Textile industry park planned for Mandalay
Officials in Mandalay have announced plans to establish a textile industry park in the city, as part of an agreement with the Japan International Cooperation Agency (JICA), according to an article in the Myanmar Times. “Some business people have pr
Ministry promises ‘no power cuts’ in 2020
The Ministry of Electricity and Energy (MOEE) has said that measures are being taken to ensure that there are no power cuts during the summer of 2020. According to an article in the Myanmar Times, U Tin Maung Oo, permanent secretary of MOEE, said tha
New Automotive Policy aimed to boost industry
A new automotive policy is to be implemented by the Ministry of Industry later this month, as part of plans to boost the growing sector. According to a Myanmar Times article, the government will promote the use of left-hand drives in order to improve
Hydropower Developers’ Association launch by IFC
The International Finance Corporation(IFC), the private sector arm of the World Bank Group, has announced the launch of the Myanmar Hydropower Developers’ Association (MHDA). It is an innovative platform for hydropower companies and professionals w
IMF warns momentum loss in Myanmar Economy
The International Monetary Fund (IMF) warned that “risks are tilted to the downside” referring to the concerns over the failure to address the humanitarian issues of Rakhine crisis. It was also warned that the Myanmar economy “appears to be los
