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Yangon Freight Forwarders to Form Public Company
AUTHOR: EI THANDAR TUN The Yangon Regional Transport Authority (YRTA) will organize freight forwarders who provide transportation services in Yangon Region, forming a public company under its oversight.
Read More28/05/2019
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Committee to Inspect Yangon Condominiums
AUTHOR: EI THANDAR TUN The Yangon Condominium Management Committee will start inspecting condominiums in Yangon to see if they meet the requirements set forth by the condominium law, if they do not meet the requirements the committee will not give the building official condominium status.
Read More28/05/2019
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Double Dipping on a U.S.-China Trade War
AUTHOR: ANDREW P.JOHNSON There have been a lot of interesting developments in the U.S.-China trade war over the last year, and especially in the last few weeks. As events progressed, through a series of three articles, Myanmar Business Today (MBT) explained how Myanmar might be affected.
Read More28/05/2019
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Myanmar Sees 30 Percent Increase in Tourism During First Four Months of 2019
AUTHOR: ZIN THU TUN The number of tourists coming into Myanmar during the first four months of this year has risen by 30 percent over the same period last year. This information was shared by U Ohn Maung, Union Minister of the Ministry of Hotels and Tourism, at a press conference held to explain what the government has accomplished during its third year.
Read More28/05/2019
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New K10,000 Notes to Feature General Aung San
AUTHOR: SWE LEI MON The Central Bank of Myanmar will be issuing new K10,000 notes in 2020; the new bills are to feature a picture of General Aung San, the late hero of the country’s independence. This announcement came from U Soe Thein, the Vice President of the nation’s Central Bank.
Read More28/05/2019
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Myanmar to Upgrade Hydropower Stations with AFD Loan
AUTHOR: TIN MG OO Myanmar will upgrade five hydropower stations across the country using a loan worth €35.7 million. The loan is from French Development Agency (AFD) according to Dr. Tun Naing, Deputy Minister of the Ministry of Energy and Electricity.
Read More28/05/2019
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Agricultural Ministry Promises Assistance to Help Grow Myanmar’s Coffee Industry
AUTHOR: SWE LEI MON For many people around the world, the day does not truly begin until the coffee is brewed. If there is no coffee, this may be a rather ominous sign that the day may not go well. Coffee is such an integral part of modern society that an entire industry supports it, from the farmers who grow the coffee – those dear, sweet individuals who support the rest of us and allow us to con
Read More28/05/2019
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YBS: An Inside Look at Yangon’s Bus System
AUTHOR: (MMK) Millions of commuters in Yangon use public transportation each day to navigate Myanmar’s largest city. The vast majority cannot afford to purchase their own vehicle, but instead rely on the bus system. In an effort to make the bus system safer for commuters, the government upgraded the public bus system; this was highlighted by changing the name to the Yangon Bus Service (YBS) in2017
Read More21/05/2019
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Thai, Myanmar Hotel Operators Sign MOU for Myanmar Hotel Projects
AUTHOR: TIN MG OO Centara Hotels & Resorts and KMA Hotels Group, a subsidiary of Kaung Myanmar Aung (KMA) Group of Companies, have announced the signing of a MOU to begin the development and renovation of 6 hotels located at some of Myanmar’s most popular tourist destinations, all to be managed under Centara brands. Work on the project will begin in 2019.
Read More21/05/2019
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80 Priority Projects Unveiled by Yangon Regional Government
AUTHOR: SWE LEI MON Yangon’s Regional Government has introduced to the public its plans for 80 priority projects in the Yangon Region. The initiative spreads across multiple sectors, including real estate, industrial zones, roads, ports, and other urban infrastructure developments. It is to be financed by the Yangon Project Bank, and hopes to evoke more participation from the private sector in ...
Read More21/05/2019
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5 Key Potential Investment Sectors for Thai Investors
Author : Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). " One of the very famous questions that has always been asked by the Thai investors for Myanmar is what the high potential business sectors are for Thai business. " There are many sectors that have high potential but TBAM committees have analyzed that these 5 sectors are the key potential
Read More08/04/2019
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Telenor Holds Sustainable Business Briefing
AUTHOR: EI THANDAR TUN Telenor Myanmar hosted its 6th annual sustainability briefing to present an update on its ongoing and new sustainability initiatives within Myanmar. The presentation focused on key sustainability areas contributing to sustainable and responsible growth as Myanmar moves toward digital society. Key initiatives include Mobile Connectivity, Impact on Economy, Supply Chain Integrity, improving Safety, Operations in Ethnic Areas, Tackling Hate Speech and Empowering Society.
Read More02/04/2019
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Telecom Operators Allowed to Sell Only 2 SIM Cards Per ID Card
AUTHOR: SWE LEI MON Telecom operators are not allowed to sell more than two SIM cards to an individual starting from April 1. The purpose of the change is to protect the privacy of users, according to the Department of Post and Telecommunications under Ministry of Transport and Communications. The Ministry has ordered all operators not to sell more than two SIM cards per identity card, and the Ministry will ban all other sim cards from that telecom from being registered under a single ID card. The reason is twofold.
Read More02/04/2019
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Yangon Real Estate Only Seeing Demand for Rentals
AUTHOR: HTWAL SAN Due lack of investment in Yangon’s real estate sector, there is very little demand for real estate properties with exception of rental properties, according to local real estate agents. “Investment in real estate is very low and thus the real estate market is inactive. There is only demand for rental properties. Before, the prices were set based on location. But now there is no set price. If you like the price, you will sell it or buy it,” Daw Moh Moh Aung, Secretary of Myanmar Real Estate Services Association, said.
Read More02/04/2019
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MDA Requests Government to Finalize Apartment Bill
AUTHOR: HMONE LAY Myanmar Developer Association (MDA) has made a request for government to prepare the Apartment Bill as soon as possible in order to protect apartment buyers. The law will allow for two things. First it enables apartment owners to legally register, sell or sub-lease their apartments in accordance with law, and secondly, the government will be able to legally collect tax on the sale of the apartment.
Read More02/04/2019