Tailor Shop Family Accused of Abuse and Enslavement to be Formally Charged

On Thursday a court will decide on the charges with which to prosecute six family members for torturing and enslaving two children in a downtown Rangoon tailoring shop for five years. Ko Latt, 63, Tin Thuzar, 59, Tin Min Latt, 37, Yarzar Tun, 25, Su Mon Latt, 27, and Thiri Latt, 37, who ran Ava […]

Five awarded Eisenhower Fellowship with the assistance of Max Myanmar Zaw Zaw

Zaw Zaw (right) of the Max Myanmar Company speaks to Colin Powell, former US secretary of state. Five citizens have got Eisenhower Fellowship sponsored by the United States for the first time with the assistance of Zaw Zaw, chairman of Max Myanmar Group of Companies. The Eisenhower Fellowship 2017 Programme will start on October 1 […]

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]

80 tonnes of Myanmar coffee to ship to America and China (Taipei) this year

About 80 tonnes of Myanmar’s coffee is planned to be exported to the US and China (Taipei) this year, according to the Myanmar Coffee Association. In 2016, about 40 tonnes of Arabica produced from Ywangan were exported to these markets. The export volume is is being boosted this year, said U Win Aung Kyaw, the […]

New rules planned for government tenders

The new rules will govern tender practices for this financial year, said U Saw Hla Tun, a member of the committee. Existing rules relating to contracts awarded by ministries have not been widely followed, he said, resulting in a lack of transparency in government-led projects. In 2013 the President’s Office issued a directive with rules […]

Investors waiting to bid as Kyaukphyu SEZ masterplan gets underway

Would be investors in the Kyaukpyu Special Economic Zone in Rakhine State are awaiting invitations to tender, but no date has yet been set for the issuance of invitations as experts work on a master plan for the zone. A consortium of consulting firms selected to develop the master plan and manage the tender process […]

IFC provides local bank US$ 5 million for trade financing

YANGON—The International Finance Corporation announced on Tuesday that it has provided a US$ 5 million trade finance facility to locally-owned Myanmar Oriental Bank Limited that will allow the bank to help local companies increase their imports and exports, generate more foreign exchange, and create jobs. This facility will enhance MOB’s capacity to cover the payment […]