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Yangon Region Approves New Investments
AUTHOR: TIN MG OO Yangon Region Investment Committee on June 27 approved seven foreign investment proposals and one local investment proposal. The foreign investments total $8 million, the local investment is worth K2.5 billion. The investments are expected to create over 3,000 jobs opportunities.
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08/07/2019 -
Japanese Companies Plan to Build 1000-MW Powerplant in Myanmar
AUTHOR: TIN MG OO According to U Zaw Min Win, Chairman of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), Japanese companies are planning to build a new power project in Myanmar that will be capable of producing 1,000 megawatts (MW) of electricity per year.
Read More08/07/2019 -
Vice President Encourages Overseas Investment Based on Reliable Information
AUTHOR: TIN MG OO When local businessmen are planning to make investments in foreign countries, U Myint Swe, Vice President of Myanmar, is urging them to contact Myanmar’s Minister Counsellor for Economic Affairs, so that they can obtain information on the economic environment of those countries.
Read More08/07/2019 -
Solar Power Plant Opens in Magway
AUTHOR: ZIN THU TUN Thailand’s Green Earth Power (GEP Myanmar Company Limited) on June 28 launched its $290 million solar power plant in Saku Township, Minbu District in Magway Region.
Read More08/07/2019 -
KBZ Bank Forges Path to the Future with New Mobile Wallet Service
AUTHOR: EI THANDAR TUN On June 26, KBZ Bank, a leading local lender, introduced a mobile wallet service. It allows users to withdraw money at any KBZ ATM machine across the country, without needing a card to do so.
Read More08/07/2019 -
YCDC Approves 10 High Rise Buildings
AUTHOR: MYO SANDAR Yangon City Development Committee (YCDC) has now approved 10 high-rise buildings in nine townships across Yangon.
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Yangon to Start Housing Projects for Squatters This August
AUTHOR: EI THANDAR TUN Yangon Regional Government will start building housing projects for illegal squatters on government-owned land in six Yangon townships.
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Yangon to Build Automated Car Parks to Alleviate Parking Congestion
AUTHOR: EI THANDAR TUN Faced with ongoing issues with a lack of automobile parking spaces, the Yangon Regional Government is taking steps to remedy the issue. Earlier this year, the government invited investors to submit a Request for Proposal, and now it is inviting tender applications to build smart parking lots in six Yangon townships: Latha, Pabedan, Lanmadaw, Kyauktada, Pazundaung, and ...
Read More08/07/2019 -
New Smart Licenses to Combat Counterfeiters
AUTHOR: EI THANDAR TUN After encountering counterfeit driver’s licenses, the Department of Road Transport Administration announced that beginning July 1, drivers can exchange their current license for a smart card that features better security measures.
Read More08/07/2019 -
Yangon to See Increased Electricity Rates
Author: Ei Thandar Tun :The Ministry of Electricity and Energy announced that it will raise the rate for electricity in Myanmar starting from July 1. The rate increase will generate more revenue from the ever-loss-making industry, the revenue will be used to improve power generation, distribution and increase access to electricity
Read More02/07/2019
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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
Read More08/04/2019 -
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.
Read More02/04/2019 -
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.
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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.
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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.
Read More02/04/2019
