YCDC budgets $77 million for Yangon flooding

The Yangon City Development Committee (YCDC) will spend US$77 million (K104.7 billion) to fund projects to end flooding in Yangon Region, said Yangon Mayor U Maung Maung Soe. The mayor said the money is part of the $124 million loan provided by the World Bank to end the perennial flooding in the country’s economic capital […]

Twelve enterprises recently permitted by MIC

The Myanmar Investment Commission (MIC) permitted 12 enterprises which are in line with investment regulations and laws in the current fiscal year 2017-2018, according to a recent meeting of MIC. A total of 4,343 job opportunities are created from those permitted enterprises. They consist of two Myanmar citizen enterprises, two foreign enterprises and eight joint […]

Myanmar moves towards establishment of Civil Service Academy

THE Union Civil Service Board (UCSB) held a consultation workshop on the establishment of a Civil Service Academy in Myanmar in cooperation with the Hanns Seidel Foundation in Nay Pyi Taw yesterday. UCSB Chairman Dr Win Thein and Mr. Archim Munz, resident representative of the foundation, spoke on the occasion where UCSB members, departmental heads, […]

EU launches EuroChamber in Myanmar, in big step to closer ties

European firms are expected to bring with them three things – finance, technology, and management, said the presidential economic adviser to welcome the launch of European Chamber of Commerce on Friday. “We need finance. We hope good European companies will come. Global brand names will come. We also hope the European companies will give us […]

First Female Myanmar 5 Star Hotel GM: ‘If They Can Do It, Why Can’t We?’

In early 2014, May Myat Mon Win became the general manager of the Chatrium Hotel Royal in Yangon, making her Myanmar’s first female head of a five-star hotel. Humble and energetic, skilled and passionate, May Myat Mon Win spoke with The Irrawaddy about what it takes to make it in Myanmar’s booming hospitality sector and […]

Overhauling Myanmar’s Education System

In addition to political reforms, Burma’s government is preparing to overhaul its public school system. Last year, the Ministry of Education began a two-year review to identify the main problem areas and come up with some possible solutions. The study is being led by a government body known as the Comprehensive Education Sector Review (CESR), […]

Singapore-based construction firm to invest in high-rise building project

Singapore-based Soilbuild Construction Group will offer management and consultancy services in the construction of a 24-storey high-rise building project in Myanmar, according to a spokesperson for the firm. In July this year, the firm signed an agreement to invest in Myanmar’s construction industry. The contract is worth approximately S$ 1.1-1.4 million. The inspections committee for […]

SGX-listed Yoma’s consortium succeeds in tender for management of Myanmar’s Mandalay Airport

Subscribe to our tender alert mailing list Yoma Strategic Holdings, a Myanmar focused, Singapore-listed company primarily involved in real estate, said on Monday that a consortium it formed with two Japanese companies, Mitsubishi Corporation and JALUX Inc., has been selected by the authority of Myanmar as the successful tenderer to “upgrade and operate” the Mandalay […]