Virus prompts Myanmar State Counsellor to go online

State Counsellor Daw Aung San Suu Kyi on Wednesday activated her dormant Facebook account to provide people with information about the COVID-19 pandemic in the country. The State Counsellor admitted in her first post on April 1 that she is not an avid fan of social media but recognised its importance in reaching out to […]

Myanmar Launches Online “Project Bank” for Development Projects

YANGON—The Myanmar government has launched a centralized, publicly-accessible online platform to provide information on major investment projects that fall under the country’s sustainable development plan. The newly-launched Myanmar Project Bank aims to establish “a predictable and transparent system” and provides key data such as project descriptions, status, total project cost, financing plans and project timelines. […]

DICA to provide more services online

The Directorate of Investment and Company Administration (DICA) plans to digitalise all its services to speed up processes and reduce corruption risks. “Company registration was changed to digital system in 2018. Next step is for the whole DICA to become digital,” U Thant Sin Lwin, DICA director general, told The Myanmar Times. “It is for […]

Land bank to go online

Myanmar’s land bank will be fully digitalised and online access given to investors applying for land on which to do business in the country,” said U Thaung Tun, chair of Myanmar Investment Commission. Obtaining land is the main challenge for both local and foreign investors when they set up businesses in Myanmar. The country is […]

YCDC taxes can be paid by mobile phone from 1 Oct

YANGONITES will be able to pay Yangon City Development Committee’s (YCDC) taxes by mobile phone from 1 October. The mobile payment system for taxes was launched at a ceremony held on 12 September at the Yangon City Hall. The mobile payment system was introduced with the aim of facilitating the payment of YCDC taxes. It […]

Buyers in Singapore snap up US$6 million worth of Myanmar property

Myanmar citizens based in Singapore snapped up US$6 million worth of apartments and condominium units in Yangon at a two-day real estate fair held in the city state earlier this month. Hosted by iMyanmarHouse.com, Myanmar’s largest online property portal, the expo has been held at least once a year in Singapore since 2015 and targets […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Myanmar Amongst Fastest-Growing Ad Markets

Bangladesh and Myanmar are projected to be amongst the world’s fastest-growing in terms of ad spend over the next three years, according to Zenith’s Thirty Rising Media Markets report. In fact, Bangladesh would clock the second-largest growth rate in ad spend, expanding by USD$457m (£329.66m) between 2017 and 2020, when it could generate USD$1.31bn (£944.99m). […]

In Myanmar, Rocket’s Shop.Com Raises The Online Retail Stakes

I may have expressed doubts in the past about Rocket Internet’s claims to be the first mover in Asian countries. But when it comes to Myanmar, the giant German venture fund and startup cloner has made big strides very quickly. Since July, Rocket’s jobs classifieds site there, Work.com.mm has been racking up to 100,000 page-views […]