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Myanmar Trade Show, Exhibition & Conference Calendar for the month of March and April, 2016

  Name, Venue & Organizer Date Myanmar Oil, Gas & Power Summit. Parkroyal Yangon. CMT Events 15 – 16 Mar 2016 India Education Fair Yangon. Summit Parkview Hotel. MHRD Government of India 29 – 30 Mar 2016 Offshore Summit Conference & Exhibition. Summit Parkview Hotel. UMS Institute 30 – 31 Mar 2016 Plastic Myanmar 2016. […]

Applications for public flats invited

Yangon regional government has announced people can apply for public rental apartments in South Dagon Township from Monday until February 15. An official said: “People need to get the forms at their township general administration offices. The rent will be Ks30,000 per month.” About 1,200 homes are planned with applicants picked at random if demand […]

Yongnam, Changi Airport consortium is a step closer to Myanmar airport deal

A consortium comprising JGC Corporation, Yongnam Holdings and Changi Airports International has sealed a framework deal with Myanmar’s Department of Civil Aviation (DCA) to build and manage a new international airport in Yangon, Myanmar. The signing of the agreement marks an important step towards the eventual inking of the Hanthawaddy International Airport concession agreement, the […]

Yangon too crowded

Urban development specialists say that the increasingly populated centre of Yangon is no longer suitable for more condominiums and offices with its narrow streets. Rapid urbanisation has meant the infrastructure could not support the demands of the rising population. “Ever since British rule, the size of roads was based on the number of inhabitants. Some […]

Myanmar, consortium sign deal in new international airport project

A consortium comprising JGC Corporation, Yongnam Holdings Limited and Changi Airports International on Saturday (Jan 30) signed a Framework Agreement with Myanmar’s Department of Civil Aviation (DCA), reaching a milestone in the Hanthawaddy International Airport project. According to a media release, the signing of the Framework Agreement marks an important step towards the eventual inking […]

Myanmar apparel exports may double by 2020

Myanmar’s apparel exports are expected to more than double to $4 billion by 2020 owing to the favourable government policies and low labour costs in the country, according to industry insiders. One of the reasons for this is the high wages and relatively higher cost of production in countries like Vietnam, India, China, and South […]

Mobile financial services promising in Myanmar

A BOOM in mobile financial services (MFS) is anticipated, thanks to the rapid increase in penetration rate and poor infrastructure in Myanmar, according to Takashi Shigeno, director of KDDI Summit Global Corporation. He cited three main reasons for this. “Firstly, more than 70 per cent of the population live in rural areas. Secondly, only 20-25 […]

FMI swaps share certificates for digital accounts

First Myanmar Investment (FMI), owned by businessperson Serge Pun, has asked its shareholders to open digital accounts, ahead of the company’s planned listing on the new Yangon Stock Exchange later this year, officials said. It is working with two securities companies on its initial public offering – KBZ Stirling Coleman Securities (KBZSC) and Myanmar Securities […]

Convenience, security give new Myanmar ride-hailing app an edge

Ride-hailing apps are spreading throughout Asia and Myanmar is the latest country to jump on this increasingly popular bandwagon, with the planned launch of an Uber-style service. Mr Saw Myo Chit, a 33-year-old father of two, is a driver for a local company and earns about US$300 a month. However, with a two-week-old newborn and […]

Parliament passes Financial Institutions Law

After years of back and forth, the Banks and Financial Institutions Law of Myanmar has been passed by parliament and is now awaiting the president’s signature, with banks to face more stringent rules on raising paid-up capital and on reserve requirements. Lenders will have to keep 5 percent of customer deposits as cash with the […]