Government proposes to raise import licensing fees

The government is planning to raise import licensing fees in response to the changing economic environment of the country. Ministry of Commerce deputy minister U Aung Htoo proposed the new fee structure, which will see licensing rates of a minimum of K30,000 to a maximum of K90,000, from the current rates of K250 to K50,000. […]

Groups to study how tourism sector handles Chinese visitors

The number of Chinese tourists has increased since Myanmar started giving visa exemptions so teams have been formed to monitor their visits, according to an official from the Ministry of Hotels and Tourism. On June 21, the ministry formed groups comprising regional tourism officials in Yangon, Mandalay and Bagan to monitor Chinese tourists. “Before, there […]

Local and foreign companies compete in smart car parking tender in Yangon

A total of 18 local and foreign companies are submitted tender to build smart car parking in Yangon Region, said MP Than Naing Oo of No.1 Pabedan Constituency on March 6. “A total of 60 applicants bought the tender proposal form and 18 of them are selected for the expression of interest. Some proposals are […]

High e-commerce potential, but growth stunted, for now

On November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]

What is the Future of the Media in Myanmar?

The media – once termed the “Fourth Estate” in society by British parliamentarian and philosopher Edmund Burke – plays a vital role in shaping democracy and open public discourse. Its role is particularly important in new democracies, as societies develop both economically and politically, with the people given the opportunity to think critically and vote […]

Auction nets extra K140m from fishing license

According to him, 122 ponds were auctioned by the regional fisheries department at its branch in Nat Yay Kan, Amarapura townhship, from May 3 to 9 and 105 ponds were sold. Figures from the statistics department show that over K400 million was received from ponds that were sold through tender blocks and over K130 million […]

International hotel chains open their doors in Myanmar

Since opening up the country, more tourists come and discover Myanmar and it is expected to grow even more. Therefore, more and more investors are seeing chances to begin their business here. That is why a lot of new hotels will open their doors as well in 2017. Since the new government, led by National […]

Doctors hang up their coats

The day Min Khite Soe San hung up his doctor’s coat for the last time was one of the happiest of his life. Like many other young people in Myanmar, Min Khite Soe San – who is now a well-known writer – studied medicine because of pressure from his family, who taught him from a […]

Oceanic leads Myanmar’s mobile hook-up

Wellington-based Oceanic Communications has taken giant strides into what is considered one of the world’s last two bastions of mobile phone networks, Myanmar. Oceanic is part of a successful bid by global communications giant Ooredoo for one of two mobile phone licences awarded to private companies by the Myanmar (formerly Burma) Government. Ooredoo is building […]

Central Bank makes first step to licensing foreign banks

Foreign banks with representative offices in Myanmar have been invited to submit “expressions of interest” to the Central Bank of Myanmar, the first step in allowing foreign banks to operate in Myanmar, according to officials. Letters requesting “expressions of interest” were sent out earlier this month and are due on May 30, said a Nay […]