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How microfinance can help Myanmar meet its major funding needs
Myanmar’s economy has logged one of the fastest growth rates in the world since it opened up in 2011, but its development of channels for financing such growth has not kept pace. The stock market,...
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Uber Gets Its Show on The Road in Myanmar
YANGON — Ride-hailing giant Uber Technologies began serving Myanmar’s largest city Thursday, aided by the spread of 4G mobile communications technology. The U.S. company will likely face stiff...
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Southern Indian Merchants, Mandalay UMFCCI ink MoU
Southern Indian business concerns and the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) of Mandalay have signed an MoU, linking merchants from both countries to explore...
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Myanmar, France Chambers of Commerce Sign Pact for Stronger Economic Ties
Yangon Though investment by French firms in Myanmar has accounted for less than 1 per cent of the total forฌeign direct investment, the figures are likely to surge over the next few years as the Union...
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Permission Needed for Foreign Investment in Mining Sector
The government has made no obstacle for foreign investments in the mining sector in Myanmar, but permission is needed from the Ministry of Mining if one desires to do business in that sector according...
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China Faces Resistance to a Cherished Theme of Its Foreign Policy
ON APRIL 10th a freight train pulled out of Barking station in London carrying Scotch whisky, baby milk and engineering equipment. It arrived in Yiwu in eastern China (see map) nearly three weeks...
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Water Transport to Begin Operation in Early June
Water vehicles will start serving commuters in early June with ships and boats bought from Thailand and Australia, according to Daw Tint Tint Lwin, CEO of Tint Tint Myanmar. The Yangon regional...
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National Reconciliation Key in Myanmar’s Development: ADB
While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people...
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Plans to Introduce Contract Farming to 300,000 Acres of Farmland Introduced
Plans are underway to introduce contract farming into 300,000 acres of farmlands, in order to grow monsoon and paddy for the 2017-2018 fiscal year, said an official from the Myanmar Rice Industry....
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Yangon Registers 25,000 Hlaingthaya ‘Squatters’
Yangon regional government has issued smart cards to 25,000 registered squatters in Hlaingthaya Township. The regional government has been collecting a list of squatters in the township in recent...
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‘One Belt, One Road’ Welcomed With Some Caution
China is convening from Sunday a large two-day summit in Beijing to tout its ambitious “One Belt, One Road” development strategy. The initiative proposed by China’s leadership seeks to promote massive...
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Indian Rupee appreciation helps international travel to Myanmar
This summer, outbound travel has seen a different pattern. Neighbouring destinations such as Myanmar, Bhutan or countries the US or the UK have seen a bigger growth, thanks to the rupee appreciation....
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Australian firms urged to invest in Myanmar
Nick Cumpston, counsellor at the Australian Embassy, said in an exclusive interview that the Australian government would encourage its businesses to seize enormous opportunities in the emerging...
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Rakhine’s Tha Htay Chaung Hydro Dam Nearly 50 Percent Complete
Construction on the Tha Htay Chaung Hydropower Dam in Rakhine State is almost 50 percent complete, with electricity production to begin in the next few years, according to the regional government....
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High Rates on Loans for Affordable Homes Are ‘Shutting Poorer Families Out of...
The interest rates charged by banks on loans used to help low-income families purchase affordable housing units are too high, the Chairman of the Myanmar Real Estate Services Association has said. U...
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Rakhine State Plans to Export 10,000 Tons of Beans to India
Rakhine state plans to export 10,000 tons of Matpe beans to India in the current fiscal year, which began in April. Official media reported that arrangements are underway to plant Matpe beans in the...
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Invitation for Bids (IFB) for Construction of Workshops, Dormitories and Open...
Date 15 May 2017 Loan/ Grant No. and Title: MYA 3472 —Equipping Youth for Employment Sector Development Project Contract/s No. and Title: EYE/C /ICB/CBMSCWS-Dorms/01 Deadline for Submission of Bids:...
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Yangon Water Bus to have 20,000 Passengers When Operation Starts
Yangon Water Bus will have about 20,000 passengers a day when it is launched, and in 2019 or 2020 the annual number could reach 24 million to 30 million, said Tint Tint Lwin, chairperson of Tin Tint...
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Parents Demand Safe School Bus Plan
Officials from the Yangon Institute of Education and parents of students at the Teacher’s Training Centre High School in Kamaryut Township discussed the Yangon Region government’s school bus plan on...
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Yangon Authorities Ready Sale of 200 Discounted Buses for School Services
The Yangon government will sell 200 buses to those wanting to run school bus services. The purchasers can buy the buses with the help of bank loans if required, Nilar Kyaw, the minister for electric...
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