Parliament asked to approve ADB loan to improve electricity network

First phase of power plan will be done by 2021

Myanmar will complete the first phase of its sweeping National Electrification Plan (NEP) by 2021, according to the public Electricity Supply Enterprise (ESE). It will be the first step towards the government’s goal of total nationwide electrif

China eyes Myanmar bananas

China may soon ink a new banana trade deal. Deputy Minister of Commerce U Aung Htoo announced that the two country’s are in talks to sign an agreement for China to import large quantities of Myanmar bananas, adding that fruit to the list of hi

Sugar season delayed as prices fall

Sugar production in Myanmar will begin a full month later than usual due to unfavorable weather and falling prices. An unnamed sugar cane trader told the Myanmar Times that the “unusual weather” has pushed the sugar production season into
Myanmar's first smart city

Tourism rises in Mandalay

Tourism is rising in Mandalay as around 600,000 tourists are expected to have visited the city by the end of the year. That is a significant rise from last year, the Directorate of Hotels and Tourism in Upper Myanmar (DHT) told the Myanmar Times. Chi

IFC: Myanmar should go solar

Solar can help Myanmar fill its electricity shortage and reduce the cost of power, the International Finance Corporation (IFC) argued in a recent report. The IFC (which is the private sector financing arm of the World Bank Group) claimed that investi

Myanmar legalizes foreign remittances

Independent cash remittance services can now receive official licenses to transfer money between Myanmar and other countries. The Central Bank of Myanmar will issue the licenses mainly to overseas employment agencies. Myanmar people have been able to