15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

YSX provisional licences awarded

Eight companies have been offered conditional underwriting licences for the Yangon Stock Exchange, subject to paid-up capital. The exchange, which is owned by state-owned Myanma Economic Bank, Daiwa Institute of Research and Japan Exchange Group, is due to open in December. Companies including AYA Bank, Daiwa Securities Group and United Amara Bank were offered provisional […]

Job creation falling short: U Serge Pun

Prominent businessperson U Serge Pun said Myanmar has a mixed scorecard on job creation, and is not seeing the employment growth it could achieve. While the government has clearly place employment on the agenda, the amount of jobs being added over the last two years had fallen short of the desired results, he said at […]

Myanmar to ease industrial approvals to hasten employment growth

Prominent entrepreneur U Serge Pun has called for streamlined procedures for industries planning to set up shop in Myanmar, claiming a simplified approvals process would assist in attracting factories to provide much-needed employment. U Serge Pun pointed to China where he said the barriers to establishing a factory were lower, with no need to see […]