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 […]

Ministry of Hotels and Tourism reminds contractors to apply for building permits before, not after, construction

THE Hotels and Tourism Supervising Department, which falls under the Ministry of Hotels and Tourism, has made it known that a total of 36 hotels across Myanmar have applied for building permits as of this mid-July. Of the total number of hotels which made their applications between January and mid-July this year, 16 have been […]

Jovago aims high in Myanmar with hotel-booking app for domestic tourists

A NEW HOTEL booking app has been launched in Myanmar with the aim of boosting domestic tourism. Developed by Jovago, the app is available in Burmese and features a selection of more than 700 hotels across the country. It is targeting partnering 95 per cent of hotels in Myanmar by the end of this year. […]

MIC pushes through dozens of investment approvals

The commission, which answers directly to the President’s Office, meets several times a month to approve foreign, joint-venture and local investments. According to MIC information dating back to January 2015, the average number of investments approved at each meeting is just under 10. No more than 20 projects have been approved at any previous meeting. […]

Dry port discussions under way on China border

The Shan State government has approved the project, and has asked First Golden Dragon Company to secure consent from landowners, said Muse district administrator U Kyaw Kyaw Htun. The company hopes to build a 210-acre dry port including a highway bus station, space for trucks to load and unload, cold storage and new warehouses, he […]

More foreign investment foreseen in 2016-2017: MIC secretary

More investment from western countries might be seen in the 2016-2017 fiscal, said Aung Naing Oo, the secretary of the Myanmar Investment Commission. Aung Naing Oo spoke to reporters during a forum titled “New Myanmar Beyond 2015: The Need for New Paradigm” at Yangon Economic University on January 11. “More investment from western countries will […]

Second economic zone planned for 2016

A second central economic zone project (the Mindhamma project) will be implemented in Yangon in 2016, according to Yangon City Development Committee. Experts pointed out that the central economic zone should be separated from the city due to the population density and traffic jams in Yangon. The project will be built on a 37-acre site […]