DICA Advocates for Investment in Conflict Zones

By the end of the month, the Myan­mar Investment Commission will open a branch office in Sittwe to “provide a solution to re­gional conflict,” U Than Aung Kyaw, Deputy Di­rector General of Direc­torate of Investment and Company Administration (DICA) told Myanmar Business Today. Both the Union and State governments have expressed their desire to achieve […]

Uber Offers Solution to Yangon Traffic

Uber Myanmar re­cently released a report by Roland Berger that advocates for the use of ridesharing in Yangon, detailing the positive impacts its could have on the city’s chronic traffic. Compiled by interview­ing over 4,700 riders and drivers, the report con­cludes that ride-sharing, or the use of private cars for the public good, es­sentially, the […]

Crop insurance to soon be offered

Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]

Approved investment spikes in April with oil and gas projects

pproved Foreign Direct Investment approvals jumped in April on the back of significant declared investment in the oil and gas industry, according to statistics. A total of US$2.2 billion worth of declared investments were approved in April, with more than $2 billion of that from the oil and gas sector. The government has targeted $6 […]

Mobile boom in Myanmar

The most popular brand in Yangon is iPhone, but Chinese brands are seeing their popularity rise The quest for the best mobile phones is endless in Myanmar as consumers are now offered the vast selection of products to choose from as well as better mobile phone services. In the country where the gross domestic product […]

Undergrads Return to Crumbling Yangon University

YANGON — The campus is overrun by a tangled web of weeds and vines. Many of the books in the open-air library are ancient, their pages yellow. Students will have to share a handful of donated computers and put up with slow-speed Internet, at least at first. And professors are struggling to catch up with […]

Thai companies urged to invest in Myanmar ‘or miss out’

THAI enterprises should not delay when considering business and trade opportunities with Myanmar, otherwise they may lose out to other foreign investors, said Aung Than, vice chairman to the Mandalay Chamber of Commerce in Myanmar. With the ASEAN Economic Community (AEC) scheduled to commence in 2015, Aung Than said many foreign investors, particularly those from […]