‘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 […]

Myanmar to Resume Issuing Visas on Arrival to Visitors

The Ministry of Labor, Immigration and Population agreed to resume issuing visas on arrival (VOA) to foreign visitors after negotiating with the Ministry of Hotels and Tourism, a senior tourism official said. “We got initial agreement with the ministry of labor, immigration and population but the immigration department will still decide on the number of […]

Upgrade Underway to Improve Power in Yangon

The government is upgrading electricity generation, transmission and distribution in Yangon Region, Daw Nilar Kyaw, minister of Electricity, Industry, Transport and Communication, told a news conference to mark the first anniversary of the government. She said that during fiscal 2016-17, the Yangon Electricity Supply Corporation (YESC) installed new cables in a pilot project in Hlaing, Dala, Tarmwe and Hlaing […]

Myanmar Signs Agreement With Asian Development Bank to Boost Transport Infrastructure

​​ The Asian Develop­ment Bank (ADB) and Myanmar have signed an advisory servic­es agreement to improve transport through public-private partnerships. ADB will provide stra­tegic and transaction ad­visory services to support the Myanmar govern­ment’s bid to identify and develop transport pro­jects, the agency said. “Improving Myanmar’s transport infrastructure is critical to achieving inclu­sive growth in the […]

Singapore and China top in FDI

Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the list with a foreign direct investment (FDI) of US$2,529.803million from April to the end of October this fiscal year, followed by China with […]

Hanthawaddy Intl Airport Awaiting Loan From Japan

Hanthawaddy International Airport, a state-of-the-art airport project slated for development in Bago Region, will be ready for construction once the Myanmar receives the US$706 million loan pledged by the Japanese government, said an official from the Ministry of Transport and Communication. “The feasibility report and final report have been done. But Japan’s overseas development aid […]

Vehicle inspection system blocked by absence of by-laws

DESPITE securing Japanese financial assistance to mechanicalise vehicle inspection protocol of the Road Transportation Administration Department, the Pyithu Hluttaw Transport, Communication and Construction Committee has announced the absence of motor vehicle by-laws is hindering the process. “The current method of vehicle inspection poses great danger as it is conducted in person by department staff. The […]

Mandalay’s SP Bakery expand to Yangon

Mandalay-based SP Bakery has opened its first shop in Yangon in a bid to grab a share of the bakery market of the commercial hub of the country. SP (San Pya) Bakery has six self-operated retail outlets in Myanmar’s second largest city, Mandalay. “We opened the Yangon branch to penetrate the food industry of Yangon […]

Myanmar’s Telegram System Still Active

Despite the arrival of modern technology, an older form of communication is alive and well. On a street stacked block by block with colonial British buildings, the Government Telegraph Office doesn’t particularly stand out. Like so many of its neighbors, the façade is grimy and crumbling. There always seems to be a soft trickle of […]

Telecoms keep improving but expectations are high

The mobile race is nearly in full swing, though consumers need to be realistic as service rollouts across the country have years to go, industry observers say. The introduction of foreign telcos has already led to visible communications improvements, with SIMs now routinely sold at K1500 and speeds and communication reliability better than a year […]