Business

Plastic factory operations and protests halt due to delayed environmental assessment

Yangon Region government’s environmental and social impact assessment of the Shwemi plastic factory are yet to be finished one months after they began, according to the factory’s employees.

Now is the best time to take out soft loans for infrastructure projects: CESD executive director

 

The current government should take international development loans as it may face high-interest commercial loans in the future. This is the best time to take soft loans for the country’s infrastructure development projects, said Dr Zaw Oo, executive director of the Centre for Economic and Social Development (CESD).

Hmawbi Paradiso Cinema opens as part of 100-cinema project

Hmawbi Paradiso Cinema was opened in Hmawbi Township, Yangon Region, as the first cinema hall of a 100-cinema project in Myanmar. 

202 firms given timber export licences

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Government to get tough with illegal trade

The Myanmar government plans to crack down on illegal trade from March and no car without a proper licence will be permitted to enter the country, Union Minister for Planning and Finance Kyaw Win said.

He said the country suffered a lot in terms of lost tax revenue because of the illegal flow of commodities from foreign countries. Also, some of the imported items are not suitable for use and some foodstuffs aren’t fit for consumption.

Japan hopes to build economic foundations

 

Minister discusses dams and hydropower with Chinese firm

Top officials from Myanmar have discussed dams and hydropower projects with one of China’s biggest hydropower companies. 
Ohn Win, the Minister for Natural Resources and Environmental Conservation, discussed hydropower projects and business with China’s State Power Investment Corporation (SPIC), the Ministry of Information revealed on Thursday.

Forestry officers demand port probe powers

According to Forestry Department sources, the recent discovery of illegal log exports via sea containers at Yangon's port was suspected long ago but officers were not given permission to investigate.

Illegal timber seized at Yangon docks

Forestry

Affordable home designs reduced to cut costs

"Affordable" 400-square-feet apartments will be made available to lower-income families with an estimated price of around Ks10 million (US$ 7,400).