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Myanmar pushes for more hydropower projects
NAY PYI TAW, YANGON – The Ministry of Electric Power reiterated the necessity of hydropower projects, citing an increase in power demand. Htein Lwin, permanent secretary at the Ministry of Electric...
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Aeon’s Myanmar debut marks milestone in reformr
August 14, 2016 7:00 am JST A new joint venture will take over Orange stores like this one in Yangon. YANGON — The approval of Japanese retailer Aeon to open up shop in Myanmar is a hallmark of the...
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Sule Square Project Stalled in Negotiations
RANGOON — The Sule Square project in Burma’s commercial capital of Rangoon is still under negotiation with the city’s municipal body to secure final approval of its construction, the Yangon City...
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Jade and Redwood Traders Struggle in China
China’s jade and redwood traders are seeking to diversify their business as domestic demand drops and the Myanmar’s new government tightening its grip over natural resources. “The sales of high-end...
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MoHT expands ecotourism destinations
the Ministry of Hotels and Tourism has announced they will open up 22 regions of the country to ecotourism for both foreign and local travelers. Efforts to design the government-backed Ecotourism Plan...
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Five restricted export goods relaxed by Union Government
Restrictions on five out of 12 controlled export goods have been relaxed by the Union Government, it is learnt from the Ministry of Commerce. Previously restricted for export were sesame oil, mustard...
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Sagaing farmers lack interest in cultivating chemical-free betel
Farmers from Sagaing Region’s Shwebo district have voiced a lack of interest in cultivating betel plants using natural products in lieu of chemicals, despite the absence of dangers to the health of...
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MEB, six private banks to lease K30 billion to SMEs
Myanma Economic Bank, teaming up with six private banks will give K30 billion loans to small and medium enterprises (SMEs), according to Ministry of Industry. The country’s SMEs can acquire loans from...
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Korean firms to be invited to build Yangon-Dala bridge
A Tender for private companies to build a multi-million-dollar suspension bridge connecting downtown Yangon with sleepy Dala township will be called “soon”, but only for Korean firms, the Ministry of...
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Soft-shell crab businessmen faced with difficulty from low demand from abroad
The low demand from foreign countries is making it difficult for the soft-shell crab businessmen, it is learnt. The soft-shell crabs are mainly exported to Japan. Previously, the soft-shell crabs sold...
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YCDC to upgrade Strategic Urban Development Plan for Greater Yangon
The Yangon City Development Committee (YCDC) has announced that it will upgrade the Strategic Urban Development Plan for Greater Yangon to bring it into harmony with the modern era. The upgraded plan...
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Ministry to allow local and foreign investment forest plantation projects
Approval of the present government will be given to forest plantation projects involving local and foreign investments in forest reserves and protected forest areas, Union Minister for Natural...
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Banks mull taking shares as collateral
Investors in Yangon Stock Exchange-listed firms could soon be able to use their shares to access bank loans. The YSX is in discussions with listed companies and lenders about a system for posting...
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Mandalay trader petitions for mining halt
A Mandalay trader is circulating a petition calling for an immediate but temporary halt to jade mining and a revamp of export procedures, warning the Mandalay market could be headed for disaster if...
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hree ministries clarify undertakings in first 100 days
THE second press conference on the Union government’s undertakings in the first 100 days was held in Nay Pyi Taw yesterday. The following is the brief of the ministries present at the conference. U...
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AYA BANK launches the First Universal JCB-MPU co-brand cards
AYA Bank launched the first JCB credit and debit card as AYA Universal MPU-JCB Co-Brand cards in Myanmar yesterday, becoming the first in the country to issue Japanese JCB credit and debit cards. The...
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Garment industry expected to earn US$10 billion from export in a decade
The export value from the garment industry under Cutting-Making and Packing (CMP) system is expected to fetch up to US$10billion in a decade, it is learnt from Myanmar Garment Manufacturers...
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Ooredoo hits half a million on 4G
Ooredoo has racked up half a million 4G users since it became the first telecoms operator to roll out fourth-generation services in Myanmar in May, and is looking forward to a planned spectrum auction...
View ArticleMyanma Timber Enterprise Invitation For Open Tender held on 26 & 29 August 2016
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Presidential order reinstates study for proposed 6,000-MW Myitsone...
According to a presidential order issued Aug. 12 by the Myanmar government, a commission will form to examine the 6,000-MW Myitsone hydropower project proposed for Kachin, Mynamar. Locally published...
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