Will YSX Deal a Blow to Burma’s Real Estate Market?

Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]

NLD reps propose suspension, review of Parkway hospital project

A parliamentary committee has recommended the incoming Yangon Region government suspend two approved projects on state land, including a US$70 million private hospital development. U Kyaw Zeya, secretary of the Yangon Region Finance, Planning and Economic Committee, said the projects should be halted immediately and reviewed by the parliament and government once the new administration, […]

Myanma Timber Enterprise to invite open tender for Teak Logs; Closing Date: December 15, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Export Marketing & Milling Department Open Tender Sales Notice 15-12-2014 Notice for  Open Tender Sales Myanma Timber Enterprise will sell Teak Logs by competitive bidding. Particulars of the Open Tender Sales are as follows: Open Tender No: 09/2014-2015 […]

Strong Start for Myanmar’s 2014-15 FDI

YANGON — Though the United States extended its economic sanctions against Myanmar for another year in May, overall foreign direct investment continued to rise in the first two months of the fiscal beginning April 1, according to a senior official at the Directorate of Investment and Company Administration. Following last year’s record-breaking foreign direct investment, […]

Maritime spat to aid rice exporters

Growing tensions in the South China Sea in recent months is leading China to shun Vietnam for its rice imports, opening the door for Myanmar exporters, according to traders. Much of Myanmar’s official exports currently go to African countries, but with Thai exporters dropping prices in those markets since the May 22 coup, Myanmar exporters […]

Police to Beef Up Security for Foreign Buyers at Jade Expo

Myanmar Police Force will arrange special security for foreign gems buyers at the upcoming Myanma Gems Emporium at Nay Pyi Taw, U Kyaw Htay, secretary of Gems Entrepreneurs Association, said. The authorities will deploy a special tourist police force unit, which will also provide health services and other assistances to foreign gems buyers, he said. […]

Myanmar E-Visa to Be Introduced by This Year: Official

: The Department of Immigration and Population (DIP) under the Immigration Ministry by this year will finally implement an E-Visa system which was initiated in 2011, a top official said. The system will enable a visa applicant to receive Myanmar visa within three days of submitting application, thus saving time and costs, U Maung Maung […]

Next change for new-look MIC? Independence

The Myanmar Investment Commission is to be made independent of the Ministry of National Planning and Economic Development in the near future, the body’s new secretary told The Myanmar Times last week following a reshuffle that saw it expand from 11 to 13 members. “The MIC will become independent like the Central Bank. But we […]

Minister of Energy to chair investment commission

Minister for Energy Zayyar Aung, who has a close relationship with President Thein Sein, has been appointed as chairperson of the influential Myanmar Investment Commission (MIC). In a new reshuffle, a number of top ministers and government officials, including Htay Aung (Hotels and Tourism), Win Tun (Environment and Forestry) and Tun Shin (Attorney General), were […]

Myanmar Bans Foreign Fishing Boats From Its Waters

YANGON — Myanmar has banned foreign fishing vessels from its waters as of the beginning of April amid concerns about overfishing, an official from the Myanmar Fishery Federation (MFF) said. “Fish and other marine resources in our waters were declining. So [Myanmar] banned foreign fishing boats from fishing in our waters to prevent that,” said […]