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Japan’s Daiwa readies fund to invest in Myanmar startups

TOKYO — Daiwa Securities Group will set up a venture capital fund in Myanmar, in a first for a major Japanese financial institution. The Southeast Asian country’s economy is growing at a roughly 6% clip, and information technology startups are emerging. This makes Myanmar an attractive market for Japanese institutional investors seeking relief from persistently […]

NPE opens advertising section in Nay Pyi Taw

The News and Periodicals Enterprise (NPE) has opened their advertising section for Nay Pyi Taw at office No 7 of the Ministry of Information yesterday. The section will accept advertisements to be put in Myanma Alinn, Kyemon, The Global New Light of Myanmar and Myanmar Digital News. Deputy Minister U Aung Hla Tun, Permanent Secretary […]

Competition heats up on Yangon-Shanghai route

Chinese budget carrier Spring Airlines on Monday commenced scheduled operations at Terminal 1 of the Yangon International Airport (YIA). Spring Airlines will operate direct flights between Yangon and Shanghai using an Airbus A320 aircraft, which has the capacity to carry 186 passengers. The carrier offers flights from YIA four times a week. The move comes […]

The sky’s the limit for Yangon’s new roads: An interview with Kyi Zaw Myint, Director General—Ministry of Construction.

Question: “First and foremost, what is in store for the future of transportation in Yangon? What are some of the goals of these proposed large scale projects and expressways?” Answer: “The Ministry of Construction, with goals to create new networks of transportation, plans to build two elevated highways: one within and one encircling Yangon city. […]

Concerns may emerge when Bagan hotels, businesses are forced to move

On July 6, the United Nations Educational, Scientific and Cultural Organization (UNESCO) designated Bagan as a World Heritage Site, marking Myanmar’s second entry to the list after World Heritage Status was granted to the ancient Pyu cities of Sri Ksetra, Halin and Beikthano in 2014. The ancient city has more than 3500 surviving stupas, temples, […]

Myanmar and Japan to form JV for Hanthawaddy Airport construction

Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]

No decision made on Malaysian proposal for “Sittwe New City” project

No decision has been made on a proposal by Gold Coast KTMG Development, a company with Malaysian owners, to develop a new city near Sittwe, capital of Rakhine State, says a senior minister in the state government. “We have not decided on it and there have been no detailed discussions other than the presentation of […]

Local government warns tardy cement plant projects in Myanmar

Myanmar: U Aung Kyaw Thu, the Hluttaw representative of Mon State Parliament and chairperson of the public budget scrutiny, finance planning and economics matters review committee has warned that cement plant projects granted licenses by the Myanmar Investment Commission (MIC) that have not implemented their plans will not be granted permission to extend their licenses. […]

Villagers get diseases from waste-contaminated water

Villagers who live near a 10-inch pipe that discharges wastewater from factories in the Mandalay Industrial Zone in the Dotehtawady River have suffered health and social problems for years. Adults and children who rely on the river for bathing and household water because they can’t afford clean water are suffering from skin disease, according to […]

Survey finds 40pc of Yangonites dissatisfied with YCDC

The Yangon City Development Committee (YCDC) is the entity charged with managing and providing many of the services, such as planning, cleaning, transportation, and infrastructure development, among others, that keep a modern city humming. As such, the YCDC’s performance of its duties directly affects the lives of some five million people living in the city. […]