YANGON — The Directorate of Investment and Company Administration (DICA) announced on Friday that companies and body corporates are not allowed to donate money either directly or indirectly to ministries or regional government departments, citing the Myanmar Companies Law 2017, to prevent corruption between government bodies and private companies. U Aung Naing Oo, director general […]
Myanmar hires China Communications to survey bold new city
May 8, 2018 by
Myanmar’s plans to build a city twice the size of Singapore took a step forward this week with the signing of a framework agreement with China Communications Construction Company (CCCC) to conduct preconstruction surveys as a prelude to the $1.5bn first phase of the scheme. It may not be CCCC, a huge state-owned company, who […]
Myanmar businesses join hands for FDI
May 7, 2018 by
THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]
New Yangon City Phase-1 expected to cost over $ 1.5 bln
April 2, 2018 by
Infrastructure development of New Yangon City Phase-1 is expected to cost over US$ 1.5 billion, Yangon region Chief Minister Phyo Min Thein said at a press conference on the launch of New Yangon Development Co Ltd (NYDC) at Lotte Hotel in Yangon on March 31. Phyo Min Thein, Yangon region Chief Minister said: “The establishment […]
Yangon chief ministers lay outs plan to improve fish farming
March 20, 2018 by
The government will cooperate with Myanmar Fisheries Federation (MFF) in reforming the current fish farming system in fishery sector, said Yangon Region chief minister Phyo Min Thein. He blamed little profit for results from conventional farming and called for better services in transporting fishery products through cold storage factories. The chief minister said the government […]
Yangon to upgrade public infrastructures, drainage system with World Bank’s loan
February 22, 2018 by
YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters. The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held […]
Myanmar Mulls Water Transport for Domestic Freight
November 30, 2017 by
Plans are being considered to use water transport across the country after the experiences of Yangon Region and other port towns show that moving goods by water is cost-effective, said Yangon Region chief minister Phyo Min Thein. “Our country is blessed with rivers. But we are weak in using those river routes,” he said. Commodities […]
World-Class Seafood Breeding Farm for Yangon
November 11, 2017 by
A world-class seafood breeding farm will be established in 2018, according Phyo Min Thein, Yangon Chief Minister said. The remark came at the opening ceremony of No. 1 Applied Fish and Prawn Breeding Course held at Thiri Annawa Hall of Myanmar Fisheries Federation in Yangon on November 5. Phyo Min Thein said: “We predict that […]
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