Metro Cash & Carry enters Myanmar, centres Thilawa

Metro Cash & Carry, an international specialist in wholesale and food retail with a presence in 25 countries, recently entered Myanmar by kicking off construction of its warehouse in Thilawa special economic zone earlier this month. Tiparayat Kaewsringarm, deputy CEO of Metro Wholesale Myanmar, the company’s Myanmar subsidiary, said in an interview that the firm […]

Citizens working overseas expected to boost demand for condo market

Real estate portal Shwe Property will be hold their first real estate expo in Singapore this month on August 26 and 27, targeting Myanmar citizens working in the city state. “It’s the first Shwe Property Expo catered to the Myanmar people working in Singapore. “Currently we have already over 1,350 registered visitors who are all […]

Commit-and-Act Approach Expected Among Investors

Despite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]

New Version of Health Insurance to be Introduced Next Year

​​ Myanmar Insurance said it will launch a new version of health insurance, beginning January 2017. The MI has classified the premium rates based on the age groups. Myanmar citizens aged between 6 and 65 and foreign citizens who have already got a temporary stay permit can purchase the product. People can purchase three others […]

Property Brokers Eye Offshore Condo Sales

Local property agents are expanding further into Singapore’s condominium market, taking the opportunity presented by a change in visa regulations, contained prices and a friendly regulatory environment. However, demand for purchasing property overseas is still lagging. Myanmar investors currently represent less than 1 percent of the foreigners buying into the Singapore property market, according to a report […]

Thai cabinet extend temporary visit passes for Myanmar citizens

A Thai cabinet meeting will decide this month whether to allow Myanmar citizens to visit Thailand for three nights and four days at a time via the Mawtaung border area. If the proposal is approved, Myanmar citizens will be able to cross into Prachuab Khiri Khan Province, Thailand, via Mawtaung, located in the Thein Khun […]

U.S. temporarily lifts trade restrictions on Myanmar shipping hubs

The United States is temporarily easing trade restrictions on Myanmar by allowing all shipments to go through its ports and airports for six months, an effort to boost the Southeast Asian country’s opposition party after its landmark election win in November, U.S. officials said on Monday. The policy change, coming after Aung San Suu Kyi’s […]

Jade miner turns hand to Yangon condo

Nay Min Kabar Gems & Jade Mining Company has made its debut in the real estate sector, launching a mid-range condominium in Yangon through its subsidiary Green Development. Apartments in the Leaf Residence went on sale last week, spokesperson Ko Zaw Min Htoo told The Myanmar Times. Units are being sold-off plan for the 12.5-storey […]

Ministry processing first batch of PR applicants

Immigration officials have begun to process the first batch of applications for permanent residency. While an office set up in downtown Yangon has temporarily stopped answering enquiries or handing out application forms, they insist the process has not been suspended and an online version of the application is still available. Sixty applications – including 34 […]

Permanent Residency Applications Open

Applications for the Permanent Residency (PR) have begun, starting on December 29, a senior official form the Ministry of Immigration and Population told reporters at a briefing. On the first day of application collection, 96 people applied for permanent residency, most of whom are ethnically Myanmar, but citizens of other countries. Two committees, a central […]