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Oiling the wheels of the super-rich
Nyi Nyi Lwin, owner of newly opened luxury car workshop Optima Werkz Yangon, first developed a love for fast cars during his university years in Australia about a decade ago. That passion has grown in...
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Government to provide LPG to Yangon households
The government aims to cut electricity use in Yangon Region with the distribution of liquefied petroleum gas (LPG) to 150,000 households in December, a senior energy official said on Thursday. The...
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Yangon’s growing trade demands deeper port to ease logistics woes
A DEEP-SEA port with access to the commercial capital should be built to cater for significant volume increase in trade if Myanmar aspires to develop into a competitive import-export economy,...
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Dept of Urban & Housing Development: Partner Invitation for Housing Project...
Ayearwon-Yadanar Highrise Housing Project, located at Dagon Seikkan Township Ward No (61 & 67), between Yadanar and Ayearwon Road. See https://goo.gl/maps/3XXB1p9hJNv. The project is constructed...
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Three gas turbine power plants expect to generate sufficient electricity...
Three new natural gas-fired power plants with the capacity to generate more than 450 megawatts of power are expected to go live before the coming summer season. That should satisfy the energy demands...
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Myanmar’s United Amara to issue 15,000 Visa cards in 4 months
UNITED Amara Bank (UAB), one of the largest financial institutions in Myanmar, will issue more than 15,000 Visa credit cards by the end of this year, says Christopher Loh, the bank’s chief executive...
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China, Myanmar discuss establishment of border economic cooperation zone
The establishment of China-Myanmar border economic cooperation zone is being discussed between the two governments. The government of Yunnan Province has invested US$10 billion in Myanmar, while...
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PPB disposes of Myanmar packaging business for US$2.4m
KUALA LUMPUR (Sept 20): PPB Group Bhd is disposing of its entire equity interest in Tefel Packaging Industries Co Ltd in Myanmar for US$2.4 million (RM10.06 million). PPB’s 79.9%-owned indirect...
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Rules to new Condominium Law now being refined, will be enacted soon
Regulations to the 2016 Condominium Law, which will be enacted soon, will allow foreign nationals to take a maximum stake of 25 percent in a condominium property, among other new provisions, said U...
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Rice federation proposes exports via Pathein, Sittway ports
Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh....
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Yangon Water Bus service in the pipeline
Tint Tint Myanmar Company will begin operating the Yangon Water Bus service soon, announced company chair Tint Tint Lwin on her Facebook. “I would like to thank the regional chief minister, ministers,...
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MGS Group deepens push into property and hospitality
MYANMAR Golden Star Group of Companies (MGS Group), which is engaged in beverages, banking and microfinance, has expanded its business portfolio by prioritising hospitality and real estate. Thein Tun,...
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Area map signboards to be installed in Yangon
Area map signboards containing information about historical buildings and heritage locations will be installed at 15 locations in Yangon’s Central Business District so tourists and local visitors can...
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Coffee Exports Stimulated by Production and Demand
Myanmar coffee traders have exported 535 tons of coffee beans this fiscal year, twice as much as the same period the year before, according to statistics from the Ministry of Commerce. Last year, the...
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India to Develop Energy Network in Rakhine State of Myanmar
India is very keen to explore the shared future in energy network along with three key neighbouring countries, Bangladesh, Myanmar and Nepal. These three countries have assured India at the highest...
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Nagaland Declaration’ released at NE Connectivity Summit
DIMAPUR, Sept 24 – Following wide-ranging discussions during the two-day 4th North East Connectivity Summit in Kohima, Deputy Secretary General, FICCI, Arun Chawla released the ‘Nagaland Declaration’...
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Metro Cash & Carry builds warehouse in Myanmar
Metro Cash & Carry, an international specialist in wholesale and food retail with a presence in 25 countries, recently entered Myanmar by kicking off construction of its warehouse in Thilawa...
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Sodexo , Amata eye growth in CLMV markets
SODEXO, a global leader in integrated facilities management services, plans to expand its activities in the CLMV markets (Cambodia, Laos, Myanmar, and Vietnam) through its joint venture operations...
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Myanmar’s new Companies Act can be ‘game changer’
TOKYO — Little in the way of positive news has come out of Myanmar in recent months. The situation in Rakhine State has seen de facto leader Aung San Suu Kyi come in for severe criticism from the...
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Shoe factory creating 300 job opportunities by to be opened soon in Myawady...
A shoe factory which can create job opportunities for 300 people will be opened soon in Myawady Economic Zone, Myawady Township near the border of Myanmar and Thailand. This factory is located seven...
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