Myanmar’s ‘Valley of the Rubies’ emerges from shadows

MOGOK, Myanmar — When the world hears about Mogok, it usually concerns some hefty ruby unearthed in the region and auctioned for millions of dollars — the kind of discovery that has dominated news about the remote gem-mining town for decades. But with gnawing anxieties over dwindling gem deposits, locals are turning to a promising […]

Myanmar improving but still ‘super challenging’ for business: Study

[YANGON] Family-run firms, a lack of transparency and murky money networks in the former junta-led country continue to make doing business in Myanmar “super challenging”, a new study mapping the country’s top companies said on Monday (March 26). Myanmar’s economy remains dominated by military firms and an elite of crony capitalists – a legacy of […]

Yangon suspends property project near Mya Yeik Nyo Royal Hotel

Residents are objecting to a real estate development project earmarked for construction near the Mya Yeik Nyo Royal Hotel at Pale Street, Bahan township, as it is near Kokkine reservoir, which supplies water to nine townships in Yangon. Locals are concerned about potential damage to the reservoir and water pumping station, as well as obstruction […]

Car park regulations are stunting the Yangon condo market: Colliers

While the passing of the Condominium Law and its related rules is positive for the condo market in Yangon, the city’s car park regulations are the biggest barriers to growth in the market, said Mr Tony Picon, founder and director of Colliers International Myanmar, during a recent seminar on the Condominium Law and Rules hosted […]

Invitation for price quotations, Department of Rural Development (DRD)

The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of the National Electrification Project (NEP). The IDA No of the financing agreement is No-5727MM. The Department of Rural Development (DRD) of the Ministry of Agriculture, Livestock and Irrigation, in its role as implementing agency of […]

Myanmar’s mobile money services poised for expansion

THE rapid increase in the ranks of smartphone users in Myanmar is providing opportunities for the marketing of mobile money services in the country, a forum has heard. Stephen Swan, head of product and digital at Wave Money Myanmar, which provides the nation’s leading mobile wallet, said mobile penetration rates in Myanmar had exceeded all […]

Tilleke appoints former Kelvin Chia partner as head of Cambodia

Tilleke & Gibbins has hired Jay Cohen as the director of its Cambodia practice from Singapore’s Kelvin Chia Partnership (KCP). Cohen takes over from John E. King, who retired at the end of last year after 15 years as a Tilleke partner. Cohen, who has spent a decade working in Cambodia, Myanmar, and Singapore, specialises […]

Mya Khwa Nyo Housing Project to be built under Chinese investment

YANGON- Myanmar will be implementing Mya Khwa Nyo Housing project which cost over US$ 70 million joining hand with the Chinese investment, according to the press conference organized by Myanmar Investment Commission held on January 19th. The project will be built on over 3-acre wide land plot in Tharkayta Township, Yangon Region. “It is China- […]

Japan to boost education partnership with Myanmar

Japan looks forward to more Myanmar students taking part in a student exchange program this year, said Koetsu Yamazaki, president of Kanazawa University in Kanazawa Japan. The Japanese government signed a memorandum of agreement with two Myanmar universities – the College of Science and Engineering, Department of Geology, Dagon University in 2016, and University of […]

Myanmar better off in good graces with the West

Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]