MIC pushes through dozens of investment approvals

The commission, which answers directly to the President’s Office, meets several times a month to approve foreign, joint-venture and local investments. According to MIC information dating back to January 2015, the average number of investments approved at each meeting is just under 10. No more than 20 projects have been approved at any previous meeting. […]

NLD leader’s next challenge: the bureaucracy

Staff in the four ministries soon to come under Daw Aung San Suu Kyi’s management have welcomed her appointment, telling The Myanmar Times they hope she can accelerate administrative reforms in the civil service. But analysts and insiders have cautioned that she will face myriad challenges in cleaning up the bureaucracy and upholding promises of […]

President’s Office to grant ministry land to Shwedagon developers

The President’s Office will grant ministry-owned land in Yangon to five companies, as compensation for cancelling their projects beside Shwedagon Pagoda earlier this year, a senior official said. The five large developments were to be built on Ministry of Defence land beside Myanmar’s most famous religious site, but were called off permanently in July, following […]

New Myanmar government to tighten safety after jade mine disaster

Myanmar’s newly elected government said on Tuesday that it plans to tighten safety controls at the country’s poorly regulated jade mines after a landslide swept over a mining encampment, resulting in a death toll expected to reach around 200 people. Aung San Suu Kyi’s National League for Democracy(NLD) won a resounding victory in the country’s […]

Myanmar govt, Facebook to purge hate speech accounts

The Myanmar government is set to work with Facebook to delete any accounts on the social network that post hate speech or incite personal attacks during the upcoming election, the President’s Office said. Zaw Htay, director of the President’s Office, told the Democratic Voice of Burma that the government has reviewed Facebook’s community standards, and […]

Black market for currency exchange in the crosshairs

Experts say that distrust over formal currency exchange dating back to the previous military government and more recent problems with exchange rates has kept the black market alive – though authorities are claiming they are preparing to take action. The government is planning a crackdown on those continuing to trade currencies without licences in an […]

German Industry and Commerce Delegation Launches in Myanmar

The Delegation of German Industry and Commerce has launched its operation in Myanmar in a bid to boost business and bilateral ties between the two countries. The office will be co-funded by the Association of German Chambers of Commerce and Industry (DIHK) and the German Ministry of Economic Affairs and Energy, the Delegation said in […]

Myanmar investment outreach forum to be organized in New York

YANGON, Sept. 14 (Xinhua) — A first ever Myanmar investment outreach forum, involving Myanmar senior government officials and many Myanmar and foreign leading businessmen, will take place in New York on Sept. 24, aimed at promoting international investment in the Southeast Asian country, the forum organizer told a press conference here Sunday. Under the title […]