Press Conference

Yangon-Dalla Bridge project to start soon

December 21, 2018 by Thiha

The stake-driving ceremony of Yangon-Dalla Bridge will be held in December 23, and the construction of the bridge will start in January next year, according to the press conference by the Construction Ministry in Dalla Township in Yangon on November 24. Kyaw Kaung Cho, deputy director general of Bridge Department at the Construction Ministry said: […]

Filed Under: Latest News Tagged With: Bridge Department, construction, construction ministry, Dalla Township, Korean consultancy company, Myanmar, Press Conference, South Korea, stake-driving ceremony, Yangon-Dalla Bridge

Myanmar likely to open more sectors to FDI

May 28, 2018 by Thiha

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

Filed Under: Latest News Tagged With: another deputy director general, Aung Naing Oo, Ayeyarwady Region, China Export & Credit Insurance Corporation, China's Belt and Road Initiative, Deputy Director General, DICA, director general at DICA, Directorate of Investment and Company Administration, FDI, foreign insurance companies, foreign investors, Hpa-an, insurance sector, Japan International Cooperation Agency, Kayin State, mandalay, Marlar Myo Nyunt, MIC, Myanmar International School, Myanmar investment commission, Press Conference, private local firms, Secretary of MIC, senior executives, Shan State, Singapore’s Coffee Concepts (Myanmar) Limited, state-owned Myanma Insurance Enterprise, Taunggyi, Thant Sin Lwin, Yangon Investment Forum

Myanmar hires China Communications to survey bold new city

May 8, 2018 by Thiha

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 […]

Filed Under: Latest News Tagged With: bid, CCCC, China, China Communications Construction Company, Chinese economic miracle, equity investments, Hong Kong, Industrial Estate, New Yangon Development Company Limited, NYDC, Phyo Min Thein, power and water utilities, Press Conference, Public-Private Partnership, Shenzhen, singapore, South Korea, the ASEAN bloc, the chief minister, Yangon, Yangon Region, Yangon River

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 […]

Filed Under: Latest News Tagged With: big restaurants, biometric card, community relations, digital payments, Donald Ong, double digit, Ecosystem, educate consumers, Executive Director, global public policy, global strategy, government, Gross Domestic Product, innovative products, International Markets, mastercard, Mastercard’s country manager, merchants, Myanmar, new market, Press Conference, Ravinder Aurora, Safety, Security, small businesses, terminals, Thailand and Myanmar, the Central Digital Payments Committee, Vice-President

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, […]

Filed Under: Latest News Tagged With: central bank, Foreign Banks, Myanmar, Permission, Press Conference, U Sett Aung

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 […]

Filed Under: Latest News Tagged With: Asia Foundation, Business Sector, Centralized System, Director, Economic and Social Development, Hindrances, IBC, investors, MDRI-CESC, Myanmar Development Research Institute, One-Stop Service, Policy Changes, Press Conference, Recommendation Letters, Reduce Restrictions, Rules and Regulations, Small- and Medium-Sized Enterprises, Tin Maung Than, World Bank

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, […]

Filed Under: Latest News Tagged With: announced, Ayeyarwady Bank Ltd, Burmese-Japanese Thilawa Special Economic Zone, chairman, Co-Operative Bank Ltd, Dagon Group, deep sea port, Government Official, Issue Shares, Japanese Factories, Kanbawza Bank Ltd, Large Housing Projects, Management Committee, Myanmar Apex Bank Ltd, Myanmar Thilawa SEZ Holding Public Ltd, Next Month, Press Conference, Set Aung, Union of Myanmar Federation of Chambers of Commerce and Industry, Win Aung, Yoma Bank Ltd

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 […]

Filed Under: Latest News Tagged With: Broadcasting Service, Investment Commission, joint venture, Media Group, Ministry of Finance, MInistry of Information, New Law, Paying Tax, Press Conference, Radio and Television, Submitted, Tax Payment, Television Networks, U Paik Htwe, U Tint Swe

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 […]

Filed Under: Tenders & Awards Tagged With: Bamboo World, Double A, foreign firms, Job Creation, job opportunities, Land Lease, Managing Director, Ministry of Industry, Paper Plant, Press Conference, Private Firms, Reform Process, Thein Aung, Zaw Lwin

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