Australia

Southern Shan co-op exports $35,000 worth of coffee to Europe

October 22, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: Afghanistan, Australia, Coffee, Europe, French coffee, Green Gold cooperative, heroin, Loilem, Malongo, Myanmar, poppy cultivation, Southeast Asia Opium Survey, Southern Shan, UNODC

Myanmar to hold investment fairs to spur development

October 12, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: Article of Association, Australia, Britain, Business Forum, China, DICA, Directorate of Investment and Company Administration, education, Electricity and Energy, FDI, five foreign direct investment projects, Foodstuff, foreign investors, garment, healthcare, India, Japan, land, local business community, mandalay, Mandalay Region Investment Committee, manufacturing, Memorandum of Association, Myanmar Investment Committee, national park, Nay Pyi Taw, new business law and regulations, New Mandalay Resort City project, Public-Private Partnership, singapore, South Korea, Thailand, tourism, UMFCCI, Union of Myanmar Federation of Chambers of Commerce and Industry, United States, US Dollars

Will Myanmar become a conduit for Iranian crude into China?

August 16, 2018 by Thiha

On June 1, sometime between the US withdrawal from the JCPOA in early May, and its demand in late June that Asian buyers fully halt Iranian oil purchases, PetroChina snuck in a shipment of Iranian crude through Myanmar to its Yunnan Petrochemical refinery in southern China. On any other route, this would have been just […]

Filed Under: Latest News Tagged With: Australia, Belt and Road, China's Belt and Road Initiative, Clyde & Co Partner Avryl Lattin, Collin Koh, Dalian Petrochemical, former military government of Myanmar, Guangxi Petrochemical, international oil or gas pipeline, Iranian barrels, Iranian crude, Iranian Heavy crude, Iranian oil, Iranian oil purchases, JCPOA, JCPOA signatories, Kunming City, Kyaukpyu in Rakhine state, Maday Island, metallic and chloride, Middle East, Myanmar, Myanmar-China Oil and Gas Pipeline, oil and gas pipelines, PetroChina refinery, petroleum, pioneer project, Russian military, sanctions on Iran, singapore, Southern China, Trump, US Sanctions, VLCC terminal, Washington’s Indo-Pacific strategy, Yunnan Petrochemical refinery

DICA releases additional guidelines for education investments

August 15, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: Australia, Capstone Education Consulting, DICA, Directorate of Investment and Company Administration, educational institutions, Kaplan Inc, Kaplan Myanmar University College, MBA Programmes, MIC, Myanmar education sector, Myanmar investment commission, Myanmar Plaza, Myanmar Strategic Holdings, New Zealand, Professional Certifications, singapore, University Degree programmes, Wall Street English learning centre

Myanmar opens visa-on-arrival door

August 3, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: air ticket, ASEAN member, Australia, border pass travellers, China, Chinese visitors, Economic Growth, eVisa, France, Germany, hotel bookings, Hotels and Tourism Ministry, Htee Khee, India, Italy, Japan, japanese, Kawthaung, local newspapers, Malaysia, mandalay, Ministry of Labour - Immigration and Population, multiple entry visas, Myanmar Times, Myawaddy, Nay Pyi Daw, newspaper reports, South Korea, South Koreans, Thailand, Thailand; Tachileik, The Irrawaddy, tourists, UK, USA, visa procedures, Visa-Free Travel, Yangon

Yangon stock exchange seeks foreign investor interest

July 17, 2018 by Thiha

THE Yangon Stock Exchange (YSX) recently had a few champagne moments with the first “real” initial public offering by a Myanmar telecom company. And even while the bubbly was still fizzing another company was eyeing a listing. And, the moment foreign investors had been waiting for is almost here. For a start, foreigners residing in […]

Filed Under: Latest News Tagged With: Allen & Gledhill, Australia, Central Bank of Myanmar, Daiwa Institute of Research, Daiwa Securities Group, Danyingone wholesale market, engineering services, Financial Services, First Myanmar Investment, First Private Bank, FMI, FMI City, FMI Garden Development, foreign investor, Germany, healthcare, Insein Township, Interra Resources, law firm, local-foreign joint ventures, london, MAEX, Malaysia, mandalay, marubeni, Mitsubishi, mobile networks, Myanmar Agro Exchange, Myanmar Citizens Bank, Myanmar Companies Law, Myanmar Securities Exchange Centre, Myanmar telecom company, Myanmar Thilawa SEZ Holdings, Pun Hlaing Hospital, real estate, Securities and Exchange Commission of Myanmar, SGX, Shan, singapore, Singapore Myanmar Investco, Sumitomo Corporations, Thailand, Thilawa Special Economic Zone, TMH Telecom, U Thet Tun Oo, Yangon Stock Exchange, Yoma Bank, Yoma Strategic Holdings, YSX

IFC, partners working toward boosting Myanmar rice industry

June 5, 2018 by Thiha

YANGON, MYANMAR — IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry. The MoU aims to accelerate changes in the industry through development, improvement, and promotion of milled rice standards and paddy grading […]

Filed Under: Latest News Tagged With: agricultural sector, Asia, Australia, chairman, export, global rice market, Gross Domestic Product, IFC, IFC country manager, IFC-hosted Myanmar Rice Network, Japan, memorandum of understanding, MOU, MRF, Myanmar Rice Federation, Myanmar Rice Industry, National Export Strategy, paddy grading system, rice production, rice standards, rice trader, The United Kingdom, transmission of commensurate prices, U Chit Khine, Vikram Kumar

IFC, YCDC to improve construction permit system

May 21, 2018 by Thiha

The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]

Filed Under: Latest News Tagged With: Australia, Builders, construction permit system, Construction Permits, Daw Hlaing Maw Oo, IFC, IFC country manager, Infrastructure Projects, investors, Japan, manufacturing, Private Firms, The International Financial Corporation, the UK, tourism, Vikram Kumar, World Bank, Yangon City Development Committee, Yangon construction sector, YCDC, YCDC’s Secretary

Is country ready for full foreign investment in education?

May 3, 2018 by Thiha

According to the Directorate of Investment and Company Administration, Singapore, New Zealand, and Australia are interested in investing in Myanmar’s education, with Singapore having conveyed the most willingness. The Myanmar Investment Commission (MIC) has allowed foreigners to make full capital investment in Myanmar, according to notification 7/2018 issued by the MIC on April 20. Thus, […]

Filed Under: Latest News Tagged With: 2014 National Education Law, Australia, capital investment, Daw Nyo Nyo Tin, Deputy Director General, Directorate of Investment and Company Administration, education, Foreigners, former MP, Full Foreign Investment, international curriculum, international educational programmes, international university entrance exams, MIC, MIC notice, Ministry of Education, MOE, Myanmar investment commission, National Network for Education Reform, new private education law, New Zealand, Private Education Law, Private schools, secretary member, singapore, Spokesperson, subject-based schools, teaching curriculums, technical, training schools, U Khine Mye, U Than Aung Kyaw, vocational, Yangon Region Hluttaw

Skiold enters Myanmar market

April 6, 2018 by Thiha

The Danish company Skiold has entered the Myanmar market. The company, which has its headquarters in the small Danish town of Sæby, specializes in providing equipment for full-line pig farms, feed production plants and project solutions for the feed, grain, seed and pig industries. Since 2000, the company has moved its businesses into Asia and […]

Filed Under: Latest News Tagged With: Asia, Australia, Businesses, China, Danish company Skiold, Danish Crown, Danish food companies, feed, grain, Headquarters, Myanmar, Myanmar market, Oceania, pig farms, pig industries, seed, small Danish town of Sæby, Tulip, turnover, Vietnam