Low-cost housing units set to hit market

The Department of Urban Housing Development (DUHD) under the Ministry of Construction will offer 388 low-cost apartments in the month of December. Around 4710 people with savings of over K3 million as of September will have the chance to apply for the Official Direct Assistance (ODA) loans. Applicants need to have a savings account at […]

Yangon Suzuki plant ceases manufacturing as space runs out

Japanese car maker Suzuki Motor Corporation will temporarily close its manufacturing facilities in Yangon from December 1. With initial vehicle registrations suspended since September to avoid physical crowds at the Road Transport Administration Department’s (RTAD) offices, car sales have also stalled, and Suzuki Thilawa Motor Co. Ltd and Suzuki Myanmar Motor Co. Ltd will temporarily […]

Myanmar commerce ministry declares import licence list

Import licences will now be required for around 4000 kinds of goods in Myanmar. This will take effect on December 1, the Ministry of Commerce announced. Traders for a total of 3931 goods categories including live animals, meat and fish, edible oil, vegetables and crops, forest products, beverages, mineral fuels, chemicals, medicines, automobiles and machinery […]

Myanmar commerce ministry declares import license list

Import licenses will now be required for around 4000 kinds of goods in Myanmar. This will take effect on December 1, the Ministry of Commerce announced. Traders for a total of 3931 goods categories including live animals, meat and fish, edible oil, vegetables and crops, forest products, beverages, mineral fuels, chemicals, medicines, automobiles and machinery […]

FEATUREDIndia, China Take Their Confrontation From Ladakh To Myanmar

With the India-China locking horns on the border, the neighbouring countries in the region could play a key role, and both New Delhi and Beijing are vying for their support. After Hypersonic Missile, Indian DRDO Tests Another ‘SMART’ Weapon China’s increasing clout in the region through its Belt and Road Initiative (BRI) is already reaping […]

Unclear future for schools costing parents more in Myanmar

The Education Department will not cancel the school year due to the COVID-19 pandemic, a senior official said. Basic education schools and universities have been closed and have not been able to reopen in Myanmar due to COVID-19. “We’ve been watching the situation carefully but haven’t decided to cancel the school year,” he said. High […]

Yangon Plans Another Flyover to Relieve Traffic Congestion

The government has announced plans to construct a new flyover in Yangon’s Insein Township that will allow cars to pass over the railway track and relieve busy traffic in the area, state-run media reported. The project will construct a new two-lane flyover that will cost about US$6 million, Myo Zaw Too, engineer at Myanmar Railways […]

Gov’t enacts bill to allow fair competition

The government has announced in the state media that it will implement a Competitiveness Bill on May 11 to allow fair competition and prevent speculation. The bill consists of 12 chapters and 53 sections and allows for organising inspection commissions when necessary. Section 14 prevents confining the distribution of services and goods and restricts price […]

Public Shares in Thilawa SEZ to Go on Sale Next Month

YANGON — Myanmar Thilawa SEZ Holdings Public Ltd announced it will issue shares for sale next month in order to raise about US $21 million to fund the first phase of the Burmese-Japanese Thilawa Special Economic Zone (SEZ) near Yangon. Set Aung, a government official who chairs the Thilawa SEZ Management Committee, and Win Aung, […]

Deadline set for Myanmar’s timber exports

The Forest Department of Myanmar has recently announced a deadline for raw log exports through Yangon ports. The deadline is midnight on March 31, according to the department. It will allow timber to be loaded onto ships docked at Yangon ports until that time. As of April 1, the government will only allow the export […]