US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

Bus Drivers Under Scrutiny

The Highway Police Force is warning bus drivers without a nga licence, meant for those operating large vehicles, to stay off the Yangon-Nay Pyi Taw-Mandalay highway. A plan is in the works to ban drivers without the appropriate licences, Police Major Yan Naung Oo told The Myanmar Times yesterday. “Bus and bus line owners should […]

Developer Plans Lawsuit After YCDC Changes Design Plans

A Yangon high-rise developer says he is planning to sue Yangon City Development Committee for K50 billion (US$39.9 million) in compensation after YCDC instructed him to reduce the number of floors on a residential project. U Kyaw Kyaw Naing said he was informed by YCDC’s high-rise inspection committee (HIC) on October 6 that designs for […]

Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

YCDC Threaten To Take Action Against Mya Kyun Thar Developers

Yangon City Development Committee (YCDC) has threatened to take action against those companies who do not cease construction and resubmit their proposals on developments at parkland beside the city’s Inya Lake. U Nay Win, deputy department head of engineering (building) at YCDC, told The Myanmar Times yesterday that YCDC had instructed firms working at Mya Kyun […]

New Myanmar Subsidiary For Yoma

BRIEF: Yoma Strategic has formed a new Myanmar b– Pun Hlaing Lodge Hotel Management – to build a five-star hotel on the Pun Hlaing Estate. The new entity has US$75,000 in paid-up capital, consisting of 75,000 shares held entirely by Yoma Strategic, with approval from the Myanmar Investment Commission. Pun Hlaing Estate is a 652-acre luxury development that includes a […]

Kandawgyi Park helium balloon project garners objections

A ballooning plan to provide tourists with a bird’s-eye view of Kandawgyi Park may yet be deflated by lawmakers trying to jettison the proposal. Myanmar Voyages International Tourism Company said it has already secured permission to launch a helium balloon venture above Yangon’s Kandawgyi Lake. The chair of the company said the plan will help […]

Myanmar moves to jump start coffee cultivation

Demand for coffee is booming in an increasingly caffeinated world, and although Myanmar is capable of producing international-quality product it has neglected the crop for years. But agricultural ministry officials are hoping to develop a coordinated strategy to ramp up production and connect cultivators with world markets. Myanmar has been growing coffee for years but in relatively […]

Sakura garment factory strike ends with negotiations

The strike at Sakura garment factory is finally over, two months after it began. The truce required the intervention of lawmakers to negotiate a reduction of daily production targets. “Now, we have all returned to work at the factory,” said Ma Thuzar Win, a sewing operator. “Factory officials agreed to pay us our wages again […]

HK carrier working to resolve ‘issues’ at Mandalay airport

Budget airline HK Express will review restarting flights to Mandalay after resolving issues that local aviation officials said concerned fuel quality. But the firm that supplies the country’s airports said there are no doubts about the standard of fuel it provides. The Hong Kong carrier began flights to Yangon and Mandalay in the first week […]