M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

FTTH Internet Comes to Bago at a Low Cost

Internet service provid­er 5BB Broadband has introduced fiber optic home internet (FTTH) to Bago’s commercial areas at rate cheaper than in Yangon and Mandalay. A subsidiary of Global Technology Myanmar, 5BB Broadband is target­ing hotels and commer­cial areas in Shinsawpu and Likepyarkan quar­ters, Myoma market, and Shwe Maw Daw pagoda as recipients of its FTTH […]

Children’s rights bill inconsistent over child labour regulations

Sections within the draft law are inconsistent over the minimum working age, and child employment in many sectors remains unregulated A children’s rights draft law introduced to Pyidaungsu Hluttaw on July 7 fails to address inconsistencies between existing domestic laws regarding child employment and the legal minimum working age. The bill does not tackle grey […]

Myanmar to build more hotels in southern archipelago to boost tourism

Nine local and foreign companies have been granted by the Myanmar Investment Commission to build more hotels in the Myeik archipelago in southern Tanintharyi region. According to local directorate of hotels and tourist Sunday, the new hotels will be built on 12 islands of the archipelago. There are more than 800 islands in the region, […]

Yangon MP targets corruption

Government staff in Yangon Region are involved in the misuse of public finances, according to regional MP Than Naing Oo, representing Pabedan constituency no.1. “Some irregularities in the use of the union budget for 2015-16 fiscal year were found at the Home Affairs Ministry, Fire Service Department, dam and water management department, Ministry of Agriculture, […]

Seven foreign and local enterprises permitted to invest US$1,435.808 million

Seven foreign and local enterprises have received permission to invest US$1,435.808million, creating 5,533 job opportunities, according to the Myanmar Investment Commission meeting held on 21st January. There were foreign investments of US$1,416.080million and Myanmar Citizen investments of US$19.728million. The foreign investments were from China, Singapore, South Korea, Viet Nam and Samoa, it is learnt. The […]

Handicrafts Makers Say Intellectual Property Rights Law Needed to Boost Creative Industries

​​ Myanmar’s handicraft entrepreneurs have called on the government to speed up the process of passing legislation to protect intellectual property rights for artists, musicians and handicraft innovators. Intellectual property plays an essential role in Myanmar, including in the arts and crafts business, said Daw Ei Ei, secretary of the Myanmar Arts and Crafts Association, […]

Ministry to amend Myanmar Hotel and Tourism Law

The Ministry of Hotels and Tourism is preparing to make amendments to the Myanmar Hotel and Tourism Law of 1993 to effectuate tourism development in harmony with each township in various regions and states. The Hotels and Tourism ministry is exerting efforts in providing necessary tourism facilities by issuing licenses for hotels and guesthouses, travel […]

Singapore and China top in FDI

Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the list with a foreign direct investment (FDI) of US$2,529.803million from April to the end of October this fiscal year, followed by China with […]

Mandalay: 107 restaurants and a hotel fined for not having stamp duty

The Internal Revenue Department fined the owners of 107 restaurants and a hotel who failed to bear the stamp duty in their sale vouchers in Mandalay for the period from April to September, 2016, said U Kyaw Aung Moe, Assistant Director of Regional Internal Revenue Department. “It is not our country alone that assesses taxes—every […]