Myanmar News Updated
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Thai, Myanmar Hotel Operators Sign MOU for Myanmar Hotel Projects
AUTHOR: TIN MG OO Centara Hotels & Resorts and KMA Hotels Group, a subsidiary of Kaung Myanmar Aung (KMA) Group of Companies, have announced the signing of a MOU to begin the development and renovation of 6 hotels located at some of Myanmar’s most popular tourist destinations, all to be managed under Centara brands. Work on the project will begin in 2019.
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21/05/2019 -
80 Priority Projects Unveiled by Yangon Regional Government
AUTHOR: SWE LEI MON Yangon’s Regional Government has introduced to the public its plans for 80 priority projects in the Yangon Region. The initiative spreads across multiple sectors, including real estate, industrial zones, roads, ports, and other urban infrastructure developments. It is to be financed by the Yangon Project Bank, and hopes to evoke more participation from the private sector in ...
Read More21/05/2019 -
Four Ministries Spend Over K9 Billion From President’s Emergency Fund
AUTHOR: SWE LEI MON From the beginning of the current fiscal year to date, four ministries of the government have used over K9 billion of the President’s K100 billion Emergency Fund. This report comes from data sent to the Union Parliament (Pyitaungsu Hluttaw) by the President.
Read More21/05/2019 -
DAWN and Software Group Team Up to Accelerate Financial Inclusion in Myanmar
AUTHOR: EI THANDAR TUN Early Dawn Microfinance Company, Ltd. (DAWN) is partnering up with the global technology company Software Group to provide efficient and affordable financial services to Myanmar’s people. The institution will implement a Digital Field Application (DFA) solution to improve operations in the field, streamline operational workflows, and improve convenience for clients.
Read More21/05/2019 -
Yangon American International School Opens Its Doors
AUTHOR: SWE LEI MON Yangon American International School is a new K-12 international school in Myanmar, and has officially opened the doors to its 25,000 square foot campus. The facility — located at Yangon-Insein Road in Hlaing Township, Yangon — is a sizable investment with state-of-the-art facilities.
Read More21/05/2019 -
Myanmar Tourism Bank Launches to Support Tourism
AUTHOR: EI THANDAR TUN Myanmar Tourism Bank (MTB), the very first of its kind in the country, was launched on May 6 with the aim of supporting tourism sector in the country.
Read More21/05/2019 -
Myanmar’s Reaches High with Satellite Plan
AUTHOR: SWE LEI MON Myanmar will start implementing a long-term project to launch its own Earth Observation Satellite in Fis-cal Year (FY) 2020, according to the Ministry of Transport and Communication. "Hokkaido University [Japan] and Myanmar Aerospace Engineering University are collaborating in order to launch an Earth Observation Satellite (EOS) in the third phase of Myanmar’s satellite plan.
Read More21/05/2019 -
Yangon Region Receives $22 Billion FDI in Six Years
AUTHOR: TIN MG OO The Yangon Region has received $22 billion in Foreign Direct Investment (FDI) over the last six years, according to U Phyo Min Thein at the Yangon Investment Forum held on May 10.
Read More21/05/2019 -
Thailand-Myanmar Trade Center to be Opened
AUTHOR: ZIN THU TUN With the aim of promoting improved trade ties and investment between the two countries, the Thailand-Myanmar Trade Center will be opened in a new three-story building located in Thingangyun Township, Yangon.
Read More21/05/2019 -
Myanmar Government Plans to Address Land Use Issues for Livestock Breeders
AUTHOR: TIN MG OO According to the Farmland Law of 2012, using farmlands for any purpose except farming is prohibited. Penalties and fines for non-compliance could include six months to two years of imprisonment, a fine ranging between K300,000-500,000, eviction, or the loss of on-site assets. This has caused problems for those who wish to breed livestock or fish, and who need valuable land space
Read More15/05/2019
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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.
Read More02/04/2019 -
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.
Read More02/04/2019 -
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
