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Targeted Myanmar tycoon may profit from US sanctions changes
YANGON, May 18 (Reuters) – Standing among the party seeing off Myanmar’s new president as he left for Russia on Wednesday was leading businessman Htun Myint Naing, better known as Steven Law. Only the...
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SL Agritech says hybrid rice trial in Myanmar successful
A hybrid rice field trial in Myanmar has yielded 150 metric tons of seed per hectare over 100 hectares in Yangon’s Dagon township, proving Myanmar can be a viable production site for the Philippines’...
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REQUEST FOR EXPRESSIONS OF INTEREST Ayeyarwady Integrated River Basin...
Assignment Title: Environmental and Social Impact Assessment (ESIA), Strategic Environmental and Social Assessment (SESA) and Environmental and Social Management Plan (ESMP) Monitoring and Reporting...
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REQUEST FOR EXPRESSION OF INTEREST National Community Driven Development...
The Republic of the Union of Myanmar has received financing from the World Bank towards the cost of the National Community Driven Development Project. The Department of Rural Development of the...
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Commerce ministry to tackle container crisis and trade delays
Government departments need to negotiate to solve logistics problems at Yangon Port as soon as possible, while a Trade Facilitation Committee – set up under the previous government – will be fully...
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Financial system to struggle despite sanctions relief
Amendment to US sanctions against Myanmar aimed at supporting economic growth still leave an array of barriers to trade between the two countries. Effective yesterday, the United States removed three...
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Myanmar firms take fancy to helicopters
Bell Helicopter is taking its 412 EPI model on a five-month demonstration tour across Asia-Pacific starting in Myanmar, where private sector firms have begun to show an interest in helicopters,...
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YCDC members accept termination
In a sudden reversal less than 24 hours after staging a power grab, Yangon City Development Committee members have agreed to step down. City Hall has been thrown into turmoil since Mayor U Maung Maung...
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Extension of US sanctions ‘will not hurt us’: Myanmar’s Aung San Suu Kyi
NAY PYI TAW: The extension of US sanctions on Myanmar will not hurt the country, said Myanmar’s State Counsellor and Foreign Minister, Aung San Suu Kyi on Wednesday (May 18). Her first public remarks...
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Keppel Land builds up Myanmar presence with expansions
Keppel Land is strengthening its hotel and commercial portfolio in Yangon, Myanmar’s rapidly developing leading city. The Singapore-listed property firm yesterday held a topping-off ceremony for its...
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Going the distance to fuel production, value: SC Auto
While many firms struggle with raising demand for their products, SC Auto used to face the opposite challenge: The bus-maker lacked the capacity and manpower to handle the sheer volume of its...
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India offers to aid Myanmar in boosting agriculture, healthcare
India on Thursday offered to assist Myanmar in the area of public healthcare and provide support in boosting agricultural production. The offer was made by Commerce Minister Nirmala Sitharaman at the...
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High-rise construction stopped for review
The new Yangon Region government is reviewing all high-rise building projects nine floors or higher to determine which will go ahead – even those already under construction. More than 200 high-rise...
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Cronies Disappointed As US Sanctions Extended
RANGOON — In wake of the extension of most of the US sanctions on Burma on Tuesday, several cronies have remained on the Specially Designated Nationals (SDN) list, despite the expectation that they...
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Myanmar investors flock to Yangon bourse’s second listing
SINGAPORE — Myanmar Thilawa SEZ Holdings, or MTSH, made a raucous debut Friday as the second company on Myanmar’s Yangon Stock Exchange, riding a flood of interest from the country’s burgeoning...
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Woodside Reports Higher Contingent Resource from 2 Myanmar Discoveries
Australia’s Woodside Petroleum Ltd. reported Friday an increase in its best estimate contingent resource (2C) by 83 million barrels of oil equivalent (MMboe) to 4,481 MMboe following the announcement...
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US hikes investment ceiling for Myanmar reporting
The US intends to raise the minimum amount of investment that triggers reporting requirements for its firms in Myanmar, although there are doubts that the move would trigger much of an increase in...
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Why can’t Myanmar freshwater prawns be exported aboard?
IN years past, large Myanmar freshwater prawns were exported aboard, but the current states of affairs see these prawns solely traded within the country. It is partly to do with a lower price offered...
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Construction Ministry to develop 8,000 affordable units in Yangon over two years
THE Ministry of Construction announced it will construct 8,000 affordable housing units in Yangon Region within two years according to Union Minister U Win Khaing. According to the ministry, around 40...
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Land prices in Kyaukphyu SEZ jump 50 per cent amid competitive buying
LAND within the demarcated area of the yet-to-be-built Kyaukphyu Special Economic Zone (SEZ), located in Myanmar’s western Rakhine State, went on sale in January of this year to competitive...
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