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 […]

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 […]