KBZ wins permission from Central Bank of Malaysia to open office in KL

KANBAWZA (KBZ) Bank announced yesterday that it got the nod from the Central Bank of Malaysia on Tuesday to open a representative office in Kuala Lumpur. “We will open the representative office in Kuala Lumpur in Malaysia in the near future. We will announce the place for the representative office and the date for the […]

Employment agencies demand relief from Malaysia visa fee hike

The Myanmar Overseas Employment Agencies Federation is attempting to clamp down on the sole visa-provider for workers headed to Malaysia. Last month, the federation requested the government wrest back control of the visa process for workers and put an end to alleged price gouging at the one-stop service centre (OSC). The centre, operated by service […]

Sule Square Project Breaches Building Regulations, Says Inspection Committee

RANGOON—The High-Rise Inspection Committee (HIC) of Rangoon’s municipal body said that the Sule Square commercial complex includes two extra floors for which the developers do not have permission to add. Construction of the 23-floor structure is nearly complete. Aung San Win, secretary of the HIC within the Yangon City Development Committee (YCDC), told The Irrawaddy […]

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project. The regional administration has asked developers involved in the project to submitted detailed plans, while the NLD-dominated parliament has warned that it will be reviewed before it is […]

Malaysian Firm Bags PTTEPI Myanmar Contract

Malaysia’s Scomi Energy Services Bhd has secured a $27.63-million, three-year contract from PTTEP International Ltd (PTTEPI) Myanmar, according to Malaysian media reports. Scomi Energy said in a Malaysian stock exchange filing that the contract was to provide drilling fluids together with solids control products, equipment and engineering solutions contract. It covered Phases 1B and 1C […]

Sixteen companies granted to operate the garment industry with CMP system

Sixteen companies have been granted permission to operate garment industries with Cutting, Making and Packing – CMP system during five months of this year, according to the Directorate of Investment and Companies Administration (DICA). Those companies will cooperate with not only local entrepreneurs but also other businessmen with the foreign investment assistance. Moreover, local MK […]