MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Sale of maize from northern Shan State to resume next month

The sale of maize produced in northern Shan State was suspended during the second week of December due to low demand from foreign countries, but will resume in mid-January, said maize merchants. The merchants are waiting for the fresh maize to produce and then, they will clear out all the stocks together with the fresh […]

Wave Money Set for Ambitious Growth in Myanmar

WAVE MONEY, the first company to be awarded a licence under Myanmar’s mobile financial services regulations, is planning for ambitious growth in the country, according to Vibeke Siljan Krohn, the firm’s head of sales, marketing and distribution. Krohn said the company was focused on the mass market with the goal of providing mobile financial services […]

Nay Pyi Taw villages rewired in 100 days electrification plan

The government has arranged to connect 1150 households in Nay Pyi Taw’s Ottarathiri township to the national electricity grid as part of the new administration’s 100-day plans, according to U San Yu, deputy secretary of the Ministry of Electricity and Energy. The initiative is part of a broader effort to bring electricity to more than 15,000 […]

Telecom price war intensifies

The price war in Myanmar’s telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar’s Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. […]

Telenor Launches New Handsets

Mobile network operator Telenor Myanmar last week introduced its new handsets to the public. The new phones called T300M and T400M became available in Telenor shops and a range of outlets in areas where the network is in operation from March 26. The introduction of the feature- and smartphone follows the two first Telenor handsets […]

World Bank’s US$100 million credit to Myanmar continues hydroelectric infrastructure development in Irrawaddy River Basin

Some of the 20 planned hydropower plants for Myanmar (formerly Burma), which is located in South East Asia, will be constructed within the Irrawaddy (Ayeyarwady in Burmese) River Basin, according to the Government of the Republic of the Union of Myanmar Ministry of Electric Power (MOEP). Myanmar has numerous hydroelectric projects in development, but last […]

Possible first wind farm locations announced

Yangon and Ayeyarwady regions, as well as Rakhine State, may be among the country’s first locations to receive windmill-generated electricity after power producers from China and Thailand announced their continued progress to develop wind farms, officials said. China’s Three Gorges Co and Gunkul Engineering Public Co of Thailand each signed a pair of agreements with […]

Illegal car trading occurs along Myanmar border

Cars are being illegally imported to Myanmar through forty routes along Myanmar border, according to the Deputy Minister Dr. Pwint San of the Ministry of Commerce on July 23 at Naypyitaw. From 2011-2012 financial year to 2013 June in new Government administration, more than 2007 cars without license have been seized in three states, and […]