Myanmar issues over US$8 billion worth of trade permits during COVID-19

Over $8 billion worth of export/import permits have been issued online system since the pandemic, said U Min Aung Aye, director of the Department of Trading under the Ministry of Commerce. From April 1 to September 23, a total of 23,820 licenses to trade valued at around US$8.3 billion were issued by the ministry. “Anyone […]

MIC approves US$290 mln port, container yard development project last Friday

The Myanmar Investment Commission (MIC) recently gave the green light to one project for the development, operation and maintenance of the Ahlon International Port Terminal and container yard on a build, operate and transfer basis, with an estimated initial capital investment of US$ 290.124 million, according to the MIC. The project is a wholly foreign […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

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. […]