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Rubber industry to be stamped with new law
A new law is being drafted to promote Myanmar’s rubber sector, as the commodity’s international value plummets and a number of plantations across the country are forced out of business. The law is...
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Grand Andaman and UMEHL to harvest birds’ nests in Tanintharyi
Grand Andaman Islands Company has become Myanmar’s first private company to hold a licence to work alongside military-owned conglomerate Union of Myanmar Economic Holdings Limited (UMEHL) harvesting...
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Less Than One Percent of Rangoon-Dala Bridge Budget Allocated to Land...
RANGOON — The government paid compensation to 66 landowners on February 17 to partially cover losses to be incurred during the construction of a bridge connecting downtown Rangoon with Dala Township....
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Rapid Migration and Lack of Cheap Housing Fuels Yangon Slum Growth
YANGON — Ei Cho Khine once had dreams of becoming a tour guide. As a student back in her village in Magwe Region in central Myanmar, she would often encounter groups of foreigners being led by tour...
View ArticleInvitation for Bids (IFB) Myanmar IT Infra-Network Expansion Project for FOC...
Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. INVITATION FOR BIDS (IFB) Invitation No. of IFB: LDC/KEDCF/15-16(70) Republic of the Union of Myanmar Myanmar IT...
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Shell begins review of BG Myanmar assets
Royal Dutch Shell has embarked on a detailed review of BG Group’s assets in Myanmar after the international oil giant completed a US$53 billion acquisition of its British rival on February 15. The two...
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Myanmar gets a taste of Singapore
Independent operators and established restaurant chains from Singapore are making inroads into Myanmar’s nascent dining scene. YANGON: Myanmar is turning into a hot culinary destination with delights...
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Jade Trade: Official Export Earnings Down for 2015
RANGOON — Revenue derived from Burma’s official jade exports declined in the first nine months of the 2015-16 fiscal year, as the lucrative industry continues to draw fire over safety, ethical and...
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Kachin State Authorities Continue Illegal Timber Seizures, Myanmar Official Says
Kachin state government authorities in northern Myanmar seized more than 20,000 metric tons (22,046 U.S. tons) of illegal timber near the country’s border with China over the last five years, a...
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Yangon’s real estate market cools down in 2015
Over the past several years, Myanmar’s economic capital of Yangon has enjoyed a flurry of real estate activity following the loosening of military rule and a gradual process of liberalisation....
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Aung San Suu Kyi inspires University of Oxford to help Myanmar
Aung San Suu Kyi was given an honorary doctorate in civil law by the University of Oxford in 1993. Yet it was only in 2012, after many years of house arrest in Myanmar, that she was able to come and...
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Myanmar’s citizens look to English language to bring better prospects
As Myanmar opens up to the world, there is an increasing demand for English, especially for those who want to climb the corporate ladder. YANGON: Just six months ago, Min Sithu Maung could barely...
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Yangon’s friendly shark and his secrets to cuisine success
For 16 years, Sharky’s has satisfied Yangonite’s cravings for delectable cheeses, breads, gelato and cured meats, to name but a few of its luxurious offerings. During the decades Myanmar spent as an...
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Mon State Cement Plant Nearing Completion amid Ongoing Opposition
RANGOON — A Thai-backed cement factory under construction in Mon State is on track to begin operations in mid-2016, the company said this week, despite ongoing opposition from locals over the presence...
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Anger in tourism industry after govt bans Bagan sunset viewing
Tourism industry leaders in Bagan have condemned a Ministry of Culture decision to ban visitors from climbing on ancient pagodas in the world-renowned archaeological zone. Watching the sunset from the...
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Tourist arrivals in Nay Pyi Taw Airport slump
Nay Pyi Taw Airport received local and foreign 27,390 tourists last fiscal year. This number has declined by over 10,000 in the current fiscal year. Among domestic flights, only Myanmar National...
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Tay Za-Owned Hotel Barred from Hosting Political Trainings
RANGOON — A hotel owned by Burmese business tycoon Tay Za in the country’s capital has been warned by the Naypyidaw Council against sponsoring trainings for political parties. The notification letter,...
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To Court or Clamp Down? The NLD and Burma’s Cronies
RANGOON — With the National League for Democracy (NLD) set to take power on April 1, political and economic observers will be closely watching for change, including whether the rampant cronyism that...
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World Bank Pledges Ongoing Development Support for Burma
RANGOON — The World Bank’s vice president for East Asia and the Pacific pledged to continue development support for Burma, according to a statement released on Monday following a meeting in Naypyidaw...
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Burma’s Income Tax Code Clarified
RANGOON — Burma’s Internal Revenue Department released a notice on Friday regarding changes to the individual income taxation system for the 2016-17 fiscal year, including specific measures regarding...
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