CB Bank chair to open industrial zone

The chair of one of Myanmar’s largest banks is turning his hand to a new sector, with a plan to open Taungoo township’s first industrial zone, which he hopes will entice hundreds of thousands of migrant workers back to the area. Chair of Co-operative Bank U Khin Maung Aye also chairs the Kaung Myanmar Aung […]

Permitted investments, local and foreign, on the increase

They were commenting on the announcement by the Directorate of Investment and Companies Administration (DICA) that Myanmar Investment Commission (MIC) had permitted 204 local and overseas investments in the first six months of the current financial year. MIC handed out 27 permits in September alone. The 204 permits granted so far this year represent a […]

Doctors hang up their coats

The day Min Khite Soe San hung up his doctor’s coat for the last time was one of the happiest of his life. Like many other young people in Myanmar, Min Khite Soe San – who is now a well-known writer – studied medicine because of pressure from his family, who taught him from a […]

Underwriters under the microscope

The chosen firms are now being vetted by other government departments to ensure they are being funded through clean money, he said in an interview yesterday. Dr Maung Maung Thein also declined to announce which firms have been selected, saying only that the information will be available on October 1. A total of 20 applications […]

Businesses worry red tape will remain an obstacle despite reforms

Cutting red tape in line with regional standards is going to be an uphill struggle for many government departments, experts said, as the government has instructed its ministries to simplify bureaucratic procedures to meet ASEAN standards by the end of March. U Tin Maung Than, director and senior research fellow of Myanmar Development Resource Institute […]