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Myanmar to ease decades-old alcohol import ban

Just months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the decades-old ban on alcohol imports. Assistant secretary U Khin Maung Lwin told The Myanmar Times that the ministry is currently drafting a bill […]

Myanmar is new frontier for Japanese condo developer

YANGON — Japanese housing developer Tama Home will establish a condominium joint venture in Myanmar in a bid to attract rising ranks of higher-income buyers. Tama Home and local partner Kakehashi Real Estate Group will set up the new company, which will serve as the lead contractor on projects. Construction has started on a 541-sq.-meter […]

No approvals required for commercial livestock farming investments below $5M

Only capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday. Investments in commercial livestock farming below $5 million will no longer require government approval. Investments in livestock and fisheries, which include those in […]

Myanmar Mobile Internet Users Spend Most Time on Social Media: Opera

Myanmar’s mobile internet users spend most of their time on social networking websites, a new report shows. When it comes to social media, the majority of time spent using mobile internet is spent on Facebook, followed by Twitter, said Opera Software, the makers of the Opera Mini web browser, in its state of the mobile […]

ICT City Project Plan Goes to Yangon Parliament

Data collected for establishing an “ICT City” (information and communications technology) in Yangon has been submitted to the regional government following the approval of the President earlier this year, according to Myanmar Computer Federation. The project, which is aimed at housing ICT and related businesses, retail space, training centres and research facilities, is slated to […]

Telenor teams up with Opera in data duet

Telenor Myanmar has teamed with Norway-based software company Opera to help customers surf the web more cheaply, the telco announced November 1. The partnership accompanies Telenor Group’s “internet for all” initiative as well as its mass market-focused strategy in Myanmar. Opera’s browser, Opera Mini, makes web pages up to 90 percent smaller to reduce their […]

Myanmar’s rice revival uncertain

Scant stocks, weak demand dent Myanmar’s hopes of rice revival. Shrinking global demand, poor infrastructure and hesitant investors could leave Myanmar far short of its rice export target this year, dealing a blow to its ambitions of competing with the world’s top shippers of the grain. Industry experts and government officials say the 3 million-tonne […]