Vietnamese Telecom Viettel to Invest $2bn in Myanmar Over Five Years

VIETTEL, Viet Nam’s largest mobile network operator, is expected to make US$2 billion investment in Myanmar’s telecom sector within five years, with plans to launch its service business next year, it is learnt. The Vietnamese group operates in ten countries in Asia, Africa and America, and will provide its telecommunications services for Myanmar people in […]

Yangon to Run Quake-Resistance Tests

Yangon Mayor Maung Maung Soe said the city’s public buildings would be tested to see if they were resistant to earthquakes.  He addressed Yangon Region parliament on Thursday in reply to MP Thein Myint of Tamwe who raised a question on Yangon’s quake resistance.  The MP said: “Some buildings were not built in line with the law and quality standards that can withstand earthquake in the past 50 years. The authorities had flaws when […]

Bootleggers Protest for Right to Sell DVDs

About 50 foreign DVD bootleggers gathered in Bahan township’s Bo Sein Hman field yeste The vendors opposed the recent government announcement that rules and regulations about distributing DVDs in Myanmar will be enforced. DVDs without censor stickers on them may not be sold or distributed. Those who do can be imprisoned for three years and face a […]

GE’s Advanced F-Class Turbine to Power Thaton Combined-Cycle Power Plant

General Electric (NYSE: GE) announced yesterday the order of two high-efficiency 6F.01 gas turbines and associated equipment by China Energy Engineering Group HEPDI (CEEC) that will power a new 119 MW combined-cycle power plant in Thaton, Myanmar. This project was administered by the Electric Power Generation Enterprise (EPGE), a state-owned utility under the Ministry of […]

CHDB to offer instalment system for government’s low and fair cost apartments

Construction and Housing Development Bank (CHDB) will offer an installment system for the low-cost and fair-cost housing apartments which the government will soon offer for sale, it is learnt from CHDB. The low-cost housing apartments will sell for between Ks9.7million to 13.4million per home, with each 19×25 unit. Those who want to buy those apartments […]

Calls for Yangon Govt to Halt Rising Price of Fish and Poultry

Concerns have been raised in parliament over the rising cost of poultry and fish prices at the market. Speaking during a sitting of the Yangon Region parliament on October 12, U Han Htun, Yangon Region minister for agriculture, livestock, forestry and energy, said research was needed to understand the steep increases in market prices for […]

Export Volume of Mussels From Kyaukphyu to China Declines Due to Unstable Price

The drop in export volume of mussels mostly found in Kyaukphyu is attributed to the unstable price of mussels and irregular demand from China, it is learnt from the mussel depots. Around 2,000 to 7,000 viss of mussels are usually exported from the Kyaukphyu area to the China market per month. However, only 1,000-2,000 viss […]

Nearly 1,300 motor vehicles unclaimed at Yangon ports for over a year

Nearly 1,300 cars which have gone unclaimed at Yangon ports for over a year will be confiscated and not allowed to be withdrawn even with payment of fines, it is learnt from the Myanma Port Authority. Ships load motor vehicles at seven ports — Myanmar International Terminals Thilawa, No.4 Thilawa Port, Myanmar Industrial Port, Sule […]

Myanmar plans to increase FDI in agriculture sector

In a bid to increase investments in the local farm sector, the Directorate of Investment and Company Administration is planning to link the agriculture and industry sectors, its deputy director-general said. Currently, only 0.15 percent of foreign direct investment flowed into the country’s agriculture industry. That is why the government has arranged to link the […]

Commerce ministry allows re-export licensing for more commodities

The Ministry of Commerce will continue to issue licences for re-exporting because of the foreign market’s demand and the local production process. Over 20 categories of commodities are re-exported to other foreign countries after being locally reproduced at its origin. The main categories of re-export are sugar, fuel oil (diesel) and betel nut. Sugar exports […]