Investments, Solutions Needed on Back of Black Bean Price Collapse

Despite efforts to support the local bean industry after India imposed harsh restrictions on imports from Myanmar, businesses along the entire black bean supply chain have taken a hit and more investments are needed to support ailing farmers. While demand for mung beans and pigeon peas from China, Nepal and Pakistan has been able to […]

Despite High Operating Costs, CEO of Yangon’s New Bus System Remains Optimistic

YANGON— Dubbed one of the first big reforms made by the National League for Democracy government in Myanmar’s financial hub Yangon, a new public transport system known as the Yangon Bus System (YBS) will turn one next month. The new system was aimed at replacing the former capital’s old bus service—the Rangoon Motor Vehicles Supervisory […]

New Strategy Needed to Heal “Sick” Myanmar Economy

A new strategy encompassing the customs and values of the Myanmar people, including members of the Tatmadaw, residents, civilians and nationals residing abroad, is necessary to treat a “sick” Myanmar economy,” said Dr. Myint, who was Chief Economic Advisor of former President U Thein Sein, during the Union of Myanmar Federation of Chambers of Commerce […]

New SEZ at Dala Township on the Cards

A new Special Economic Zone (SEZ) will be established at Dala township in the Yangon Region after completion of the Yangon-Dala Bridge, said Yangon Chief Minister U Phyo Min Thein at the Challenges for Business Enterprises in 2018 public talk at the Union of Myanmar Federation of Chambers of Commerce and Industry headquarters on Sunday. […]

Finance Minister Admits Economy is Underperforming

NAYPYITAW — Planning and Finance Minister U Kyaw Win has admitted that Myanmar’s economy has not improved as well as expected, six months after he compared the country’s economy to a jet plane about to take off. “There are suggestions that the country’s economy has not picked up as we expected. Considering the current situation, we […]

Myanmar Allows Import of U.S. Corn

Myanmar imposed new pest risk analysis requirements for imported plant-related commodities, including U.S. corn, on Jan. 1, 2017. Under the new directive, the Myanmar Plant Protection Division (PPD) prohibited the import of plant and plant-related products unless the exporting country provided this new information, which includes how the country deals with pest outbreaks and is […]

Myanmar to regulate ride-hailing companies

The Myanmar government is looking at coming out with regulations to govern the technology-based ride-hailing app space, seeking to provide a level playing field to the operators, according to DealstreetAsia. The report quoted Nilar Kyaw, Minister of Electricity, Industry, Transport & Communication saying at the regional Parliament earlier this month that the Road Transport Administration […]

Govt to Turn 15 Pazuntaung Township Streets Into One-Way Lanes

The regional government is planning to turn 15 streets in Pazuntaung Township into one-way lanes, said Yangon Region Electricity, Industry and Transport Minister Nilar Kyaw during a parliamentary session held on November 30. She was replying to a question raised by MP Khin Maung Win of No. 1 Pazuntaung Constituency about whether the regional government […]

Announcement of Myanmar Investment Commission, Invitation to invest within Kayin State

1. The Myanmar Investment Commission has been holding Investment Fairs, rotating yearly, across the States and Regions in order to promote and invite investment for balanced economic development. Accordingly, this year’s Investment Fair will be held in Hpa-An Township, Kayin State on 24th November, 2017. 2. Investing in Kayin State would be beneficial for investors […]

Vessels Plying Rivers and Streams in Yangon to be Inspected

Yangon region government is planning to monitor and inspect all vessels running in rivers and streams in the region as quickly as possible, said Nilar Kyaw, regional minister for electricity, industry and transport during a parliament session held on November 20. She replied to a question raised by MP Thein Swe of No.2 Seikkyi Kanaungto […]