Myanmar commercial capital to get $293 million rail upgrade

YANGON – Myanmar has approved the overhaul of a circular rail system in its commercial capital, Yangon, in a step towards modernising a city choked by traffic jams and under pressure from an influx of migrants lured by an expanding economy. The US$207-million (S$293 million) Japan-funded upgrade to the 48-km (30-mile) system will focus on […]

Fourth Telco Licence in The Offing

The Ministry of Communications and Information Technology (MCIT) has invited proposals from local public companies to provide telecommunications services jointly with a foreign firm in the country. This is the fourth telecom licence being offered by the authorities after Myanmar liberalised its telecommunications sector last year by dishing out operating licences to two foreign operators […]

Stock market delayed due to election

The launch of the Yangon Stock Exchange has been pushed back until after the November 8 election, according to deputy finance minister Dr Maung Maung Thein. The stock exchange had initially been scheduled to be launched in late October, but the new date is roughly scheduled to be the third or fourth week of November […]

Thilawa interest coming from Japan

Over half of the 42 companies that have committed to building in Thilawa special economic zone are Japanese firms, according to U Myint Zaw, general manager of Myanmar Japan Thilawa Development. While there are currently no factories up and running at the site, construction is moving forward and some of the factories ought to be […]

More than 100 companies bid for Myanmar’s stock exchange service provider licenses

More than 100 private security companies have so far bid for service provider licenses for establishing Myanmar’s first ever stock exchange in Yangon, according to the Securities and Exchange Commission on Wednesday. The commission, chaired by Deputy Finance Minister Dr. Maung Maung Thein, has started inviting applications for service providers for the establishment since Jan. […]