M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Illegal paddy exports putting rice mills out of business

In Mandalay Region, which is one of the main paddy producers of Myanmar, almost every rice mill has shuttered due to illegal direct paddy exports, according to the regional Rice Millers Association. In Myanmar, direct paddy exports are not permitted. However, Chinese traders have been exporting paddy directly to China after buying the crops from […]

Mobile operators join war on cash

WHILE Myanmar is still a cash-dominated society, the nation’s three telecommunications operators are trying to change that as they vie for the lead in the country’s nascent mobile financial market. Vikram Sinha, acting CEO of Ooredoo Myanmar, announced on Thursday the launch of M-Pitesan, a product that allows mobile users to enjoy instant money transfers […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Education always a major focus for Japan’s bilateral cooperation with Myanmar

Myanmar and Japan enjoy a long-standing strong bilateral relationship across a wide range of political, economic, social and cultural spheres. Reflecting this, Japan’s economic cooperation to Myanmar dates back to as early as 1954. Throughout the history of the bilateral cooperation, education has always been a major area of focus, as Japan sees it as […]

US Solar Power Company Helping to Light up Myanmar

Myanmar is working to make more solar power available to its farmers, following in the footsteps of India and Africa, with the help of a U.S. company. The government has set a goal of achieving 100% electrification in the country by 2030, but the power grid cannot keep up with soaring electricity demand. In early […]

Ponzi Scheme Takes Millions From Rural Myanmar

In the wake of My­anmar’s most wide­spread and finan­cially devastating ‘Ponzi scheme,’ millions of dollars have been lost, thousands of people de­frauded, and a myriad of ministries left pointing fingers. In December 2016, Sax­on Capital Limited (SCL) began selling shares to residents of Pyay, Bago, Mawlamyine, and other townships promising an 80 percent return on […]

FTTH Internet Comes to Bago at a Low Cost

Internet service provid­er 5BB Broadband has introduced fiber optic home internet (FTTH) to Bago’s commercial areas at rate cheaper than in Yangon and Mandalay. A subsidiary of Global Technology Myanmar, 5BB Broadband is target­ing hotels and commer­cial areas in Shinsawpu and Likepyarkan quar­ters, Myoma market, and Shwe Maw Daw pagoda as recipients of its FTTH […]

Workers Demand Minimum Wage Increase

Around 2,000 workers staged a protest march in Hlaingthayar Township yesterday, demanding the immediate raising of the minimum daily wage to Ks 5,600. Members of the Myanmar Labour Union Network organised the protest in cooperation with workers from Pathein, Bago, Thanlyin, Mingaladon and Hlaingthayar townships. Hla Hla from the Myanmar Labour Union Network said: “We […]

Local Company Submits Proposal for Yangon- Mandalay Oil Pipeline

Myanmar Energy Sector Devel­opment Public Company Limited (MES­DPCL) has submitted a $300 million pipeline proposal to the Ministries of Planning & Finance and Electric Power & En­ergy, said Dr. Win Myint a member of the board of directors. The plan outlines the construction of two pipe­lines, each 14 inches in diameter, running 650 kilometers from […]