China border trade passes USD 1 billion in first month
The Ministry of Commerce says border trade between Myanmar and China passed the USD 1 billion mark in the first month of the 2019-2020 fiscal year. The booming trade comes despite a surge in violence along key trade routes and highlights Myanmar̵
MOEE OK’s another gas fired plant amid LNG push
A Japanese-backed liquid natural gas (LNG) plant and terminal will be the latest in a series of LNG investments that aim to fill Myanmar’s short-term power gaps. The terminal and 1250-megawatt plant, planned for the Thilawa Special Economic Zon
Japanese beer giant struggling
Japanese beverage giant Kirin has said it will conduct a “further examination” of its Myanmar presence after its ties with the Myanmar Army (Tatmadaw) threatened an unrelated deal in the United States. The affair could show that things ar
Solar powers up with potential new contracts
Amid a push for new power sources, the Ministry of Electricity and Energy (MOEE) has announced talks with two companies for potential solar contracts. According to a press release, MOEE officials met with executives from Victory Radiance Trading Co L
New law aims to reduce imports
The Myanmar parliament has passed legislation designed to limit foreign imports, boost domestic manufacturing and strengthen the Myanmar kyat. The new law calls for the formation of a new Committee for Preventing an Increased Quantity of Imports (und
