YANGON—After a trial lasting more than a year, Australian national Ross Dunkley, the co-founder of the Myanmar Times newspaper, and his compatriot John Mckenzie, a former IFC and World Bank adviser, were sentenced to 13 years in prison by a Yangon judge on Tuesday for violating Myanmar’s anti-narcotics law. The two foreigners were apprehended in […]
Aussie survey finds private firms face hurdles in doing business
March 11, 2019 by
Red tape and access to skilled labour are significant constraints for businesses in Myanmar, according to a survey by the Australia – Asean Chamber of Commerce. Three-quarters of the respondents to the survey on Myanmar identified government bureaucracy as a significant hurdle while two-thirds identified access to skilled labour as a constraint. Respondents to the […]
Natural gas from Offshore A-6 plot to be produced in 4 years
February 14, 2019 by
Natural gas from Offshore A-6 block will be produced in 4 years time while other offshore blocks will be opened for international tender with the government current adjusting profit sharing rates, according to Union Minister for Investment and Foreign Economic Relations, Thaung Tun. “We have found natural gas in offshore 6. But, it is a […]
Changes in petroleum law could give Myanmar a boost in oil and gas investments
January 9, 2019 by
Changes in a petroleum law in Myanmar could help the Southeast Asian country attract investment in to the oil and gas sector, while reducing the growing strain on depleting domestic oil and gas reserves, according to a report by Fitch Solutions Macro Research. With Myanmar among the few under-explored upstream markets in Asia and interest […]
Southern Shan co-op exports $35,000 worth of coffee to Europe
October 22, 2018 by
A Shan-based co-operative involving almost a thousand local farmers has exported its first container of coffee worth US$35,000 to Europe. The Green Gold cooperative (co-op) exported its first container of select coffee to the European market on Friday. The United Nations Office on Drugs and Crime (UNODC) said the export represents a positive development in […]
Myanmar to hold investment fairs to spur development
October 12, 2018 by
Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]
DICA releases additional guidelines for education investments
August 15, 2018 by
The Directorate of Investment and Company Administration (DICA) has released a list of additional guidelines and specifications to structure developments in the Myanmar education sector. The list, which was announced by DICA on August 10, includes a total of 17 points and comes four months after the Myanmar Investment Commission (MIC) on April 20 issued […]
Myanmar opens visa-on-arrival door
August 3, 2018 by
YANGON, 31 July 2018: Myanmar confirmed late last week it would ease visa procedures for three nationalities 1 October. Tourism officials quoted government sources saying tourists from Japan, South Korea and China would be granted a visa-on-arrival for up to 28 days. Details were sketchy with none of the official websites for the Hotels and […]
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