US Gems Association Eyes Trade Ties as Sanctions End

The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade. The association’s president, Jeffrey Bilgore, said the mission had been […]

New Power Plant to be Established in Ayeyawady

THE AYEYAWADY Region government plans to build its own power plant capable of producing up to 50 megawatts of electricity with the aim of fulfilling the growing local energy demands in the coming summer. The current daily consumption of electricity in the region is 97 megawatts. It is estimated that the consumption rate is likely […]

Govt’s Foreign Investment Policy to be Released this Month

RANGOON – Foreign investment policy will be announced this month after President Htin Kyaw passes a revamped Myanmar Investment Law, according to secretary of the Myanmar Investment Commission (MIC) U Aung Naing Oo. Burma’s business community has been growing impatient waiting for details of foreign investment policy after criticizing the government’s 12-part overall economic policy […]

UK aid program seeks to make it easier to do business in Myanmar

The United Kingdom’s development arm announced a £25 million (US$32.5 million) aid program yesterday geared toward making it easier to do business in Myanmar and boosting growth in key sectors of the economy, like agriculture and garment manufacturing. The UK and Australia are currently working with the Directorate of Investment and Company Administration and the […]

French business group seeks trade increase

The French Myanmar Chamber of Commerce and Industry is taking a delegation of local firms to France next month, and is planning to a hold a French fair in Yangon later this year as part of efforts to boost trade relations between the two nations. The aim of the trade mission is to help Myanmar companies […]

SINGAPORE — The Singapore Business Federation (SBF) will lead a six-day business mission to Myanmar from Monday (Sept 12), the first since President Htin Kyaw took office in March. Led by SBF chairman S S Teo, 45 delegates from sectors including property, legal, accountancy, education, publishing, shipping and logistics, construction, civil engineering will visit the […]

British Chamber Launches Business Program to Entice UK Firms to Myanmar

The British Chamber of Commerce has launched a variety of business services to help attract British businesses to enter the Myanmar market. Some of the more prominent services the chamber is offering include business matching, market visits, trade missionsand bespoke events where businesses can showcase their products and services. With Myanmar considered one of the […]

Workshop on investment opportunities for foreigners in Myanmar agricultural sector held in Mandalay

A workshop on investment opportunities for foreigners in the Myanmar agricultural sector organised by the Myanmar Fruit, Flower and Vegetable Producers and Exporters Association took place in the meeting hall of the Mandalay Region Chamber of Commerce and Industry (MRCCI) in Mandalay on Monday 22 August. At the workshop, the Director General U Aung Soe […]

Myanmar foreign investment drops as democracy transition inspires caution

Aug 12 Myanmar’s democratic transition instilled caution in investors, with foreign direct investment during the first four months of the government led by Aung San Suu Kyi dropping sharply from a year ago, government data show. Foreign companies invested $380 million from April to July, the first four months of Myanmar’s fiscal year, plummeting from […]

Government temporarily closes large-scale Ayeyawady brewery

THE Yaung Ni Brewery, situated in Ayeyawady Region’s Myanaung Township, has been ordered by regional government to suspend its activities after the Brewery was found to be in violation of waste management regulations. The government’s directive comes following a surprise inspection to the brewery during which it was discovered they were polluting nearby streams and […]