Myanmar and Aireon to Collaborate on Space-Based Air Traffic Monitoring System

The Department of Civil Aviation (DCA) in Myanmar just announced it has signed a Memorandum of Agreement with Aireon LLC, a Virginia, U.S. based air traffic surveillance system provider, to collaborate on a concept of operations and benefits analysis for the deployment of Aireon’s space-based Automatic Dependent Surveillance-Broadcast (ADS-B) service. DCA provides air traffic control, […]

Myanmar accedes to CLC Protocol

Myanmar has deposited its instrument of accession to the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage (CLC). The efforts to bring the legislation into national law followed the participation of Myanmar at a five-day workshop hosted by IMO in November 2015, during which Government officials from Myanmar gained insight […]

Will YSX Deal a Blow to Burma’s Real Estate Market?

Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]

Aid being rushed to Myanmar’s flood victims

As local and civil society groups coordinate to rush aid to victims caught up in floods, the Myanmar government has played down criticism that it was under prepared for the disaster. YANGON: International aid efforts are being accelerated to help flood victims in Myanmar as hundreds of thousands of people have been affected by massive […]

OBG Teams Up with Kelvin Chia Yangon Ltd

UK-based publishing firm Oxford Business Group (OBG) has signed a memorandum of understanding on research with law firm Kelvin Chia Yangon Ltd to produce the Law Chapter of OBG’s country report for Myanmar in 2016. This is the third time that OBG has teamed up with Kelvin Chia to provide analysis of Myanmar’s legal framework. […]

Dagon City 1 project gets prime land in Yangon

YANGON – A multipurpose residential project including office buildings, apartments and a five-star hotel will be built on military land near the Yangon Zoo. The project named Dagon City 1 is a joint venture between the Thukhayadana Company from Myanmar and the Marga Group, a coalition of experts and investors from Hong Kong, Korea and […]

Myanmar welcomes ancient cities entry on World Heritage list

Myanmar on Monday welcomed the designation of its ancient Pyu kingdom cities as a UNESCO world heritage site, marking its first entry onto the UN cultural agency’s prized list. YANGON: Myanmar on Monday welcomed the designation of its ancient Pyu kingdom cities as a UNESCO world heritage site, marking its first entry onto the UN […]

Vietnamese bank steps in to finance local small-scale loans

The Small and Medium Industrial Development Bank (SMIDB) will fund its SME loan program this year through a Vietnamese wholesale loan at half the interest of previous loans from Myanmar state-run banks, officials said. The US$30 million wholesale loan from Bank of Investment and Development of Vietnam (BIDV) at a 4 percent interest rate will […]

Rising rice yields seen as golden opportunity

Myanmar can more than double rice exports by improving farm productivity, cutting export costs, and opening milling sector to FDI Once the world’s top rice exporter, Myanmar has a chance to rejuvenate its glory days if its export strategy is reviewed, the World Bank said. The country’s rice exports could more than double if production […]

Myanmar Can Double Rice Exports Through Policy Reforms: WB

Myanmar has the potential to more than double its rice exports by implementing policy reforms, a new World Bank report said. In a bid to increase rice exports, Myanmar has to diversify and increase its rice production, open its rice milling sector to direct foreign investments and reduce export procedure costs, thereby alleviating rural poverty, […]