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No need to seek approval from MIC for investment except for businesses with...
Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments. Those investment businesses...
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New hotel construction prohibited in Yangon, Mandalay, Taunggyi, Nyaung Shwe...
Construction of new hotels has been halted in Yangon, Mandalay, Taunggyi, Nyaung Shwe and Kalaw due to the burgeoning number of rooms at hotels, motels and guest houses that far outnumber the demand...
View ArticleMyanma Railways Bid Amendments. Closing Date 3 Nov 2016
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YCDC eyes business district development in Yankin
A Yangon City Development Committee proposal to establish a business district in Yankin township has been met with mixed responses from local developers, with one firm suggesting the area is already...
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Ministry gets tough on licences for foreign guests
Guesthouse owners have criticised a government decision they say will stop them taking in foreign tourists. Under the law, owners who let rooms to foreign guests without a licence could be jailed for...
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Myanmar’s organic chilies hot stuff in Singapore
a further twenty-two tonnes of organic chilies, planted by the Pioneer Star Company in Mandalay Region, will be exported to Singapore, the company has told Myitmakha News Agency. The second...
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China stands as largest investor in Myanmar’s power sector
China has topped the foreign investors line-up of power sector of Myanmar for four months of this fiscal year 2016-2017, official media reported Thursday. China invested in five projects in electric...
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Myanmar marine tourism gaining luxury reputation
Myanmar’s Mergui archipelago is gaining favour among luxury travelers in the international marketplace, according to a new report from C9 Hotelworks. The region only became accessible to tourists in...
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HK, South Korea eye clothing factories
Companies from Hong Kong and South Korea have submitted proposals to establish garment factories and whole industrial zones to the Myanmar Investment Commission. Now the MIC was discussing potential...
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Myanmar agents grapple with slowdown in arrivals – TTG Asia
TRAVEL agents in Myanmar are concerned about flatlining arrival numbers after experiencing a boom in recent years. Figures from the Ministry of Hotels and Tourism reveal foreign arrivals soared from...
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Yangon-Dala bridge construction to begin after tender process; says Union...
Construction works will kick off on the Yangon-Dala Bridge following a tender for companies to build it, Union Minister for Construction U Win Khaing told the Pyithu Hluttaw yesterday, adding that the...
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Hot-air ballooning transport to launch in October
Hot -air ballooning transport will resume in October after a four-month suspension due to weather conditions, said an official from the Ministry of Hotels and Tourism. Hot-air ballooning in Myanmar is...
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Chinese companies showing interest in Myanmar avocados
A number of Chinese companies have plans to visit Myanmar and meet with local traders to start Importing avocados, according to the Myanmar Fruit and Vegetable Producers Association (MFVP). The MFVP...
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Laws Need to be Updated to Attract Foreign Investment: MIC Secretary
Foreign investment has been increasing in Myanmar, but for the trend to continue, the government needs to update some of its antiquated laws to protect investors, according to secretary of Myanmar...
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More transparency needed from local business: MCRB
A select few Myanmar firms display a higher level of transparency than most of their ASEAN peers, but many large companies continue to show little interest in disclosure – even when legally required –...
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Myanmar scraps loathed ‘midnight inspections’ law
YANGON (AFP) – Myanmar is scrapping part of a hated law that forced people to report overnight guests and was used by authorities to barge into houses late at night, often targeting activists. The...
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Myanmar Investment Law to be enacted soon, says DICA director
A draft of the long-awaited Myanmar Investment Law has been submitted to parliament and will be passed soon, bringing a more strategic and nuanced approach to tax exemption in addition to simplifying...
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New US trade preferences highlight challenges for Myanmar exporters
Myanmar’s business sector has welcomed US plans to lift almost all remaining sanctions against the country and reinstitute special trade preferences, but some industries could find it hard to take...
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Thai Finance Firm Group Lease to Buy Myanmar Microfinance Business
Thai motorcycle lessor Group Lease PCL plans to buy 71.9 percent of BG Microfinance Myanmar from Sri Lanka’s Commercial Credit and Finance PLC for an unspecified amount, to take advantage of rising...
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Duty isn’t enough to boost tax revenue
In the past few weeks, colourful signboards have been erected around Yangon reminding people of their obligation to pay tax. An anthropomorphised cartoon map of Myanmar – eyes wide – proudly gives a...
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