Recent reforms in Myanmar’s mining sector have given greater powers to states and regions. Following regulatory changes in 2018, the responsibility for issuing permits for artisanal and small-scale mines has shifted from Nay Pyi Taw to licensing boards overseen by state and regional governments. According to the mines law, artisanal mining refers to individuals working […]
Read MoreU Kyaw Kyaw Maung, governor of the Central Bank of Myanmar (CBM) and his Thai counterpart Veerathai Santiprabhob, have signed a memorandum of understanding (MOU) to promote the use of the Myanmar kyat and Thai baht for trading at the border, according to an October 21 statement issued by the Bank of Thailand. The governors also […]
Read MoreThe Myanmar economy is expected to expand by 6.8 percent between October 1, 2018 and September 30, 2019 compared to 6.5pc in the previous year, according to the 2019 Annual Consultation Report on Myanmar published by the ASEAN+3 Macroeconomic Research Office (AMRO) on Tuesday. Growth is expected to pick up further, to 7.1pc in fiscal […]
Read MoreKatie Patterson of Myanmar Energy Monitor talks to The Myanmar Times about the impact of Myanmar’s electricity tariff hikes, next year’s blackout risks, the potential of renewables and the sector’s investment prospects The Myanmar government has put in place the National Electrification Plan to achieve 100 percent electrification by 2030, but implementation is behind schedule, putting the […]
Read MoreThe Myanmar Automobile Manufacturers and Distributors Association (MAMDA) has requested Vice President U Myint Swe to classify double cab trucks as commercial vehicles and levy a single tax on the category of vehicles. The MAMDA made the request during a regular meeting between Private Sector Development Committee led by the vice president and private enterprises […]
Read MorePTT Oil and Retail Business, the retail arm of Thai energy giant PTT Group, said it intends to form a joint venture with KBZ Group to set up a filling station and a reserve facility. “The first PTT station in Myanmar is slated to open before the second quarter of next year,” said Buranin Rattanasombat, […]
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