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Local, foreign direct investments to be permitted as soon as possible in Mandalay Region

The Mandalay Region government will permit local and foreign direct investments (FDIs), as soon as possible, if the proposals meet the necessary terms and conditions, said Dr. Zaw Myint Maung, Chief Minister of Mandalay Region. The Mandalay Region Investment Committee was formed in July 2017 after the Directorate of Investment and Company Administration handed over […]

GDP expands to 7.4pc as more companies are cleared for business

Mandalay Region, Myanmar’s second largest city, has permitted the opening of 14 local and foreign businesses in the 2017-2018 fiscal year, said Dr Zaw Myint Maung, chair of the Mandalay Regional Investment Committee. Nine foreign companies will contribute foreign direct investments totaling $13.6 million, while the remaining six companies will contribute K23.1 billion in local […]

Ks10 billion deducted from proposed expenditures to be used in nine regional development sectors

Over Ks10 billion deducted by the Mandalay regional Hluttaw from the proposed expenditures will be used for nine regional development sectors. The Mandalay regional Hluttaw deducted over Ks10 billion form the October 2018 to September 2019 expenditures, after the Hluttaw representatives pointed out in their discussions unnecessary or excessive expenses. Some nine Hluttaw representatives pointed […]

Thirty development projects in pipeline in Mandalay through fiscal 2020-21

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

Mandalay, gateway to India, China: US firms

To pave the way for making this a reality, a high level business delegation led by the American Chamber of Commerce in Myanmar (AMCHAM Myanmar), visited Mandalay and met with government officials. Andrew Lee, a AMCHAM Myanmar Executive Committee member and Country Manager for GE said, “As the second largest city in Myanmar and with […]

Faster, easier loans for Mandalay SMEs

The chair from Loan Implementation sub-committee, U Maung Maung Win, who is also the deputy minister for planning and finance, headed the meeting. It was held on Sunday at the Mandalay Regional Chamber of Commerce (MRCCI) premises. U Maung Maung Win said a working committee will ensure that a separate loan facility will be set […]

Yangon new bus system gets moving

The residents of Myanmar’s main commercial city are slowly adjusting to the new transport system, introduced nearly a month ago by the region’s chief minister. “It was chaos to begin with, but now we’re getting used to it,” office worker Mi Mi Chan told Asia Focus as she waited to catch her bus to work […]