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YCDC to remove fibre cables of unregistered installation companies

Unregistered fibre lines which have been installed without permission on lampposts in Yangon Region will be removed, said U Lin Khaing, head of the Engineering Department (Roads and Bridges) of the Yangon City Development Committee (YCDC). According to the YCDC, only 23 companies have been approved and registered to install the fibre lines in Yangon […]

Withered leaves: the jailing of Myanmar’s hemp pioneers

A scheme to pioneer hemp cultivation in Myanmar resulted in a police raid, three arrests and an ongoing trial, despite being green-lit by the Mandalay Region government. AS WE ENTERED the compound of the family home in Myotha West village, we encountered a middle-aged man reading out loud from the Paṭṭhāna, a Buddhist scripture. A […]

Lawyer: US man had Myanmar’s permission to grow cannabis

YANGON, Myanmar (AP) — The arrest of an American man in Myanmar for growing 20 acres of cannabis plants is unjust because authorities were aware that his company was doing scientific research and police were confusing hemp with recreational marijuana, his lawyer said Friday. Attorney Thein Than Oo said that John Fredric Todoroki and the […]

MIC branches to be opened in Chin and Rakhine states

Myanmar Investment Commission (MIC) branch offices will be opened in Chin and Rakhine states in October, according to a report in the Myawady Daily yesterday. The MIC branch offices will be opened in every township in FY2017-2018. According to the MIC new law, the MIC commission branch offices have been granted to open in every […]

MGW’s Win Aung missing from top tax-payers list

Win Aung, managing director of MGW Construction, has been granted permission to construct eight high-rise commercial buildings in main business areas in Yangon such as Mayangon, Yankin and Bahan townships, making him one of the most prolific businessmen in Myanmar this year. MGW won permission to build the highest building in Yangon – Diamond Inya […]

Country’s tallest building to be 34 storeys

The Diamond Inya Palace condo could be the tallest building in the country if its full 34-storey plans come to fruition, according to project developers. Located on U Tun Nyein Street in Mayangone township to the northeast of Inya Lake, the project has already received the green light from the Committee for Quality Control of […]

No additional licenses for beer and cigarette factories, says MIC

The Myanmar Investment Commission (MIC) announced on December 2 that no more permissions will be granted to beer and cigarette manufacturers to operate in Myanmar. Carlsberg and Heineken were the last, according to the MIC. “In the local market, beer and cigarettes are in demand. If we don’t supply the consumers’ demand, these items will […]

77pc of Hotels Serving Alcohol without Permission: Ministry

Over seventy-seven percent of the hotels in Myanmar are selling liquor without taking alcohol licences, the Ministry of Home Affairs revealed. According to the Ministry, only 213 among 931 hotels in Myanmar applied for licence to sell liquor and the rest of the hotels are selling without licence. According to the liquor law, hotel owner […]

Luxury condo sales open at Ks 360,000 per square foot

The price for a luxury condominium unit currently under construction by KHG Development starts at Ks 360,000 per square foot, according to the company’s senior executive. “At the moment, one square foot runs between 360,000 and 400,000 kyats. The construction will take three years. Singaporean construction consultants will be involved with the project,” said Ye […]

Foreign banks will receive permission to operate soon, says vice chair of Myanmar’s Central Bank

U Sett Aung, the vice chairman of the Central Bank of Myanmar told a press conference held in Yangon on September 14 that foreign banks would be given permission to operate Myanmar at some point in late September or early October. Speaking at a press conference for the Myanmar Investment Meeting, held by Peninsula Press, […]