Govt to seek parliamentary approval for Yangon SEZ

The union government will seek approval from union parliament to establish Yangon Special Economic Zone on about 20,000 acres of land covering Dala, Kawhmu and Kungyangon townships in Yangon Region, according to a development proposal plan of the region. Currently, the Yangon region government is holding a series of work coordination meetings on the implementation […]

Domestic businesses need to lobby govt to liberalise economy

Those who expect the government alone will deliver economic reforms are barking up the wrong tree. Domestic businesses need to play their part and push for reforms. The Myanmar government recently appointed a competent finance minister and decided to retain the central bank governor. These appointments and changes warrant a review of how the executive […]

Shut down of Moehti Moemi gold mine helps no one: company

The government’s suspension of the Moehti Moemi gold mining concession had affected the lives of 5000 company workers, and had cost the government between 26.6 kilograms and 53.2kg of gold in lost monthly revenue, U Soe Tun Shein, chairman of National Prosperity Co Ltd, which operated the concession, said at a press conference last Friday. […]

Retailers flag need to regulate e-commerce industry

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

Government will launch tenders for upgrade, of two oil refineries

The government will soon launch tenders for the construction of at least two oil refineries, now “urgently required” on the back of rising demand and higher oil prices, which has led to a much higher petrol import bill of late. “We will need one big oil refinery to cover expected demand for products like petroleum […]

683 people removed from Myanmar’s immigration blacklist in 2 years

YANGON, May 26 (Xinhua) — A total of 683 people, including 403 foreign citizens, as well as 35 passports were removed from blacklist in Myanmar during the two-year tenure of the incumbent government, according to a press release from the Ministry of Labor, Immigration and Population on Saturday. To enable prompt identification process to other […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Invitation for Bids, Department of Power, Transmission and System Control (DPTSC), Submission Date: 31 July 2018.

Loan Agreement No.MY-P8 dated 26/March/2015 IFB No. 1(T) DPTSC (PTP)/2018-2019 1. The Government of the Republic of the Union of Myanmar has received ODA Loan from Japan International Cooperation Agency (JICA). The Bid is invited by Department of Power Transmission and System Control (DPTSC) for the design, supply, installation including Civil and Building works of […]

Financial services among the fastest growing sectors in Myanmar

The financial sector rose the most among 15 sectors managed by the government in the first six months of the 2017-18 fiscal year, growing 22 percent as a result of the implementation of new financial services, U Set Aung, deputy minister of the Ministry of Planning and Finance, at Pyidaungsu Hluttaw meeting on Thursday. “If […]