No green light for Yangon New City Project

Yangon Region Minister for Forestry and Energy Kyaw Soe yesterday denied a rumour that the regional government granted a permit for the Yangon New City Project to Myanmar Saytanar Myothit Public Company. “We have not given the green light to any company. It is under scrutiny. The rumour is untrue,” he said. Many areas in […]

Myanmar president approves plan for constitution referendum – lawmakers

YANGON: Myanmar’s president has given the green light to hold a referendum this year on amendments to the country’s military-drafted constitution, two lawmakers said on Wednesday. President Thein Sein gave his approval late on Tuesday to hold the plebiscite, which could take place as early as May. Myanmar is due to hold a general election […]

China tops investor list

China is the top investor in Myanmar so far this year, according to the Directorate of Investment and Company Administration. Until the end of October, total foreign investments exceeded US$50 billion, of which US$40 billion is operating in the country. Myanmar Investment Commission (MIC) is giving the green light to local and foreign companies in […]

More insurers to get green light for US dollar services

More insurance firms will be allowed to offer services in US dollars if they can meet the same requirements that were met by the four companies that have already received approval to offer such services, according to Dr Maung Maung Thein, chairperson of the Insurance Business Supervisory Board. The government has given the green light […]