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The role of AustCham Myanmar in the Myanmar economy
Australia is proving an important and growing trading and investment partner for Myanmar. The bilateral trade between Australia and Myanmar reached US$144 million in 2016, according to Myanmar’s...
View ArticleInvitation of Expression of Interest for Cooperation with No.16 Heavy...
No.16 Heavy Industry (Sinde) (to Produce Agricultural Machinery & Equipment) under No.1 Heavy Industrial Enterprise, Ministry of Industry is intended to cooperate with local (and) foreign...
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Zhenrong Goes Belly-Up In Myanmar,Is Caracao next?”
The multi-billion-dollar oil refinery that was to be constructed by Guangdong Zhenrong Energy (GZE) in Myanmar failed miserably. This was confirmed last week by the Myanmar Investment Commission....
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Myanmar Emerging as Key Component in China’s Belt Road Initiative
A recent public speaking trip through Asia discussing the ongoing developments within the China Belt Road Initiative (BRI) exposed a number interesting themes, one of which is the increasing influence...
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Drones Banned in Yangon Townships Due to Airport Hazard
For the safety of flights landing at Yangon International Airport, Yangon Region General Administration Department has issued an order dated November 28, banning drones and other unmanned aircraft...
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Yangon Marine Breeding Zones in the Pipeline
The plan is to establish three breeding zones on 10,000 acres of land in Yangon Region to produce fishery products, according to U Hnin Oo, vice chair of Myanmar Fisheries Federation. “After...
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Myanmar to regulate ride-hailing companies
The Myanmar government is looking at coming out with regulations to govern the technology-based ride-hailing app space, seeking to provide a level playing field to the operators, according to...
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Kirin expands market share with Mandalay Brewery JV
Kirin Holdings has officially taken a stake in Mandalay Brewery, the brewer of Mandalay Lager Beer, Mandalay Strong Beer and Mandalay Spirulina Beer. Japanese brewer Kirin Holdings and military-linked...
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Construction of Dawei SEZ back on the cards
The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region. The Dawei SEZ includes...
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Lack of policy direction leads to drop in investor confidence
Alarm bells are ringing after a substantial drop in investor confidence in Myanmar as a result of the lack of a clear economic policy and plan in the economy. According to the second Myanmar business...
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Central Bank allows foreign banks to provide export financing
Foreign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. The move, which aims to help local export businesses gain access to working capital, was...
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Requirements on hiring foreigners only applicable to MIC firms
The government’s newly expanded requirements on hiring foreign employees announced in October are only applicable to companies permitted by the Myanmar Investment Commission (MIC). The Directorate of...
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Kayah may Open Me-Se Border Crossing to promote tourism
The border crossing between Me-se in Kayah State and Khum Yuam in Mae Hong Son in Thailand is expected to open before Kayah State Day next month, U Lin Zaw Htut, deputy director of Hotels and Tourism...
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Delay in Companies Law Negative, but not Surprising
Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration...
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Still no Decision on Hotels in Bagan Zone
The government is yet to decide on what to do with the hotels in Bagan heritage zone, even as the UNESCO has been suggesting their relocation since 2013. “UNESCO suggested the transfer of the hotels...
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A Third of Myanmar’s Population Living in Poverty
NAYPYITAW — About 32 percent of Myanmar’s 50 million population, or 15.8 million people, are living in poverty, according to an assessment of the 2015 Myanmar Poverty and Living Conditions Survey. The...
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BritCham & AmCham Joint Networking Event – 24 Jan 2018, 6pm to 8pm
Join the American and British Chambers sponsored by Exera for an evening of socialising and free flow beer, wine and soft drinks. Light canapes will be served. Free for AMCHAM and BritCham members |...
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Return of shared taxi service to heat up Yangon market
The Yangon Regional Government is planning to allow the return of shared taxi services between the outskirts and Sule Pagoda in downtown Yangon, said Daw Nilar Kyaw, Minister of Electricity, Industry,...
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Myanmar powers up
The government of Myanmar has made energising the power sector an urgent priority, aiming to provide electricity to the whole country by 2030 at the latest. While hydroelectric dams will provide most...
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French Firm Helps Shan Farmers Turn Poppy to Coffee
NAYPYITAW — A coffee growers cooperative in Shan State and a French roasting company signed a memorandum of understanding on Thursday in Naypyitaw that pledges the roaster to buy from the farmers for...
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