Mon State Missing Out on Rubber Profits

MAWLAMYINE, Mon State — Mon State rubber, which accounts for nearly half of Myanmar’s production of rubber, loses hundreds of millions of kyats in rubber exports because it is unable to produce high-grade rubber and relies solely on the Chinese market for exports, according to Mon State minister for agriculture, livestock, transportation and communications U […]

Parliament Rejects e-Lottery Bill

Pyidaungsu Hluttaw has rejected the government-proposed Aungbarlay Lottery Bill which hopes to introduce e-lottery and provisions that would allow private-government partnership in lottery operations. U Tun Tun Hein, member of Pyidaungsu Hluttaw Joint Bill Committee, told The Myanmar Times that as Aungbarlay Lottery Bill was sent back to the government. “Hluttaw cannot accept the fact […]

Myanmar to Conduct Inland Ports Consultation

Subscribe to our tender alert mailing list As part of its plans to expand Myanmar’s economy, the government will open consultations on Saturday with regional authorities to initiate six new inland water port terminals, four on the Ayeyarwaddy River and two on the Chindwin River. The consultations are part of the implementation of Myanmar’s National […]

Myanmar Allocates 1.8GHz Spectrum with $80m Price Point

Myanmar’s four operators have each been allocated 2x40MHz blocks of technology neutral spectrum in the 1.8GHz band by the country’s Post and Telecommunications Department (PTD). The department has set the price of a 2x10MHz block at $80 million through a direct allocation method. If an operator chooses to acquire the airwaves they will be required […]

Myanmar designates 20 fields to promote investment

Myanmar’s efforts to promote investment will target 20 newly designated fields covering 192 types of businesses and services, using a law enacted in October that makes it easier for foreign companies to receive tax benefits. The industries covered include manufacturing, agriculture, urban development, communications and medicine, while fields such as mining and finance did not […]

Myanmar Now Has More Phones Than People – Ministry

The number of mo­bile phones in My­anmar has leapt to 54 million in the last year, up 10 million from the start of April 2016, new figures reveal. Statistics from the Min­istry of Transport and Communications show that the surge in phone purchases has pushed the country’s phone penetra­tion rate to 105 percent. The figure […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

How Mytel is Set to Shake Up Myanmar’s Telecoms Sector

​​ The entrance of a new operator to Myan­mar’s telecoms sec­tor has brought a wave of new investment and heightened competition to an already crowded mar­ket, promising expanded service options and lower pricing for consumers. In mid-January the telecoms regulator, the Ministry of Transport and Communications, for­mally issued the country’s fourth nationwide tel­ecommunications licence (NTL) […]

Yangon Braced for Hot-Season Power Cuts

​​ Nilar Kyaw, Yangon Region’s minister of electricity, industry, roads and communications, says the city is expected to suffer regular blackouts during the hot season.  Some townships in Yangon are reporting regular power outages. “In Thingangyun Township, there was a power outage last night. It lasted about one hour,” said a resident.   Kyaw Win, union minister […]

Myanmar woos investments in infrastructure, transport and energy

With the recent enactment of the investment law and lifting of sanctions, Myanmar has become friendlier to foreign investment, particularly in infrastructure, transport and energy, according to its state investment agency. The Myanmar Investment Law was passed on Oct. 18 by combining the country’s foreign investment law and citizen investment law, providing income tax exemptions […]