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Conglomerate proposes development of Thanlyin industrial park

Local conglomerate Tah Moe Hnye Group Investment and Development Co Ltd is proposing the development of an industrial park in Thanlyin township, Yangon Region. The Thanlyin industrial park, located just southeast of the commercial capital of Yangon across the river, is one of 11 new industrial parks proposed by the regional government at the Yangon […]

Cash-strapped Myanmar govt desperate for education improvement: state counselor state

At an International Youth Day gathering in Naypyitaw on Monday, Myanmar State Counselor Daw Aung San Suu Kyi lamented a shortage of government funds while stressing an absolute desperation to improve the country’s educational system. “I don’t want to say our country is poor, but we are not a developed country,” Daw Aung San Suu […]

Govt again proposes tax amnesty on undisclosed income

The government is again proposing to reduce the tax rates on undisclosed incomes so that more will be willing to pay the taxes owed on those incomes. The proposal, which was part of the Union Tax Bill submission for the new 2019-20 fiscal year beginning October 1, was submitted to the Pyidaungsu Hluttaw on August […]

Me and the Myanmar Investment Commission

Different types of investment entities could be seen in many facets such as that doing business is investment, that sending a kid to school is investment, that providing capacity building to an employee is also investment. More investments reap additional benefits. Therefore, it is universally accepted that the investment is a must for the development […]

Colliers Property Report – Yangon Serviced Apartment Q2 2019

TAKING HEED ON EXPATRIATES’ HOUSING CONSIDERATIONS Summary & Recommendations Since the government commenced a series of economic transformations in 2011, the city has witnessed mounting investment interests coming from numerous companies and institutions. The influx of international companies has ultimately driven foreign manpower requirements skyward. This growth has greatly encouraged strong rental activity in the […]

Change of plans could be a setback for insurance market

The local insurance industry may have been dealt a setback after negotiations between several local and foreign insurers were reported to have broken down. According to a report by Nikkei, which cited insiders, local insurers decided to pull out of talks with Thailand’s Muang Thai Insurance and Muang Thai Life Assurance, and South Korea’s DB […]

India-Myanmar: partners in progress

After decades of isolation, India’s eastern neighbour – Myanmar is now perceived as a link to new markets. The transformation of ‘Look East Policy’ into the much coveted ‘Act East Policy’ has also added to the significance of Myanmar in India’s foreign policy considerations. Over the years, India’s policy towards Myanmar has been largely shaped […]

Hanthawaddy International Airport Project to Begin Next Year

YANGON—The long-postponed, Japan-backed Hanthawaddy International Airport project will start next year, Deputy Director-General U Ye Htut Aung of the Ministry of Transport and Communications told The Irrawaddy. The Civil Aviation Department, the Yangon Aerodrome Co Ltd—which operates Yangon International Airport—and Japanese government officials, led by the deputy transport minister, have held five rounds of talks […]

China-Backed Venture Proposes $800M Development Near Kyaukphyu Seaport

YANGON—A Chinese petrochemical giant and a Myanmar firm have jointly proposed to the Rakhine State government the development of nearly US$800 million (1.21 trillion kyats) worth of projects near the Kyaukphyu Special Economic Zone (SEZ)’s deep seaport and Ramree Island. The centerpiece of the proposal is a new logistics terminal on Maday Island situated 10 […]

MTSH planning a mall for Thilawa SEZ

Myanmar Thilawa SEZ Holdings (MTSH), a Yangon Stock Exchange listed real estate developer with a focus on developing Special Economic Zones (SEZ), is planning to build a mall in the Thilawa SEZ south of Yangon. MTSH executive director U Thurane Aung declined to say how much the company would be investing as a board decision […]