3 firms get permits to operate hotel businesses

The Myanmar Investment Commission (MIC) has granted permits to three local companies to operate hotel businesses in Nay Pyi Taw, Kayin and Rakhine regions. The three local companies are Max (Myanmar) Hotel Co Ltd to operate hotel servicing business in Nay Pyi Taw, Snow Diamond Co Ltd in Hpa-an Township, Kayin State, and Eden Hotels […]

Halt to liquor licences leads to informal deals

A clampdown on unlicensed liquor shops and a ban on new licences have created a robust secondary market for liquor licence permits and done comparativly little to prevent problem drinking, according to businesspeople. The Ministry of Home Affairs last year raided about 2000 liquor shops to check on licences, making it increasingly important that shops […]

Gov’t to Issue Permits to Small Timers to Control Illegal Mining

The government is considering granting permits to small time miners through township administration levels to curb illegal mining activities, according to the Ministry of Mines. The ministry intends to include the provision in a planned amendment current mining law, U Kyaw Thet, a director at the ministry, said, adding that necessary assessments will be conducted […]

31 foreign hotels get permits

According to the Ministry of Hotels and Tourism, 31 foreign investment hotels have been permitted to open in six regions, including Bagan and Mandalay. Twenty hotels with a total of 3,047 rooms are allowed to open in Yangon, four hotels with 660 rooms in Mandalay and one with 127 rooms in Bagan. Two foreign investment […]

Permits to import wine, spirits due by end of year, official says

Wine is at the top of the list for granting official import permits for foreign-made alcohol and the permits should be granted by the end of the year, according to a senior official at the Ministry of Commerce’s Directorate of Trade. He said official permits for importing foreign liquor would also be ready by the […]

Kempinski’s property to open in November

Kempinski Hotels, Europe’s oldest luxury hotel company, is banking on activities that Nay Pyi Taw will attract in the years to come, which would ensure success for its first property in the capital city. To start welcoming guests on November 1, Kempinski Hotel Nay Pyi Taw expected that the first clients would be delegates to […]

Miners Face Permit Delays As Parliament Debates New Bill

Myanmar’s mining enterprises are facing delays in receiving permits after a newly proposed bill aimed at relaxing the central government’s exclusive control over mining operations in the country stirred debate in the parliament. The Mineral and Resource Committee of the Upper House recently drafted a new mining bill and submitted it to the Lower House. […]

YCDC officials deflect permit delay claims

The Yangon City Development Committee’s (YCDC) building department hit back at claims that it delays issuing permits and does so improperly, during an October 29 press conference. U Maung Maung Zaw, the department’s head, said nearly 50 percent more permits have been issued in 2013 than in 2012. ‘’In the 2012-13 year we issued 2024 […]

Myanma Insurance permits five private firms for first time in 50 years

Myanma Insurance, the sole state-owned insurance organization in Myanmar, has permitted five private firms to offer insurance services in the country for the first time in 50 years. IKBZ Insurance Co Ltd, Grand Guardian Co Ltd, Aung Thitsar Oo Co Ltd, National Economy Public Co, and Aung Myint Mo Min Insurance Co Ltd were given […]