Jade entrepreneurs to request Union government to halt jade mining and export

Jade entrepreneurs have united to submit a signed proposal to the Union Government to suspend jade mining and jade exports with the aim of creating a domestic jade market and promoting the market, said U Than Win from Pwint Kaung jade trading. Over 20,000 jade businessmen from Mandalay, Sagiang and Pharkant signed the proposal and […]

Five restricted export goods relaxed by Union Government

Restrictions on five out of 12 controlled export goods have been relaxed by the Union Government, it is learnt from the Ministry of Commerce. Previously restricted for export were sesame oil, mustard oil and mustard seeds, sunflower seeds and sunflower oil, by-products after oil crops are milled and shrimp brine. Previously, sesame, sunflower and mustard […]

4G services launched in Myanmar

COMPETITION in Myanmar’s telecom industry is as fierce as ever with two foreign players launching 4G services to cope with increasing data demand in the country. Telenor Myanmar last week launched a 4G service in Nay Pyi Taw, nearly two months after Ooredoo Myanmar offered the technology in the capital city along with Yangon and […]

Eumeralla expects mining permit this year

Australian mining firm Eumeralla Resources expects to receive a permit to explore for tin and tungsten in Kayah State by September of this year – three years after it first applied, the firm announced this week. The company expects the exploration permit to be granted in the second or third quarter of this year, it […]

Government allocates funds for U Bein Bridge repairs

The Union government has stumped up almost US$200,000 for urgent repairs to Mandalay’s U Bein Bridge, a popular tourist attraction that some have warned is in danger of collapse. The Mandalay Region government will use the K227 million ($199,500) in funding to undertake major repairs at the teak bridge, according to Minister for Finance U […]

Developer quietly terminates project near Shwedagon

Marga Landmark has agreed to follow the government’s order to terminate the project Dagon City 1 luxury development. “While everything we have done is proper, legal and for the best interest of our customers and the public, we respect the public sentiment, particularly that of the Sangha members, and we are working with the government […]

Yangon chief brushes off hotel project suit

The fight over the future of one of downtown Yangon’s most iconic colonial-era buildings intensified yesterday amid accusations of lying. The charge came only days after the Myanmar Lawyers’ Network had filed suit, for the third time, to block plans to turn the old Small Claims Court – the former headquarters of the Burma Socialist […]

Yangon appraisals fixed for property transaction taxes

Transaction taxes on Yangon property will become harder to avoid beginning October 1st as authorities complete a city-wide assessment of neighbourhood values, according to Yangon Regional Revenue Department officials. The moves comes in an attempt to combat buyers claiming an artificially low value for their home purchases in order to avoid paying a transaction tax […]