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Foreign Investors Invited to Participate in Yangon Industrial Zone Development
AUTHOR: TIN MG OO At a press conference on June 3, Chief Minister of Yangon U Phyo Min Thein said that he welcomed the participation of both local and foreign investors to help establish new industrial zones, and upgrade existing ones.
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11/06/2019 -
Myanmar to Reduce Teak Production Over Next Three Years
Author: Ei Thandar Tun In an attempt to reduce the escalating deforestation issue, Myanmar is working to reduce its teak production to 24,000 tons over the next three years, according the Ministry of Resource and Environmental Conservation. This is part of the government’s plan to increase forest coverage in Myanmar, the country plans to lower production by producing 10,000 tons in the 2019-2020
Read More04/06/2019 -
Toyota to Build Myanmar Factory
Author: Zin Thu Tun Mr. Ichiro Maruyama, Japanese Ambassador to Myanmar, and Mr. Susumu Matsuda, President of Toyota Motor Asia Pacific Pte Ltd, met with U Thaung Tun, President of Myanmar Investment Commission and Union Minister of the Ministry of Investments and Foreign Economic Relations, to build a factory in Myanmar.
Read More04/06/2019 -
Ooredoo Prepared, Seeks Approval to Bring 5G to Myanmar
AUTHOR: EI THANDAR TUN Ooredoo Myanmar has announced that once it gets approval and licenses from the government, it will build and provide 5G services here. To do this, it announced a partnership with ZTE Corporation, as it signed a Memorandum of Understanding [MoU] to collaborate on 5G development in this country. The two companies will jointly test the new 5G network in some townships of Yangon
Read More28/05/2019 -
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 -
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 -
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 -
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 -
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 -
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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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 -
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 -
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 -
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 -
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
