Local tour agencies urged to register

Companies in the tour and travel business have been advised to register their operations and obtain proper licenses, failing which they will be liable to fines. U Muang Muang Aye, vice chair of the Domestic Pilgrimage and Tour Operators Association, made the call on Tuesday in the face of a surge in tourism and the […]

Tussle over Myanmar bank reform puts spotlight on debt pile

NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]

MoU signed in Rakhine for mega projects

SITTWE – With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30. The mega projects are construction of Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of […]

Famous Myanmar fortune teller ‘ET’ remembered as ‘genius’ after death

SWE SWE WIN, a famous Myanmar fortune teller widely known as “ET”, passed away at 4.20am yesterday, local media outlets reported. She died at the age of 58 at her home in Thingankyun Township, Yangon. Her body will be buried in Yayway cemetery tomorrow. ET was very famous both at home and abroad, thanks to […]

Amid China stand-off, BPCL plans Myanmar pipeline

State-owned Bharat Petroleum Corporation Ltd (BPCL) is in talks with neighbouring countries including Bangladesh and Myanmar and others to set up product pipelines, the senior executives of the company said on Tuesday. The focus on neighbouring countries, especially Myanmar, seems important considering the recent tension between India and China over Doklam. Also, plans of similar […]

HK Chief Executive Carrie Lam wants more trade with Myanmar

Hong Kong (HKSAR)-The Chief Executive, Mrs Carrie Lam, continued her visit to Myanmar in Yangon today (September 16). Mrs Lam attended the 14th World Chinese Entrepreneurs Convention (WCEC) in the morning. Themed “Setting up Historical Milestones through the Economic Reform of Myanmar”, the WCEC was attended by some 2 000 leading Chinese entrepreneurs from around […]

Gemstone Sales Center Slated for Yangon

The Union govern­ment has created a working commit­tee to plan and estabish a gemstone sales center in Yangon, U Kyaw Win, Chairman of Myanmar Gold Entrepreneur Asso­ciation, said. The committee was jointly organized by of­ficials from the Ministry of Natural Resources and Environmental Conser­vation, members of the Myanmar Gem and Jew­elry Entrepreneurs Asso­ciation, and the […]

‘Tremendous opportunity for growth’ identified in the BIMSTEC region

Participants at a Yangon roundtable discussion today point to largely untapped opportunities for trade, communication and cultural exchange in a region of 2.5 billion souls. Parami Roundtable and Mizzima Media Group organised a roundtable on Myanmar and BIMSTEC to commemorate the celebration of 20 years of BIMSTEC. BIMSTEC, known as Bay of Bengal Initiative for […]

Ministry Launches Mobile App For Crop & Consumer Safety

The Plant Protec­tion Division under Ministry of Agri­culture, Livestock and Irrigation has recently introduced a mobile ap­plication to promote the effective and safe usage of pesticides on agricultural products. The application, “Plant Protection Mobile Appli­cation” (PP-Verion-1.0), is available on android phones will be upgraded as frequently as the app requires. Since launching just two months […]

Myanmar execs seek help in fostering human resources

TOKYO — Even as more Japanese companies are eyeing the growing business opportunities in Myanmar, the young country and its more than 50 million people are in need of help in developing human resources in addition to infrastructure, a fact emphasized by several prominent businessmen from the country, speaking at a seminar on Monday in […]