Yangon MPs Call for Crackdown on Shady Foreign Business Operators

The Yangon Region parliament is considering increasing scrutiny on foreign businesspeople who operate illegally. Parliament debated a proposal from MP U Win Maung (NLD; Hlaing Tharyar 1) on October 10 that would have the government take action against foreign operators of illegal businesses. Regional Planning and Finance Minister U Myint Thaung told parliament that such businesspeople will […]

Illegal foreign-run businesses in Yangon MPs’ crosshairs

Amid much talk of luring outside investment to Myanmar, Yangon Region lawmakers have indicated that they want to see greater scrutiny of foreign operators of illegal businesses in the commercial capital. Regional MPs yesterday approved a proposal to debate cracking down on these foreign entrepreneurs next week. Parliamentarian U Win Maung (NLD; Hlaing Tharyar 1) submitted the […]

MIC permitted eight enterprises including four garment enterprises

Myanmar Investment Commission (MIC) granted permission to eight enterprises including four garment enterprises, according to an announcement released by MIC. These permitted enterprises include manufacturing of garments under Cut-Make-Pack (CMP) system, manufacturing and marketing the corns, prawns and assorted snacks, sterilized, sweetened and condensed Milk, corrugated carton box and beautification corrugated carton box and cement, […]

Resuming high-rise projects face hurdles

High-rise building developers given the green light to resume construction after a ban imposed by the Yangon Region government in May say the unplanned disruption to their projects has led to significant financial and reputational losses. The freeze on high-rise construction began with an announcement on May 14, which Yangon City Development Committee – an administrative body […]

Study finds nearly all Yangon adults can read

Nearly every adult in Yangon Region can read, according to a recent survey organised by the regional education office. The finding that 99.89 percent of the adult residents in the commercial capital are literate was announced at the 50th International Literacy Ceremony, held at Basic Education High School 4 in Ahlone township on September 9. […]

Residents encamped along highway vow to return if evicted

Defiant residents have laid down a challenge to the Yangon Region government: If you evict us, we will return. The squatters insist they will not be driven from their homes because they have nowhere else to go. Their stance is a serious challenge to the regional government’s insistence that it will not resort to the tactics […]

Small industrial zones lack government support

Investment should be directed toward upgrading the country’s ageing industrial zones, as the government contemplates launching new ones, say Yangon industrialists. As the Yangon Region government and Myanmar Investment Commission (MIC) mull the regeneration of the country’s industrial base, the owners of existing factories say more can be done to make them competitive. U Ko […]

Korea-Myanmar venture to build 500-acre garment zone

A Korean firm and a local company have teamed up with a view to building free-on-board (FOB) garment factories on 500 acres of land through a 50-50 joint venture. Myanmar-based Olympus Asia Group and Korea’s Panko Corporation signed a memorandum of understanding on August 20 and are looking for land in Yangon, Bago or Ayeywarwady […]

MoHT expands ecotourism destinations

the Ministry of Hotels and Tourism has announced they will open up 22 regions of the country to ecotourism for both foreign and local travelers. Efforts to design the government-backed Ecotourism Plan began in 2015 in the name of developing Myanmar’s tourism sector, and are reportedly being drawn up in accordance with the relevant laws […]

Omni Focus Co to establish public bus company with over 3,500 buses

THE Omni Focus Company has plans to establish a public bus company with a fleet of over 3,500 buses, said a responsible person from the company. After shutting down the All Private Bus Lines Control Committee (Central), the Yangon Transport Authority has been planning to run bus lines under a public bus company programme. Omni […]