-October, pushing total numbers for ...
China media: opposition to hydropower dams in Myanmar is “extreme”
Opposition to Chinese-invested hydropower schemes in Myanmar is being orchestrated by “extreme” groups in the country and has been extremely damaging to joint investment projects, an influential Chinese newspaper wrote on September 19. The suspension in 2011 of the US$3.6 billion Myitsone mega dam project by former ...
Industry leaders enthused by reinstatement of US trade benefits for Myanmar
Businessmen, industry leaders and members of government have expressed enthusiasm after statements from President Barack Obama that the US would soon re-admit Burma to the Generalized System of Preferences. President Obama notified the US Congress on September 14 that it would reintroduce Myanmar to the preferential trade scheme ...
Facebook post inspires landmark case for migrant workers in Thailand
Tun Tun Win and his coworkers from Burma thought life was fine at the Thammakaset chicken farm in central Thailand, where they reared hundreds of thousands of birds for export to the European Union. The migrants clocked 20 hours a day for 40 days straight, shoveling ...
American business lobby to host exclusive dinner with Aung San Suu Kyi
When the US government relaxed sanctions on Myanmar’s state-run companies and banks but stopped short of lifting all sanctions in May this year, the US Chamber of Commerce was not pleased. The American business lobby called for the US to “normalize” relations fully and introduce preferable trade ...
Govt investigates Taungthaman lake project, following locals’ complaints
The divisional government launched an investigation into a resort and culture park under construction on the eastern bank of the famous Thaungthaman Lake outside the city of Mandalay, after local residents complained about the impact of the project. Some of the initial construction near the famous ...
Environmentalists’ objections convince Shan parliament to reconsider building site
The speaker of the Shan State legislature has pledged to reconsider the location for the construction of a new regional parliamentary building after environmental activists voiced objections to the proposed site in the state capital of Taunggyi. Those in opposition to the plan launched a signature ...
New commission to decide fate of Myitsone dam in Kachin State
President Htin Kyaw on Friday formed a new commission to evaluate all proposed hydropower projects on the Irrawaddy River prior to their going ahead. The commission is tasked with assessing the potential environmental and social effects of any proposed project—both up- and downstream—its possible impact on ...
