Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]

Myanmar renews SEZ push

Myanmar’s special economic zones (SEZs) are a central part of a revitalised economic strategy in which increased manufacturing activity will play a key role. And breathing renewed life and energy into stagnant or stalled SEZs has moved to the top of the government’s agenda. “SEZs promote the transfer of technology, encourage infrastructure development and attract […]

Firm accused of cheating investors changes name, stays in business

The Malaysian-owned company that swindled millions of dollars from local investors has changed its name and is now being run by two Myanmar people, U Kyaw Swa Hein, a former director of the firm has told the media. The owners of Myanmar Junwell Global Co. Ltd – Loh Yun Poh, alias Mr. Alan, Wong Jyh […]

‘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 learn from Malaysia on ease of doing business

In order to raise its rank on the World Bank’s ease of doing business index, a Myanmar delegation recently visited Malaysia, which is much higher on the index, to study the situation there. Their findings will be reported to the ministries and Vice President, said U Aung Soe, director of the Myanmar Trade Promotion Team. […]

Draft Companies Law designed to remove obstacles for foreign investment

A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]

Sagaing minister slams mining law

The Sagaing Region minister for agriculture and livestock criticised the Mining Law for being weak. Kamzar Mone said the gold miners that operated recklessly continued their work after paying fines, and he claimed the law had flaws and needed reforms. “The fines for a gold miner for violating the law range from Ks500,000 (US$370) to […]

Invitation for Open Tender for construction of bituminous roads (60 km) in Shan State. Closing Date 26 May 2017

Subscribe to our tender alert mailing list 1. The Republic of the Union of Myanmar has received a Grant from the Federal Republic of Germany (KfW bank) through the Ministry of Agriculture, Livestock and Irrigation towards the cost of Rural Development Phase II & III. 2. Department of Rural Development under Ministry of Agriculture, Livestock […]