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Yangon govt to act against messy overhead cables

The Yangon Regional Government says it is going to take action against telecommunications companies for untidy telecom cables that crisscross roads and streets, Daw Nilar Kyaw, minister of electricity, industry, transportation and telecommunication said during the sitting of the regional assembly last Thursday. “We will be going to take action against the telecoms companies that […]

Myanmar launches new companies law to adapt to current age

YANGON, Aug. 1 (Xinhua) — Myanmar has instituted a new companies law after amendment of its outdated Companies Act-1914 to adapt to the current age, registering an important milestone with its measures of promoting foreign investment. The new Myanmar Companies Law-2017 comes into effect from Wednesday, enabling a company’s registration process to be done electronically […]

Over 5000 workers earn skills certificates in 2017

The Myanmar National Skills Standards Authority (NSSA) has issued more than 5000 certificates recognising workers’ skills during the 2017-2018 fiscal year, said Minister of the Ministry of Labour, Immigration, and Population U Thein Swe. A total of 5855 workers who applied to the NSSA took the examinations and 5164 workers were issued a certificate confirming […]

Japan mulls resuscitating failed Hanthawaddy airport proposal

Japan and Myanmar are in discussions about resuscitating the failed Hanthawaddy International Airport project, according to the transport minister. U Thant Sin Maung, Minister for the Ministry of Transport and Communication, held a meeting with Tsukasa Akimoto, Japan’s State Minister of Land, Infrastructure, Transport and Tourism in Park Royal Hotel, Yangon, on April 30. The […]

Concerns from multiple parties emerge following Grab, Uber merger

Concerns are mounting from multiple parties after Grab, the taxi ride hailing company, officially announced the acquisition of rival Uber’s Southeast Asia operations on Monday. ‘‘We have reached an agreement to combine our business in Southeast Asia with Grab. In exchange, Uber will take up a 27.5 percent stake in the combined company. After investing […]

India to hand over 18th locomotive

India will hand over the last of 18 locomotives procured under an Indian line of credit in Nay Pyi Taw today, according to the Indian embassy in Yangon. Mr Rajen Gohain, the visiting Indian minister of State Railways, will give the locomotives to U Thant Sin Maung, minister of Transport and Communications of Myanmar, at […]

Price, quality of domestic petrol and diesel under scrutiny in Yangon

Private petrol stations in Yangon are selling around 270,000 gallons of petrol and 150,000 gallons of diesel at spot prices on a daily basis, U Han Htoon, Minister of Agriculture, Livestock, Forestry and Energy said in the Yangon Parliament this week. Concerns over higher petrol and diesel prices are rising as global oil prices have […]

Myanmar considers direct imports, new infrastructure to lower domestic fuel costs

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Petroleum Trade Association (MPTA) have suggested that Myanmar directly import fuel oil from oil exporting countries in Asia. The move took place during a meeting with U Win Khine, Minister of the Ministry of Electricity and Energy (MOEE) at the UMFCCI […]

Environment ministry may resume teak production in ’18

The Ministry of Resources and Environmental Conservation hopes to resume teak production from an agricultural estate planted by the Forestry Department this year. A workshop to assess the situation of teak plantations that are 30 years or older was held in Nay Pyi Taw on Sunday. “We first tested teak production in 2012-13. We didn’t […]

Moscow steps up business with Nay Pyi Taw

At a Russia-Myanmar Intergovernmental Commission on Trade and Economic Cooperation (RMIC) meeting in Moscow last month, Russian commission chair Minister Maksim Oreshkin and Minister for the Ministry of Planning and Finance, U Kyaw Win, signed an agreement to set up a Russia trade representative office in Yangon. The trade representative office should be launched by […]