What Myanmar’s Facebook supremacy means for business

Written by Ben Roache The way people use the internet in Myanmar – and, in particular, the dominance of Facebook – has implications for businesses and advertising agencies. IN MYANMAR, Facebook is the internet. While Facebook usage is high in many countries, a very late-stage adoption of smartphones and the internet has created a technology […]

Invitation for bids to build Dala Bridge, Submission Date: 23 February 2018

Date: 9th January, 2018 EDCF Loan Agreement No.: MYA-10 Contract Title: Korea –Myanmar Friendship (Dala) Bridge Construction Project 1. The Republic of the Union of Myanmar, Ministry of Construction has received a Loan from the Export-Import Bank of Korea from the resources of the Economic Development Cooperation Fund (EDCF) of the Republic of Korea in […]

Minimum wage set at Ks4,800 per day

The National Committee on Minimum Wage announced yesterday that Ks4,800 per day, at the rate of Ks600 per hour, has been established as the minimum wage. The official announcement signed by Union Minister for Labour, Immigration and Population U Thein Swe came yesterday following a meeting of the committee on 29 December. The new minimum […]

A baseline survey of Yangon Sector Workforce in the Garment Industry

EXECUTIVE SUMMARY In May 2017, C&A Foundation commissioned Enlightened Myanmar Research Foundation and Andaman Research & Advisory to undertake a study of the garment sector workforce. C&A Foundation and its partners recognized there was a lack of a strong quantitative evidence on the demographics and economic standing of garment sector workers. This executive summary provides […]

Myanmar Trade Show, Exhibition & Conference Calendar for the month of January & February 2018

  Name, Venue & Organizer Date Myanmar Oil Gas & Power Summit, Parkroyal hotel, Yangon, Oliver Kinross Ltd 25-26 Jan 2018 International Congress on Geology, Resources and Geo-Hazards of Myanmar and Surrounding Regions, Sedona Hotel Yangon, Yangon, MYANMAR GEOSCIENCES SOCIETY 31 Jan – 02 Feb 2018 Mobile Money & Agent Banking Summit, PARKROYAL Yangon, Yangon, […]

New Condominium Rules allow more flexibility for foreigners

Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year. The rules, which were signed by the Union Minister for Construction on December […]

Cigar legend Robaina denies involvement with Burmese Tobacco Trading Co

While news of a new venture called the Burmese Tobacco Trading Co. began circulating late Thursday night, one of the key players in the story says he has nothing to do with it. The company announced that it had successfully grown tobacco on nearly 80 acres of virgin soil in Myanmar under the supervision of […]

Kargo: Technology Solving the Highway to Logistics Hell

By Ben Roache Coordinating the logistics of trucking goods around Myanmar should be a nightmare. And for foreign firms, or even new companies, it is. Unsurprisingly, this industry is highly inefficient, outdated, and unorganised, plagued with many of the same issues that face other industries in the country, such difficulties in credit and finance, communications, […]

Businesses Are Still Investing Billions in Refugee Crisis-Hit Myanmar

As the U.S. and Europe grow increasingly outraged over the Rohingya refugee crisis in Myanmar, Asian businesses are continuing to invest. Bangkok-based construction company TTCL Pcl is one of the latest examples, targeting the first half of next year to complete a funding plan and shareholder structure for a planned $3 billion coal-fired power plant in Kayin state bordering Thailand. […]

Revolutionary new technology demonstrated by Myanmar’s Blockchain Development and Research Company

YANGON The future of blockchain, the potentially revolutionary new verification method for digital transactions, was presented last week to the business community in Yangon. Blockchain Development & Research Company Limited jointly presented with China’s Guiyang Institute of Blockchain, with whom they have signed a memorandum of understanding. The DCD Group Sdn Bhd of Malaysia and […]