No Profits or Share Dividends for YBPC Yet

​​ YANGON Bus Public Company (YBPC) has not received any profits after running for a year and hence the firm cannot pay dividends to its shareholders, according to Yangon Bus Public Company chair U Maung Aung. The YBPC was registered under the Ministry of National Planning and Economic Development and has been permitted to operate […]

What the US can learn from Myanmar about infrastructure investment

America’s infrastructure is headed down a bumpy road, and unless the country takes drastic action to fix its ailing transport, water, and other infrastructure systems, it might well wind up with the types of struggles I’ve witnessed recently in Myanmar. I am here in Myanmar teaching an international business class for our MBA students as […]

Chambers of Commerce to suggest economic development in seven sectors

To effectuate the development of local businesses, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will give guidance on the needs in seven different sectors — agriculture, construction, energy, manufacturing, tourism, technology and finance, said U Zaw Min Win, the chairman of UMFCCI. The UMFCCI will submit an assessment report in […]

MIC to remain under ministry control

Myanmar’s new government will not allow the Myanmar Investment Commission to become an independent entity, but the MIC is planning to amend its policies to relax investment restrictions and direct more capital flows into manufacturing, its secretary U Aung Naing Oo has said. There have been discussions about an independent MIC for several years. U […]

Chinese power in Myanmar

Economic development and manufacturing in Myanmar is due to get a boost in 2018 when the country’s largest power plant comes online, thanks to a joint venture between China and a local company. China’s Union Resources and Engineering Company will bring technological and engineering prowess to the project it is partnering with U Energy Tharketa […]

Tata Group set to focus on Vietnam, Myanmar

MUMBAI: At least seven companies of India’s oldest conglomerate, Tata Sons, have zeroed in on Vietnam and Myanmar as markets that need to be penetrated into. Growing economies and an expanding middle class, as well as pacts with global powers and tax incentives have made these countries important for firms that seek to reach out […]

SMART Myanmar launches 2nd phase of European Union funded project

SMART Myanmar held a kick-off launch event on 19 January at the UMFCCI with approximately 200 guests from factories, embassies and other stakeholders, according to a press release on the 20 January. More than 200 guests gathered at the UMFCCI on Tuesday to listen to speeches by the Ambassador of the European Union, Mr. Roland […]

Chinese investment in Myanmar’s SEZ pure business

The interests of Myanmar and its people will be the top consideration of the developers of two projects in Myanmar’s special economic zone (SEZ) in the town of Kyaukphyu, a company official told Xinhua recently. The China International Trust and Investment Corporation (CITIC) Construction company, together with four other Chinese companies and one Thai firm, […]

Real Estate Pro: ‘Overall, the Market Has Cooled Down’

Since earlier this year, Rangoon’s formerly dynamic real estate market has seen a striking cool-down in key locations in the city. While many factors have contributed to this economic malaise, Burma’s Nov. 8 general election, which is hoped to be the country’s freest and fairest in decades, has surely played a part. Because of the […]

Myanma Railways to invite Expression of Interest for “Consulting Service for Optical Fiber Cable Project” Closing Date: March 20th, 2015

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF RAIL TRANSPORTATION MYANMA RAILWAYS INVITATION TO EXPRESSION OF INTEREST FROM CONSULTING FIRMS FOR OPTICAL FIBER CABLE PROJECT In line with the National Development Plan, the Government of the Republic of the Union of Myanmar has been identifying the economic potentials to contribute to […]