Rent for Yangon Zoo to be raised

The Yangon Regional government said it will raise rental fees for the Yangon Zoological Garden, which is run by the Htoo Group of Companies from Ks 70 million (US$ 70,000) to Ks 77 million per year. “The rental fee will be increased by 10 per cent starting April 1 of this year,” a spokesperson for […]

Foreign trade to increase to US$35 billion this year

Myanmar aims to raise its foreign trade volume by US$10 billion during the current 2014-15 fiscal year, according to the Ministry of Commerce. Myanmar’s foreign trade volume gone has from US$15 billion to US$25 billion in three years. “We intend to increase it to US$35 billion this fiscal year,” said Minister of Commerce Win Myint. […]

Scomi Energy still a ‘buy’

SCOMI ENERGY SERVICES BHD By Hong Leong Investment Bank Research Buy (maintained) Target price: RM1.02 SCOMI Energy Services Bhd has been awarded two contracts in Myanmar worth a combined RM90mil by Petronas. The contracts are from Petronas Carigali Myanmar Inc (PCMI) and Petronas Carigali Hong Kong Ltd (PCML) for the provision of drilling fluids, solid […]

Myanmar looks abroad for investment in healthcare

YANGON (Reuters) – Yangon General Hospital was once the jewel in the crown of one of Southeast Asia’s best healthcare systems. These days, hundreds of patients are forced to sleep in corridors of the hulking, colonial-era red-brick building, dogs doze on the floor of the emergency ward and garbage is piled in corners. It is […]

Industrial zone’s chairman blames electricity, soaring dollar prices for labour protests

Electricity failures in industrial zones and a hike in the exchange rates against the US dollars are the main reasons for labour protests, Hlaingthayar Industrial Zone chairman Myat Thin Aung said on Tuesday. He made the comment at the anniversary meeting with entrepreneurs of Hlaingthayar Industrial Zone held at the industrial zone’s administrative office on […]