Rice federation proposes exports via Pathein, Sittway ports

Officials from Myanmar Rice Federation have submitted a plan to export rice via seaports in Pathein, Ayeyawady Region, and Sittway, Rakine State, in addition to Yangon ports, especially to Bangladesh. The proposal was made during a regular meeting between Vice President Myint Swe and Myanmar businesspeople at the office of the Republic of the Union […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Workers Demand Minimum Wage Increase

Around 2,000 workers staged a protest march in Hlaingthayar Township yesterday, demanding the immediate raising of the minimum daily wage to Ks 5,600. Members of the Myanmar Labour Union Network organised the protest in cooperation with workers from Pathein, Bago, Thanlyin, Mingaladon and Hlaingthayar townships. Hla Hla from the Myanmar Labour Union Network said: “We […]

Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

MPT Begins Rollout of LTE+ Network, Targets 30 Cities Across the Country by September

State owned telco MPT has begun roll­ing out its new Long Term Evolution network in Myanmar’s largest cit­ies, which, the company says, can be up to twice as fast as traditional 4G/LTE networks. Known as LTE+, the new network will enable download and uploads on mobile devices up to 10 times faster than a standard […]

Myanmar telecom competition heats up with 4G push

MYANMAR’S three telecommunications operators, buoyed by the burgeoning ranks of smartphone users, have intensified their efforts to provide 4G/Long-Term Evolution (LTE) services with the sales hook of faster data connections. Myanma Posts and Telecommunications, the nation’s leading telecommunications operator, on Monday launched Myanmar’s fastest data service, dubbed LTE+, with the 1.8GHz spectrum that was recently […]

MIC Green-Lights Nga Yoke Kaung Offshore Supply Base

A proposal to construct an offshore supply base for offshore blocks on a 30-acre company-owned land, at Nant Thar Pu village in Nga Yoke Kaung sub-township (Nga Pu Taw township), Pathein, Ayeyarwady Region, has been approved by Myanmar Investment Commission (MIC), Myint & Associates Offshore Supply Base (M&AOSB) said. M&AOSB is a subsidiary of Myint […]

Govt to Build 1m Apartments in 330 Towns By 2030

Myanmar is planning to finish the construction of over 1 million apartments in 330 towns across the country by 2030 under its urban development programme, according to the Ministry of Construction. The Department of Urban and Housing Development under the ministry is providing proper housing for the people in accord with its policy on long-term […]

Paw San Rice: Myanmar’s ticket back to the international stage?

It all started with a plate of fried rice. It was a simple, perfectly balanced dish: a handful of plump prawns, some shallots and diced vegetables. All resting atop a mound of fragrant (and locally grown), long-grained Paw San rice, with each grain distinct and curling at the ends like a baroque version of Basmati. […]

Myanmar Industrial Zone looking for JV Partner for Waste Water Treatment in Ayeyawaddy Region

Our client a major conglomerate in Myanmar is developing an Industrial Zone in the Ayeywaddy Region. See Google Map of location https://goo.gl/maps/SXa7wKcAs6n Our client is looking for a Waste Water Treatment Company that want to partner them in the joint development of the industrial zone. Our client will provide land as equity. All shareholders are […]