Effective legal action to be taken against corrupt civil servants after amending anti-corruption law

The peace talks between State Counsellor Aung San Suu Kyi and residents from different fields took place in Mawlamyin, Mon State on June 14. (Photo-State Counsellor Office) The government will be able to take effective legal actions against corrupt civil servants after an anti-corruption law has been amended and control authorized personnel not to misuse […]

YCDC investigates long building constructions delays in Yangon

YCDC is investigating long delays in the construction of buildings in Yangon Region and the reasons behind unreasonable delays, said Yangon Mayor U Maung Maung Soe on Monday at the Yangon Parliament. The construction of many buildings in the region has been suspended for several years, according to MP U Yan Aung from Mingalar Taung […]

Mayor promises speedy review of high-rise projects

Yangon Mayor U Maung Maung Soe said the government did not suspend any additional construction projects involving high-rise buildings on March 6. He made the comments in the regional legislature. MP U Hla Thein from Tamwe township asked if the government has plans to greenlight the construction projects. “Suspending construction projects which have already started […]

Yangon embraces vertical car park

The Yangon City Development Committee (YCDC) is planning to build a vertical car park, Mayor U Maung Maung Soe said during a parliament session last Thursday. The structure will be designed to minimise the required area while maximising parking space in Yangon. Plans are currently being drawn up to build a multi-level vertical car park […]

Myanmar to regulate ride-hailing companies

The Myanmar government is looking at coming out with regulations to govern the technology-based ride-hailing app space, seeking to provide a level playing field to the operators, according to DealstreetAsia. The report quoted Nilar Kyaw, Minister of Electricity, Industry, Transport & Communication saying at the regional Parliament earlier this month that the Road Transport Administration […]

Businesses push for better communications with Nay Pyi Taw

THE government should update the business community with the latest economic activities and manage the expectations, according to domestic and foreign investors at a recent investment forum held in the country’s capital. Investors in Myanmar would like to see a push towards further liberalisation of the economy. More people are taking part in the private […]

Myanmar strives for more reforms to boost tourism

Despite the decline in tourist arrivals last year, Myanmar aims to rebound its tourism growth by undertaking reforms to improve both domestic and international travels, says a tourism boss. Tint Thwin, director general at the Directorate of Hotels and Tourism, said in an interview the government now focuses on easing of some restrictions and creating […]

Foreign Direct Investment into a country is influenced by Ease of Doing Business

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Local airlines squeezed by expensive petrol and taxation

In Myanmar, there are 10 domestic airlines and 58 planes in total which are serving local and international passengers. Compared with the rest of ASEAN, flights are rather costly, according to local airlines and the Union of Myanmar Travel Association (UMTA). “During rainy season, only three out of 10 airlines can run. The main problem […]

Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing’s Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest. During the 2nd ASEAN-Myanmar Forum hosted by the Singapore Institute of International Affairs in Sedona Hotel yesterday, Melvyn Pun, the chief executive […]