Myanmar hires China Communications to survey bold new city

Myanmar’s plans to build a city twice the size of Singapore took a step forward this week with the signing of a framework agreement with China Communications Construction Company (CCCC) to conduct preconstruction surveys as a prelude to the $1.5bn first phase of the scheme. It may not be CCCC, a huge state-owned company, who […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]

Business Matters: Ivan Pun

The serial entrepreneur and creative visionary sits down with Generation T Business Matters is a regular series where entrepreneurs share what matters to them. Generation T lister Ivan Pun has reputation for being a consummate host and the life and soul of the party. But don’t mistake him for a party boy. The hardworking Hong […]

Is Hong Kong ready for return of domestic helpers from Myanmar?

More than three years after Myanmar stopped its citizens from working as domestic helpers in Hong Kong, a local lawmaker is paving the way for their return – but this time as nursing carers looking after the city’s growing elderly population. The drive, initiated by Liberal Party lawmaker Felix Chung Kwok-pan, is seen as the […]

70% of foreign investment comes through Yangon

About 70 per cent of overall foreign investment flowing into Myanmar comes through Yangon region, said Deputy Director Than Aung Kyaw from the Directorate of Investment and Companies Administration (DICA). Investment committees from regions and states are allowed investments worth US$5 million and 6 billion kyat. Yangon region investment committee allowed 27 foreign investments and […]

Myanmar to hold pearl auction in Hong Kong to penetrate int’l market

YANGON, Feb. 22 (Xinhua) — Myanmar will hold its sixth International Pearl Auction in China’s Hong Kong Special Administrative Region starting Friday, the official Global New Light of Myanmar reported Thursday. In the three-day pearl auction with the aim of penetrating the international pearl market, Myanmar pearls of high value, produced from Myeik, the country’s […]

New technologies needed as prawn, shrimp exports dwindle

Myanmar shrimp and prawn exporters are facing a growing shortage of supplies due to the erosion of their natural habitats and unsuccessful breeding techniques, according to a report analysing exports to Japan supported by the Japan International Cooperation Agency (JICA). A lack of preservation of fishery resources in Myanmar has led to a decline in […]

Myotha Project Draws Investments of K150B, Developer Eyes IPO

With the Mandalay Myotha Industrial Project having attracted local and foreign investments totaling K150.5 billion so far, officials are now eyeing a public listing in the near future, said U Aung Win Khaing, chair of the project’s developer, Mandalay Myotha Industrial Development Public Co Ltd (MMID). “We are aiming for an Initial Public Offering in […]

Myanmar Vows to Improve Company Registry, Cut Red Tape

Myanmar plans to launch an electronic company-registry system this year and boost its efforts to reduce red tape for businesses after it amended its Companies Act last month to attract foreign investment. “Within six to seven months, Myanmar will establish an electronic company-registry system similar to what we have seen in Hong Kong,” Robert San […]