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Myanmar ‘Must Review Energy Policies’
WITH two-third of the population lacking access to the national grid, Myanmar needs to find the most suitable energy policies for domestic consumption, according to civil society organisations. A...
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Rangoon to Launch Public Waterfront Area in 2017
RANGOON — In an attempt to promote tourism, the Rangoon Division government will open a public downtown waterfront area next year, creating another tourist destination in Burma’s business hub....
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ANA Invests in Myanmar Airline Venture Planning International Debut in 2018
ANA Holdings Inc. has invested in a new airline venture in Myanmar that aims to start international flights in 2018 as the Japanese carrier seeks to capture demand in Asia’s fastest-growing economy....
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Rural Myanmar Spells Opportunity for Retailers
TOKYO Myanmar is projected to post the fastest growth of any emerging Asian economy in 2017. Yet in many respects, its consumer market is still underdeveloped. This presents a golden chance for the...
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Ready to Rumble?
Weekend investigates the sleeping giant underneath Yangon. It’s not a matter of if, but when. This verdict comes up time and time again when speaking to local and international experts on the...
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Foreign Investment Surge Not Felt in Local Banks
The government needs to monitor whether foreign investors are using their money or not as foreign currency has yet to inflow into local banks, Khin Maung Aye, chair of Myanmar Bank Association....
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Labour Official Upbeat on Migrants-to-Malaysia Restart But no Date Set
A suspension on sending migrant workers from Myanmar to Malaysia will be lifted when political conditions in the latter improve and the safety of labourers can be better assured, according to U...
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Affordable Housing Projects Affected as Funds Dry Up
In a serious blow to thousands of would-be home-owners, the construction of affordable homes in Yangon’s Ayeyarwon and Yadanar housing projects has been suspended because the money has run out,...
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Tax Incentives for Alcohol, Tobacco Were a ‘Big Mistake’
Providing blanket five-year tax holidays to all foreign investors in recent years was a “big mistake” that will be fixed when a new investment law comes into effect next year, a senior official at...
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Remote Myanmar Gets Ready For Tourism Boom
After a decades-long blanket ban on tourists, Kayah State in eastern Myanmar has opened up to the outside world. Travellers are pouring in to get a glimpse of its untouched beauty. As Pichayada...
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Rakhine Farmers Caught Between Falling Prices and Rising Labour Costs
Farmers associations in Rakhine State – one of the biggest rice producing regions in Myanmar – are calling for government aid amid falling prices, closing markets and a shrinking labour pool. But...
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New Import Regs Send Car Prices Rocketing
Car prices are set to rise, industry observers say, in the case of some popular models by as much as 100 percent. The increase, they say, is a consequence of the decisions taken by the government...
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Furniture Industry Tables Tax Breaks to Boost Exports
Tax incentives and reformed timber laws could rescue Myanmar’s neglected furniture industry and help it become a regional powerhouse, say forestry industry sources. At a December 1 meeting with Vice...
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Visa Hits Out at Central Bank Regulations
Central bank regulations that bar people with domestically- issued Visa cards from making transactions within Myanmar are hindering the company’s expansion plans, according to a senior executive....
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Government Plans Monthly Meetings to Respond to Business Leaders
RANGOON — Government leaders are planning to meet monthly with the local business community to listen to current problems and find solutions, Vice President U Myint Swe and National Planning and...
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Cash is Still King in Myanmar But Visa Gains Ground
American payment technology giant Visa saw double digit growth in transactions in Myanmar in the past year, bolstering its efforts to break into a country dominated by cash. The numbers of locals...
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Ministries in ‘Heated Discussion’ With Investment Body Over Details of New Law
Government ministries having been slowing down efforts to draft rules and regulations for Myanmar’s new investment law because they are reluctant to relinquish powers over companies that fall under...
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New Project Increases Serviced Office Space in Downtown Yangon ‘by 45%’
A company offering office space has launched a project that it says increases the available stock of serviced offices in downtown Yangon by 45%. The Hintha Business Centre, a subsidiary of Anthem...
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Myanmar Cannot End Malaysia’s Worker Visa Fee: Foreign Ministry
The government is not in the position to interfere with Malaysia’s US$ 57 fee for a work visa for a Myanmar worker, said Minister of State for Foreign Affairs Kyaw Tin. During a parliamentary...
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Computer Problem Hurts Squatters List Compilation in Dagon Seikkan
YANGON- The government started compiling a list of squatters from Dagon Seikkan Township, Yangon Region, at the Yuzana Garden Housing Sale Centre and Panintayarma Monastery in Dagon Seikkan Township...
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