Vietnamese Telecom Viettel to Invest $2bn in Myanmar Over Five Years

VIETTEL, Viet Nam’s largest mobile network operator, is expected to make US$2 billion investment in Myanmar’s telecom sector within five years, with plans to launch its service business next year, it is learnt. The Vietnamese group operates in ten countries in Asia, Africa and America, and will provide its telecommunications services for Myanmar people in […]

US$ 258 million in Japanese investments made into Thilawa Special Economic Zone

JAPANESE companies have invested over US$ 258 million in 25 enterprises operating out of the Thilawa Special Economic Zone beginning from November of the 2014-201 FY to July 2016, according to Directorate of Investment and Company Administration. The total invested amount in the Thilawa (SEZ) is currently US$830 million from 14 foreign countries. Singapore tops […]

Only 3% of rubber in global market produced in Myanmar, Cambodia, Laos

THAILAND remains the world’s largest rubber producer, accounting for 36 per cent of the total production last year, followed by Indonesia with 26 per cent and Viet Nam with 8 per cent, according to the International Rubber Study Group. Thailand has been the world’s largest producer of natural rubber since 1993. China is the fourth […]

Urban development plan being formulated for Mawlamyine, Hpa-an, Myawady

A PLAN to improve urban system in Mawlamyine, Hpa-an and Myawady is being formulated by the government with US$80 million loans from the Asian Development Bank (ADB). The four-year project will be implemented next year by the Ministry of Construction, focusing on installation of urban facilities in those central towns, which plays an important role […]

MPs call for effective tax collection reform

MEMBERS of parliament stressed the need for reforming taxes in order to foster the country’s current social and economic reforms while debating the Joint Public Accounts Committee’s report on the tax collection target for the second six months of this fiscal year during a session of the Pyidaungsu Hluttaw yesterday. Dr Thet Thet Khine of […]

India to import pulses from Myanmar

A high level decision from the Indian government has made plans to import more pulses from Myanmar and to release a buffer stock in order to open the market as food prices in India climb, according to the Economic Times. India is the largest buyer of beans and pulses from Myanmar, around 70% of Myanmar’s […]

Sturgeons to be exported to Asia, EU markets

STURGEON breeding in Myanmar will be expanded by over 50 per cent of its current capacity with a view to export sturgeons to Asian and European markets, said U Han Tun, the executive vice president of the Myanmar Fisheries Federation (MFF). Sturgeons are receiving higher demand from European and Asian countries. Sturgeons must mature for […]

Visa on Arrival (VOA)

The Visa on Arrival (VOA) scheme has been in existence since June 2012. There were some initial hiccups in the system but all the kinks have been ironed out and the system is working smoothly now. The VOA scheme is targetted at business travellers. You should be able to get your business visa within 5 […]