New proposals for delayed Condo Law

Four additional recommendations to the draft Condominium Law were debated in parliament earlier this week, as the upper and lower houses continue to tussle over details of the elusive bill. The Pyidaungsu Hluttaw’s Joint Bill Committee on November 18 submitted its report on the Condominium Law, which reviewed the existing 62 clauses and put forward […]

PTTEP earmarks $3.3 bn for Myanmar

Investment budget set till end-2018 as energy giant celebrates 25th year in neighbouring country PTT Exploration and Production (PTTEP) will invest a total of US$3.3 billion (Bt106.4 billion) in Myanmar through to the end of 2018, president and CEO Tevin Vongvanich said after celebrating the listed company’s 25th anniversary of successful operations in the neighbouring […]

No more projects like Letpadaungtaung if Myanmar becomes EITI member

If Myanmar becomes a full member of the Extractive Industries Transparency Initiative (EITI), there will be no more projects like Letpadaungtaung copper mine, which caused problems with local people, Dr Zaw Oo, a business advisor to the president, said. “Our country depended heavily on natural resources before. Human resources weren’t that important. It’s like precious […]

Vietnamese investment surges, sees room for growth in hotels

Vietnam is the ninth largest investor of the 36 countries with investment in the country, with US$513 million invested in seven projects as of the end of April, according to a June 26 forum linking businesses between the two countries. Bilateral trade is also surging, the forum was told. During the first four months of […]

Chin Industrial Zones to Go Live by FY’14; Set to Boost SMEs

Industrial zone development projects in Chin state’s Hakha and Tedim are expected to be completed by the current fiscal year that started in April, a minister said. The projects are aimed at supporting the development of small and medium enterprises (SME) in Myanmar’s impoverished Chin state, U Ram Mann, Chin state minister for planning and […]