FFI Project to Maximise Timber Benefits for Myanmar Communities

UK-based Fauna & Flora International (FFI) has launched a project in a bid to enable timber trading communities in Myanmar to reap the economic benefits out of new timber rules, the nature conservation group said. In Myanmar, nearly 120,000 acres of forest are now managed by 745 community groups with 30-year licences under a government […]

Myanmar firms compete for place on Yangon Stock Exchange

Yangon – Myanmar will allow five companies to be listed on the Yangon Stock Exchange when it is launched next year, local media reports said Monday. “Six local public companies have applied to be listed on the Yangon Stock Exchange and we have already granted permission to two companies,” Deputy Finance Minister Maung Maung Thein […]

IRD launches special taxation office

The Internal Revenue Department (IRD) has launched a taxation office on April 1 to improve tax services for large businesses and corporations. Experienced tax officers have been hired to provide high quality services at the newly opened Large Taxation Office, which will work together with the taxpayers to provide accurate information on filing taxes. The […]

Nissan to invest more than US$ 200 million in Myanmar

YANGON—Nissan will invest more than US$ 200 million (Ks 197.4 billion) for an auto factory construction project to be built on 100 acres of land in the Bago Region, said Aye Tun from the United Diamond Motor Company (UDMC). The e-garage subsidiary of Malaysia-based Tan Chong Group, which is manufacturing and distributing Nissan brands, had […]

Myanmar launches construction and housing development bank

Myanmar has officially opened a first-of-its-kind bank yesterday in its commercial capital “Yangon”, according to sources. Construction and Housing Development (CHD) Bank was opened on January 11 at No.60, Shwe Dagon Pagoda Road, Dagon Township in the capital. Long-term personal loans for buying houses, apartment and condo flats are now available from the bank, according […]

US-accredited MBA program launches

Myanmar Metropolitan College in Yangon’s Lanmadaw township has launched the country’s first US-accredited Master’s of Business Administration (MBA) program, the school announced. The MBA program draws materials from the University of the Potomac in Washington DC in the United States, as well as Switzerland’s University of Business and International Studies (UBIS), according to Daw Myin […]

Duo of IP firms join Myanmar flood

Another two international firms have joined the growing rush into Myanmar, with UK IP firm Rouse and South East Asian firm Tilleke & Gibbins both expanding into the country. Rouse’s Myanmar office, based in Yangon, is the firm’s sixteenth location. Led by partner and Thailand country manager Fabrice Mattei, the office will offer filing and […]

Telenor Myanmar invites distribution partners and franchisees

YANGON—Telenor Myanmar announced yesterday that it has launched a partner programme in preparation for the rapid rollout of a modern telecommunications network in Myanmar. The programme will create new business opportunities for local businesses and entrepreneurs looking to become authorized distributors and franchisees of Telenor’s products and services for customers in Myanmar. The Norway-based telecommunications […]