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Singapore and China top in FDI
Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the...
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Only left-hand drive vehicles permitted to import in 2017
Only left-hand drive vehicles will be permitted to be imported to Myanmar next year, according to an announcement released by the Commerce Ministry on Wednesday. According to the model year limit of...
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Mobil phone ownership at 90 per cent
Over 90 per cent of the people in Myanmar now own a phone, up from only 10 per cent five years ago, said U Kyaw Myo, Deputy Minister for Transport and Communications at the 16th ASEAN...
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Chambers of Commerce to suggest economic development in seven sectors
To effectuate the development of local businesses, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will give guidance on the needs in seven different sectors —...
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Myanmar’s first waste-to-energy plant nearly finished
The waste-to-energy plant being constructed in Shwepyitha Industrial Zone in Yangon is 95 per cent completed, according to the Yangon City Development Committee. The country’s first-ever plant to...
View ArticleInvitation for Bids for Supply Concrete Poles for National Electrification...
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Animosity in a Burmese Hub Deepens as Chinese Get Richer
MANDALAY, Myanmar — From damp and drizzly London, the siren of British imperialism, Rudyard Kipling, wrote a poem that captured the palm trees, pagodas and temple bells of Burma during colonial rule....
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Singaporean Institute Surveys Family-Based Firms in Burma
RANGOON — Singapore Management University’s (SMU) Business Families Institute and consultant company Deloitte have been working together on the first survey of family business in Burma. The KBZ Group...
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9 Acres of Marga Land Returned to Govt, but MP Demands More
The return to public hands of more than half a plot of land given to Marga Landmark Co for the relocated Dagon City real estate project in the waning days of the previous government is not enough for...
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Hundreds of Companies Caught in UWSA Tin Mine Supply Chain
Hundreds of companies from around the world may be using tin sourced from a mine under control of the United Wa State Army (UWSA), according to a Reuters report released yesterday. Several of the...
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Descendants of Myanmar’s Last King Mark His Exile by Britain
More than a century after the British expelled Myanmar’s last king, descendants held an emotional ceremony in Mandalay’s Golden Palace today in a watershed moment for a country rediscovering its royal...
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Myanmar Opens Talks with Thailand on Reciprocal Banking Access
BANGKOK — The central banks of Thailand and Myanmar agreed Sunday to start talks on granting access to designated banks in each other’s markets, marking a small step forward in the financial...
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Kirin Jumps Headlong Into Myanmar Beer Market
TOKYO — With beer consumption shrinking in China and other major markets, Southeast Asia has become a key growth target for the beer industry. In 2015, Japan’s Kirin Holdings seized the chance to...
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High-end bamboo products to be made in mid 2017
With an aim to export high-end products of bamboo to foreign countries, bamboo furniture orders will be accepted in mid 2017, according to the Myanmar Bamboo Growers Association. Currently, the...
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Inle hotel zone entrance fees to be collected in US dollars instead of local...
With an appreciation of the US dollar price, entrance fees to the Inle Hotel zone will be collected in US dollars instead of local currency starting 10 December, said U Zaw Htay Aung, the chair of...
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Trade value slumped by over US$855million compared to similar period in last FY
Trade value as of 25th September in this fiscal year slumped by US$855.644million when compared to the similar period of last year, according to the statistics of the Commerce Ministry. The value of...
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Auto Industry Firm Against Adopting Singaporean System
Amid the ongoing struggle to rein in the number of cars in traffic-choked Yangon, dealers are already criticising what they believe may be the authorities’ latest scheme for keeping new cars out. The...
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Business Brief: What Makes APR Energy ‘The Most Interesting Jacksonville...
One of the most successful businesses based in Jacksonville doesn’t do any business in Jacksonville —or even the U.S. This is the story of APR Energy. Its co-founder and Executive Chairman John...
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Government to Tackle Legal Timber Docs
Timber exporters are scrambling to respond to the conviction in a Swedish court of a company accused of importing Myanmar teak without sufficient proof that it was legally traded. The importer,...
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Burger King Sets up Second Store at New Domestic Terminal
Myanmar is getting its first ever publicly-accessible Burger King outlet, although whopper-enthusiasts will have to make their way to Yangon International Airport’s new domestic terminal to slake...
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