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Yangon Government Submits Economic Plan to Parliament
An economic plan for 2017-2018, which aims to increase Gross Domestic Product by 8.5% was submitted to the Yangon Region Government by the Minister of Planning and Finance, Myint Thaung. The...
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No Profits or Share Dividends for YBPC Yet
YANGON Bus Public Company (YBPC) has not received any profits after running for a year and hence the firm cannot pay dividends to its shareholders, according to Yangon Bus Public Company chair U...
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Transport and Communication Sectors Reach US$3Billion in Foreign Investment
The transport and communication sectors have reached more than US$3billion in foreign investment, accounting for 46 percent of total foreign investment, a source at the Directorate of Investment and...
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Health Ministry Stands Firm as Nursing Students Protest Delayed Licensing
RANGOON — Policy that requires graduate nurses to serve at public hospitals for three years aims to tackle severe shortage of nurses and midwives at government medical service facilities, the...
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MOGE ventures into onshore services
Myanma Oil and Gas Enterprise (MOGE), a state-owned company responsible for the upstream oil and gas sector under the Ministry of Electricity and Energy of the Republic of the Union of Myanmar, plans...
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Big International Gem Show Being Held in Yangon
An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United...
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Rangoon Lawmakers Ask That City Expansion Project be Separated from Planning...
RANGOON – Outspoken lawmakers urged the Rangoon regional government on Thursday not to continue city expansion without what they referred to as a “proper” business plan. In a debate session on the...
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Joint-Venture Between British and Myanmar Firms Eyes Oil and Gas Sector
A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the...
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Environmental Agency Praises Danish Divestment from Burmese Teak
RANGOON – An international environmental NGO, the Environmental Investigation Agency (EIA), has said it welcomed the Danish authorities’ ruling banning Burmese teak from its markets. The decision...
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What Did the Philippines’ Duterte Achieve During His Myanmar Trip?
From March 19-21, Philippine President Rodrigo Duterte was on a two-day official visit to Myanmar. Apart from affirming the importance of the bilateral relationship, the trip was part of his swing...
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Beset by delays, Myanmar-China oil pipeline nears start-up
Nearly a decade in the making, a project to pump oil 770 km (480 miles) across Myanmar to southwest China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the...
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Myanmar braces for 30% drop in foreign investment
Foreign investment in Myanmar appears poised to plunge roughly 30% for the year ending March 31 amid the absence of new oil and gas projects, highlighting the need for the government to lure other...
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Minister for halt to fencing along Myanmar-Nagaland border
Strongly objecting to border fencing along the India-Myanmar border in the state, state health and family welfare minister P Longon said the move has adversely affected the livelihood of villagers...
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Hydropower threatens peace in Myanmar — but it doesn’t have to
Myanmar faces a critical moment for investment decision-making. The Barack Obama administration’s move to lift sanctions on the Southeast Asian country has opened up new opportunities. But the moves...
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Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers
Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier...
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Fiscal Year 2017-18: a New Dawn for Economic Policies
The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect...
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Thingyan Permits Will Be Revoked if Resold
Mandalay authorities warned that they will revoke Thingyan pandal permits that are resold to third parties by winning bidders. Mandalay City Development Committee revenue department head U Win Maung...
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Stock Exchange Not ready for Open Market
Htay Chun, a member of the Myanmar Securities Exchange Supervisory Commission said the country is not in a position to establish an over-the-counter market for public companies which are not...
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Yangon to Boost Revenue by Taxing for-Profit Pandals
Despite a government ban on for-profit pandals in public areas, the Yangon Region government will allow them in private areas during Thingyan, or water festival, according to Yangon Chief Minister U...
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Yangon Blackouts Announced
Yangon will be on power rotation plan until April 2 as supplies from the Yadanar natural gas pipeline will be temporarily stopped, according to Yangon Electricity Supply Board. It said Yangon...
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