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Tourist arrivals rise 3.15% in ’18

Myanmar received over 3.55 million foreign tourists last year, a 3.15 percent increase over the 3.44 million in 2017, according to the Ministry of Hotels and Tourism. “During 2018, tourist arrivals from western countries were low, and most visitors came from Asia, so the amount of tourism income will be different than last year, but […]

Danish Minister for taxation visits Myanmar

The Danish Ministerial delegation, led by Minister of Taxation Karsten Lauritzen paid a visit to Myanmar on 17-20 January 2019 The purpose of the visit is to exchange the viewpoint about tax policies and conditions for foreign companies in Myanmar. At the first day of the visit, Karsten Lauritzen paid a visit to Carlsberg, the […]

Myanmar plans smart city in Thilawa SEZ

The Thilawa Special Economic Zone Management Committee said it plans to invite foreign developers to set up a smart city in the Thilawa SEZ. Japan has proposed drafting a master plan for the project, and the plan is expected to be finished within this year. The proposal came up during a workshop on Implementation of […]

Keeping the menorah burning in Myanmar

The corner of MahaBandoola and 26th Street bustles with food service, tightly packed fashion stores, teashops and vendors. The cars squeeze by as people weave their way up and down on their daily business. The place is thriving all day, busy enough that unless you knew what you were looking for, you could easily miss […]

China faces backlash as it bids to rekindle stalled US$3.6 billion Myitsone Dam project

Political and religious leaders in Myanmar’s Kachin state have hit back at apparent efforts by Beijing to breathe new life into a controversial China-funded dam project as the Southeast Asian nation comes under fire from the West over its treatment of the Rohingya Muslims. In a joint statement released on Monday, three ethnic Kachin political […]

Myanmar to introduce card payment system with buses operating in Yangon

YANGON, Jan. 17 (Xinhua) — Myanmar’s Yangon Bus Service (YBS) is projecting to implement a card payment system to replace the present cash box system to facilitate passengers in taking buses, the official Global New Light of Myanmar reported Thursday. Within the next nine months, the YBS is planning to change the present system to […]

Up to eight insurance JVs expected in Myanmar this fiscal year: officials

Six to eight foreign insurance providers are expected to enter the Myanmar market via joint ventures with local providers this fiscal year, U Thaung Han, secretary of the Myanmar Insurance Association (MIA) and chair of CB Insurance told The Myanmar Times. On January 2, the Ministry of Planning and Finance (MOPF) officially permitted foreign insurance […]

19 Diplomatic Missions Considering Move to Capital: Govt

NAYPYITAW — Nineteen countries have proposed opening embassies in the diplomatic zone of Myanmar’s capital, Naypyitaw, and three have already acquired land there, said U Min Thu, a member of the Naypyitaw Development Committee. Bangladesh and Malaysia have bought land in the diplomatic zone while Brunei has exchanged its embassy compound in Yangon for property […]

Govt now processing 40 mining proposals

The Ministry of Natural Resources and Environmental Conservation (MONREC) has processed a total of 40 proposals for mineral exploration at large and medium sized mining blocks in Myanmar, its permanent secretary U Min Min Oo said. Feedback on whether any exploration activities will have an environmental or social impact is being sought from the state […]

Tech boom to bring in a new era in Myanmar

THOUGH DIGITAL literacy is still low in Myanmar, people’s eagerness to try new things and their ability to easily adapt to a new environment could generate a technology boom in the country by encouraging young entrepreneurs to establish tech-based companies, say tech experts. Mike Than Tun Win, founder and chief executive of BOD Tech Co […]