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 […]

Banking – another business step of Shwe Than Lwin

The business empire under Shwe Than Lwin has proposed to open a financial institution, Shwe Rural and Urban Development Bank. In the application for commercial and investment banking license, Shwe Than Lwin said the initial investment capital would be Ks 10 billion, partly financed by the profit earnings from the sale Sky Net TV signal […]

Oceanic leads Myanmar’s mobile hook-up

Wellington-based Oceanic Communications has taken giant strides into what is considered one of the world’s last two bastions of mobile phone networks, Myanmar. Oceanic is part of a successful bid by global communications giant Ooredoo for one of two mobile phone licences awarded to private companies by the Myanmar (formerly Burma) Government. Ooredoo is building […]

Central Bank makes first step to licensing foreign banks

Foreign banks with representative offices in Myanmar have been invited to submit “expressions of interest” to the Central Bank of Myanmar, the first step in allowing foreign banks to operate in Myanmar, according to officials. Letters requesting “expressions of interest” were sent out earlier this month and are due on May 30, said a Nay […]

Former MOFA office reopened as business centre

YANGON—The former office of the Ministry of Foreign Affairs on Pyay Road was reopened on Wednesday as a business centre for embassies and companies, according to the Youth Force Hotel Co, which signed the contract with the government to operate the project. The colonial-era building was renovated without changing its architecture at a cost of […]

Myanmar’s parliament approves telecommunications bill

Myanmar’s Union Parliament on Tuesday approved a bill to promote the country’s telecommunication sector, according to parliament sources. The telecommunications law calls for the development of the country with telecommunications technology and more participation by private sectors in developing the telecommunications sector. In the approved telecommunications bill, foreign telecom companies are allowed to operate in […]

Illegal car trading occurs along Myanmar border

Cars are being illegally imported to Myanmar through forty routes along Myanmar border, according to the Deputy Minister Dr. Pwint San of the Ministry of Commerce on July 23 at Naypyitaw. From 2011-2012 financial year to 2013 June in new Government administration, more than 2007 cars without license have been seized in three states, and […]