Myanmar News
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AFGHANISTAN, 2017/09/09
Destinations worldwide welcomed 598 million international tourists in the initial six months of 2017, some 36 million additional than in the same period of 2016. At 6%, increase was well above the trend of recent years, making the current January-June period the strongest half-year since 2010.
Visitor numbers reported by destinations around the world reflect strong request for international travel in the initial half of 2017, according to the new UNWTO World Tourism Barometer. Worldwide, international tourist arrivals (overnight visitors) increased by 6% compared to the same six-month period last year, well above the sustained and consistent trend of 4% or higher increase since 2010. This represents the strongest half-year in seven years.
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MYANMAR, 2017/07/31
A combination of market reform and a rebound in foreign investment is expected to underpin stronger increase in Myanmar’s economy this year and into 2018.
The process of opening up the economy to private sector and overseas involvement took a key step forward in mid-June, with the Ministry of Commerce announcing further liberalisation of trade and import regulations.
Under the new rules issued in mid-June, foreign companies are presently permitted to trade and import fertilisers, seeds, pesticides, hospital equipment and construction materials, in accordance with the Myanmar Harmonised System commodity code. Trade of these products was formerly limited to domestic firms, or those working in partnership with overseas companies.
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MYANMAR, 2017/07/01
Investment in off-grid solutions is increasing in Myanmar, as the country seeks to boost connectivity and move towards providing universal access to electricity within 15 years.
In mid-May the Ministry of Agriculture, Livestock and Irrigation announced it was accelerating its programme for off-grid power projects in rural areas. Under these plans, 10 villages will be linked to standalone power sources as part of a pilot programme to improve connectivity in remote regions.
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CHINA, 2017/04/07
Myanmar President U Htin Kyaw arrived in Chengdu, capital of the southwestern province of Sichuan, on Thursday to start his six-day trip in China.
At the invitation of Chinese President Xi Jinping, U Htin Kyaw will pay a national visit to China from April 6 to 11, according to China's Foreign Ministry.
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MYANMAR, 2017/03/06
The Rakhine National government will invite tenders for the construction of an airport in Mrauk-U, National Planning and Finance Minister Kyaw Aye Thein said.
He told the Myanmar Times that the decision to put the airport project out to tender was due to insufficient funds in the national’s budget which allocated K2 billion a year for the project.
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AFGHANISTAN, 2016/12/11
A university education may expand your mind. It will as well fatten your wallet. Data from the OECD, a club of rich nations, show that graduates can expect far better lifetime earnings than those without a degree.
The size of this premium varies. It is greatest in Ireland, which has a high GDP per chief and rising inequality. Since 2000 the unemployment rate for under-35s has swelled to 8% for those with degrees – but to additional than 20% for those without, and nearly 40% for secondary school drop-outs. The country’s wealth presently goes disproportionately to workers with letters next their names.
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INDONESIA, 2016/11/24
Since becoming the leader of Myanmar’s government in April, Aung San Suu Kyi has often said that her top priority is achieving peace — ending the civil war that has raged in her country since independence in 1948. She has as well stressed the importance of overcoming the poverty that the general people has sunk into during the completed five decades of military policy.
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MYANMAR, 2016/08/25
Yangon is suddenly a city of phablets. Nowhere in Asia, let alone Europe, have I seen so a lot of supersized smartphones in public spaces and with such egalitarian appeal: Pavement vendors selling early 20th century British guides to English grammar seem as transfixed by them as Yangon’s smart set playing Pokemon Go.
For a lot of in an isolated country, a 4G smartphone is their initial taste of modern consumer luxury. Its proliferation, in a country where a SIM card once cost additional than $2,000 (Dh7,356), seems an example of “leapfrog development”, in which, economically backward nations take quick shortcuts to modernisation and urbanisation.
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MYANMAR, 2016/05/15
Washington plans to renew most of its sanctions against Myanmar at the same time as they terminate next week, though the US will make some adjustments aimed at boosting investment and trade with the Asian country.
An announcement on extending considerable portions of the International Emergency Economic Powers Act may be made as any minute at this time as May 17 prior to an upcoming visit to Myanmar by US Secretary of National John Kerry on May 22, the Guardian reported Saturday citing senior American officials and congressional aides.
The development comes as the US Treasury Department has drastically eased sanctions against Myanmar’s government, infamous for carrying out massive human rights abuses against its Rohingya Muslim minority, by issuing general licenses that give companies and investors exemptions to sanctions that target over 100 individuals and businesses, inclunding some of Myanmar’s biggest business figures.
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MYANMAR, 2016/03/20
Lawmakers in Myanmar’s parliament have approved a proposition by the incoming government for the formation of a new ethnic affairs ministry.
Christian MPs said the move was a step forward toward peace and national reconciliation with minority groups.
The proposition was submitted to parliament on March 17. Lawmakers debated the proposition and accepted it March 18.
The establishment of the new ministry is part of a broader civil service reform strategy to reduce bureaucracy in which the incoming government wants to cut the number of ministries from 36 to 21.
