Press Conference

Mastercard to keep high growth rate in Myanmar

August 3, 2017 by Thiha

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

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

September 16, 2014 by thiha

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, […]

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Government to reduce restrictions on business sector by March

February 26, 2014 by thiha

The government is planning to reduce restrictions on the business sector in March this year, Tin Maung Than, director of the Myanmar Development Research Institute/Centre for Economic and Social Development (MDRI/CESD) told a press conference on sub-national governments and business in Myanmar held at IBC yesterday. Investors who want to do business in Myanmar have […]

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Public Shares in Thilawa SEZ to Go on Sale Next Month

February 24, 2014 by thiha

YANGON — Myanmar Thilawa SEZ Holdings Public Ltd announced it will issue shares for sale next month in order to raise about US $21 million to fund the first phase of the Burmese-Japanese Thilawa Special Economic Zone (SEZ) near Yangon. Set Aung, a government official who chairs the Thilawa SEZ Management Committee, and Win Aung, […]

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Broadcasting deals in line with law: ministry

November 28, 2013 by thiha

The Ministry of Information has been forced to respond to allegations that deals with existing private radio and television broadcasters were not made in accordance with the law. At a press conference in Nay Pyi Taw on October 8, Deputy Minister for Information U Paik Htwe said the two television networks and six private FM […]

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Thai firm Double A wins tender for new paper plant in Myanmar

November 15, 2013 by thiha

Subscribe to our tender alert mailing list Double A, a Thai firm, announced yesterday that it has won a 30-year contract for an advanced paper plant in Thabaung, which is under the Ministry of Industry, for US$ 80.5 million (Ks 78.32 billion). The ministry had invited tenders from interested local and foreign firms, starting from […]

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Fear of Pagoda Damage Draws Protests at Letpadaung Mine

November 7, 2013 by thiha

Yangon — At least 150 rights activists and local residents are urging authorities in northwest Burma to allow them to visit a historic Buddhist pagoda that was allegedly damaged by a blast at the Letpadaung copper mine project last week. Amid rumors that the pagoda was damaged in a blast last Thursday, protests have been […]

Filed Under: Latest News Tagged With: Buddhist Monk, Community Development, Environmental Standards, Ledi Sayadaw, Letpadaung, local communities, Mining Company, Naypyidaw, Press Conference, Sagaing, social impact, Soe Win, U Vimala, Wanbao, Win Naing

Myanmar Thilawa Special Economic Zone to ‘Go Down in History’

November 6, 2013 by thiha

Burma’s first special economic zone is set to begin operations next month on a sprawling complex about 25 kilometers south of Rangoon, and Set Aung is playing a major role. As chairman of the Thilawa Special Economic Zone (SEZ) management committee, he has helped oversee preparations to launch the Japanese-backed zone, which is 51 percent […]