Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

How Mytel is Set to Shake Up Myanmar’s Telecoms Sector

​​ The entrance of a new operator to Myan­mar’s telecoms sec­tor has brought a wave of new investment and heightened competition to an already crowded mar­ket, promising expanded service options and lower pricing for consumers. In mid-January the telecoms regulator, the Ministry of Transport and Communications, for­mally issued the country’s fourth nationwide tel­ecommunications licence (NTL) […]

Pun-Backed Project At Yangon’s Colonial Railway Building Wins ‘Milestone’ Government Approval

​​ The Myanmar In­vestment Com­mission (MIC) has given approval to a mixed-use mega project at the heritage listed My­anmar Railway Company building in downtown Yangon. The Landmark Devel­opment, as it’s known, is divided into two parts. The redevelopment of the colonial era Myan­mar Railway Company building into the five star Peninsula Hotel Yangon and a […]

Yangon’s SRT Bus Line Closes Due to Losses

​​ YANGON, Myanmar – Yangon’s SRT bus line, launched with government help last year as a model for passenger-friendly transportation, is to close on Dec 8 after losing 690 million kyat (about 18.7 million baht). SRT bus line started running in early 2015 in cooperation with the Ministry of Transport in an attempt to bring […]

Taxi Count Needed Before Industry Reform

The Yangon Region Transport Authority (YRTA) is undertaking a taxi census, as it attempts to rein in the largely unregulated industry. YRTA secretary U Maung Aung said a formal, standardised registration process will begin once they have taken stock of the city’s fleet. At present, Yangon taxis are operated by private owners and subject to […]

Days Numbered for BM Buses

Yangon’s rickety and ageing fleet of locally made and privately operated buses are gradually getting phased out amid tighter regulations, after years of accidents and customer complaints. The so-called “BM buses” are soon to come under the auspices of the Road Transport Administration Department (RTAD), Yangon Region Supervisory Committee for Motor Vehicles chair U Hla […]

DCA Submits Plan For Regional Airports to Be Privately Run

The Department of Civil Aviation has submitted a plan under which private firms would renovate and run regional domestic airports across Myanmar under public-private partnership (PPP) agreements, deputy director general U Ye Htut Aung told The Myanmar Times. The DCA submitted the plan to the Ministry of Transport and Communications last month for inspection, which in […]

Hanthawaddy Intl Airport Awaiting Loan From Japan

Hanthawaddy International Airport, a state-of-the-art airport project slated for development in Bago Region, will be ready for construction once the Myanmar receives the US$706 million loan pledged by the Japanese government, said an official from the Ministry of Transport and Communication. “The feasibility report and final report have been done. But Japan’s overseas development aid […]

Hanthawaddy Airport Agreement in Final Stage

RANGOON — A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Rangoon, according to a government minister. U Thant Sin Maung, Burma’s Minister for Transport and Communications, told lawmakers during the parliamentary session on Tuesday […]

Water express tender imminent

The Yangon Region government will call a tender before the end of this month for private companies interested in providing river transport services, U Maung Aung, secretary of the Yangon Region Transport Authority (YRTA), said. The regional government’s chief minister U Phyo Min Thein announced atransport reform initiative covering roads, railways and waterways in July. The […]