Better PR, infrastructure needed to woo more Korean investors

Myanmar must be more proactive and enthusiastic across its attempts to attract foreign investors, such as visiting with the countries it plans to attract investments from. It should also better communicate developments that would be of interest to investors, such as recent directives on liberalising the education and retail sectors, Lee Hyuk, Secretary General of […]

On the road to tourism success

Ken Leong is a pragmatist who would not waste time on something unless he can make substantive enough contributions and gain from it. But there’s always something that fascinates him about Myanmar – the resilience and friendliness of its people and their unique charming cultures, as well as the refreshing natural topography despite being in […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Yangon Warns Telecoms to Get Proper Permits

The Yangon City Development Committee (YCDC) has warned telecommunications companies that have been given licenses to apply for permits when installing equipment or building communications towers in the city. The November 28 announcement in the state newspaper said some companies that have obtained telecommunications licences within YCDC area have set up equipment related to fiber optic […]

UOB puts focus on Asean investment

UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]

Yangon Braced for Hot-Season Power Cuts

​​ Nilar Kyaw, Yangon Region’s minister of electricity, industry, roads and communications, says the city is expected to suffer regular blackouts during the hot season.  Some townships in Yangon are reporting regular power outages. “In Thingangyun Township, there was a power outage last night. It lasted about one hour,” said a resident.   Kyaw Win, union minister […]

Japanese chamber makes proposals to Suu Kyi to promote investment

A visiting Japanese business delegation proposed policy measures to address major challenges impeding Japanese investment into Myanmar in a meeting Friday with the country’s leader Aung San Suu Kyi, state media reported Saturday. During the meeting in the capital Naypyitaw, the delegation of the Japan Chamber of Commerce and Industry, led by its chairman Akio […]

YCDC aims to ease Ygn traffic jams by 30 per cent over six months

The Yangon City Development Committee (YCDC) is planning to ease traffic jams in Yangon within six months and will install modernised traffic lights in 154 places, according to the Roads and Bridges Department under the YCDC. The plan will be implemented by Myanmar Shwe Yin and China Railway Construction Corporation Limited (CRCC). The traffic lights […]

Yangon too crowded

Urban development specialists say that the increasingly populated centre of Yangon is no longer suitable for more condominiums and offices with its narrow streets. Rapid urbanisation has meant the infrastructure could not support the demands of the rising population. “Ever since British rule, the size of roads was based on the number of inhabitants. Some […]

Over One Third of Yangon Traffic Lights to be Upgraded

Tenders will be invited to upgrade Yangon’s old traffic lights as part of the process to solve the business capital’s worsening traffic congestion and to better enforce traffic rules, according to an official from the auto regulatory body Ma Hta Tha. Some traffic lights in use in Yangon operate on the urban electrical grid, and […]