The move is designed to strengthen Yoma’s core businesses in Myanmar’s rapidly growing economy. According to a statement released on Thursday morning, Ayala will invest up to $237.5 million in Singapore-listed Yoma as well as Yangon-listed First Myanmar Investment, taking a 20% stake in each company, both of which are controlled by Myanmar tycoon Serge […]
Experts discuss illegal satellite dishes, Online TV Channel issues
July 1, 2019 by
A workshop on Illegal Satellite and Online TV Channel was held at Thingaha Hotel in Nay Pyi Taw at 9 am yesterday. Deputy Minister for Information U Aung Hla Tun, Hluttaw Representatives, Permanent Secretaries of Ministries of Information, Commerce and Office of Union Attorney-General, Head of the Departments, Myanmar Police Force, Chairman of Myanmar Broadcaster […]
Invitation of Expression of Interest (EOI) for long-term lease in Naypyitaw Cement Factory under Naypyitaw Development Committee, Naypyitaw, Submission Date: 16 November 2018.
September 17, 2018 by
Naypyitaw Cement Factory under Naypyitaw Development Committee near Aung Si Lar village, far (8/6) miles from Taung Sin Aye village, Lewei Township is intended to cooperate with Local or Foreign companies as long-term lease. As a first step, Companies who interested in that cooperation are required to submit their Expression of Interest (EOI) not later […]
Shut down of Moehti Moemi gold mine helps no one: company
July 18, 2018 by
The government’s suspension of the Moehti Moemi gold mining concession had affected the lives of 5000 company workers, and had cost the government between 26.6 kilograms and 53.2kg of gold in lost monthly revenue, U Soe Tun Shein, chairman of National Prosperity Co Ltd, which operated the concession, said at a press conference last Friday. […]
Yangon Amends Municipal Law, Creates Vice Mayor Position
July 3, 2018 by
YANGON — The Yangon regional Parliament has approved amendments to the municipal law that will see a vice mayor elected in a secret ballot. The Yangon City Development Committee (YCDC)’s executive board initially consisted of nine members: the mayor, four appointed members and four elected individuals, but it was later expanded to add two elected […]
IFC, partners working toward boosting Myanmar rice industry
June 5, 2018 by
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 […]
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