Myanmar News Updated
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YIA Runway Closure Highlights The Need for Hanthawaddy International Airport
Author: Andrew Johnson Senior Editor MBT :A military aircraft was involved in an incident at Yangon International Airport on September 5, and runway operations were closed at 11:20 am, according to a travel advisory from Yangon Aerodrome Company Limited (YACL).
10/09/2019
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Hilton Continues to Invest in Myanmar’s Hospitality Sector
Author: Myo Sandar : Myanmar has been focused on boosting the hospitality industry, and is now creating more tourist destinations, easing visa requirements, inviting travel bloggers and vloggers, and appointing tourism ambassadors. As a result, the Myanmar government expects to welcome up to seven million tourists into the country by 2020.
10/09/2019
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ELMA 2019 Awards Given to 3 Standouts for Logistics Management
Author: Myanmar Business Today : Miss Banjongjitt Angsusingh, Director General of the Department of International Trade Promotion, revealed that DITP had organized the award presentation ceremony of the Excellent Logistics Management Award 2019 (ELMA 2019) for 3 winners who stood out in logistics management
04/09/2019
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PTTEP’s 30th Anniversary Gala Dinner Celebrated in Yangon
Author: Myanmar Business Today :PTTEP Myanmar celebrated their 30th Anniversary Gala Dinner at Novotel Yangon Max Hotel on June 21, 2019.
30/07/2019
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Thai-Myanmar Business Matching Event Held in Yangon
Author: Myo Sandar : The second Thai-Myanmar Business Matching event for Printing and Packaging Innovation was held in Yangon. The event was held with the goal to network local businesses and Thai owned businesses. The event was held on July 25 at the Novotel hotel in Yangon.
30/07/2019
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UMFCCI 2019 Expo to Promote Export; Local Businessmen Invited to Participate
Author: Myo Sandar: This year marks the 100th anniversary of the leading local chamber of commerce, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The organization is now planning to hold a UMFCCI Centennial International Expo 2019 in order to commemorate the anniversary.
23/07/2019
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Foreign Investors to be Allowed to Purchase Stocks on the YSX
Author: Zin Thu Tun : On July 12, the Securities and Exchange Commission of Myanmar (SECM) issued an announcement allowing both foreign and local/foreign entities to purchase stock shares on the Yangon Stock Exchange (YSX).
23/07/2019
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Tunn Star Logistics Opens New 60,000-Square Foot Warehouse
Author: Ei Thandar Tun: In order to store more product and increase their distribution capacity, on July 3, 2019. the Tunn Star Logistics Company opened a new 60,000-square foot warehouse in Mingaladon Industrial Zone. The company will store around two million liters of engine oil in the new facility, and thence distribute them across the country.
16/07/2019
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Foreign Companies Interested in Power Sector
Author: Zin Thu Tun :Companies from Japan, South Korea, Thailand and China are inquiring to make investments in the Myanmar electricity sector, according to U Thant Sin Lwin, Acting Director General of the Directorate of Investment and Company Administration.
16/07/2019
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Myanmar Thilawa SEZ Holdings Plan New Shopping Center
Author: Zin Thu Tun : Myanmar Thilawa SEZ Holdings Public, Ltd. (MTSH), has said that it is going to develop a shopping center in the Residential and Commercial Area of Thilawa SEZ’s Zone A. The area where the shopping center will be built is located near Thanlyin Market, Kyaik Khauk Pagoda, the universities, and the jetty. Thus, it will enjoy easy access to public transportation.
16/07/2019
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5 Key Potential Investment Sectors for Thai Investors
Author : Nattawin Phongsphetrarat, vice president of Thai Business Association of Myanmar (TBAM). " One of the very famous questions that has always been asked by the Thai investors for Myanmar is what the high potential business sectors are for Thai business. " There are many sectors that have high potential but TBAM committees have analyzed that these 5 sectors are the key potential
08/04/2019
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Telenor Holds Sustainable Business Briefing
AUTHOR: EI THANDAR TUN Telenor Myanmar hosted its 6th annual sustainability briefing to present an update on its ongoing and new sustainability initiatives within Myanmar. The presentation focused on key sustainability areas contributing to sustainable and responsible growth as Myanmar moves toward digital society. Key initiatives include Mobile Connectivity, Impact on Economy, Supply Chain Integrity, improving Safety, Operations in Ethnic Areas, Tackling Hate Speech and Empowering Society.
02/04/2019
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Telecom Operators Allowed to Sell Only 2 SIM Cards Per ID Card
AUTHOR: SWE LEI MON Telecom operators are not allowed to sell more than two SIM cards to an individual starting from April 1. The purpose of the change is to protect the privacy of users, according to the Department of Post and Telecommunications under Ministry of Transport and Communications. The Ministry has ordered all operators not to sell more than two SIM cards per identity card, and the Ministry will ban all other sim cards from that telecom from being registered under a single ID card. The reason is twofold.
02/04/2019
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Yangon Real Estate Only Seeing Demand for Rentals
AUTHOR: HTWAL SAN Due lack of investment in Yangon’s real estate sector, there is very little demand for real estate properties with exception of rental properties, according to local real estate agents. “Investment in real estate is very low and thus the real estate market is inactive. There is only demand for rental properties. Before, the prices were set based on location. But now there is no set price. If you like the price, you will sell it or buy it,” Daw Moh Moh Aung, Secretary of Myanmar Real Estate Services Association, said.
02/04/2019
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MDA Requests Government to Finalize Apartment Bill
AUTHOR: HMONE LAY Myanmar Developer Association (MDA) has made a request for government to prepare the Apartment Bill as soon as possible in order to protect apartment buyers. The law will allow for two things. First it enables apartment owners to legally register, sell or sub-lease their apartments in accordance with law, and secondly, the government will be able to legally collect tax on the sale of the apartment.
02/04/2019
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