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Myanmar Citizens Face COVID-19 Prosecutions for Breaching Rules

Yangon – To combat COVID-19, Myanmar’s authorities say they will take a zero-tolerance approach to anyone breaching social-distancing rules. Action has already been taken against several people and businesses under the Prevention and Control of Communicable Disease Law and Natural Disaster Management Law. Other action has been taken against people who failed to follow the […]

New rules for billboard advertising rates in Yangon

The Yangon City Development Committee (YCDC) will start using an instant payment system to collect payments for billboard rental fees within municipal areas. The government aims to eliminate excessive debts accumulating among advertisers in the city with the new system, according to YCDC. Although the grace period for a one year lease period was one […]

Mandalay to regulate motorbike taxis, three-wheelers

Mandalay city authorities will enforce strict regulation of motorbike taxis and three-wheeled vehicles, a regional legislator said. While the motorbike taxis and three-wheelers help residents get around the city, they have become unruly and are operating without licences, said MP U Aung Kyaw Moe, an MP for Meiktila township. “Unlicensed vehicles should not be allowed […]

Badly behaved Chinese tourists draw local ire in Myanmar

Mahagandhayon monastery in Mandalay Region is one of Myanmar’s most prominent monastic colleges. Well known for its adherence to the Buddhist monastic codes, every year it attracts thousands of tourists eager to glimpse the peaceful monastic life of the more than 1,500 monks who reside and study Buddhist teachings there. For visiting tourists, the monastery’s […]

‘US keen to invest, strengthen ties with Myanmar, but faster reform needed’

The lack of infrastructure, clearer rules on business and domestic politics continue to be issues weighing on investor sentiment towards Myanmar. US Ambassador to Myanmar Scot Marciel, who spoke at the American Chamber of Commerce Myanmar’s “Improving Ease of Doing Business Forum” yesterday, acknowledged that while the government has been implementing reforms and building infrastructure, […]

Companies should clean up their acts to fend off corruption risks

Transparency International’s 2017 Corruption Perception Index ranks Myanmar at 130 out of 180 countries, showing that we have a long way to go in both corporate governance and uprooting graft. Nevertheless, over the last two years, Myanmar has advanced from a low base. The new Companies Laws (2017) and Rules (2018) revised the legislative framework, […]

New retail directive well-received, but raises unanswered questions

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Experts urge soil tests to help buildings survive earthquake

Geology and construction experts are urging building companies to conduct soil tests before erecting buildings to ensure safety amid increasing earthquakes. Government data show that over 60 earthquakes struck Myanmar in 2017 and about 40 the year before. U Saw Htwe Zaw, vice chairman of the Myanmar Earthquake Committee (MEC), said that under the country’s […]

Yangon Regional Government, Invitation for submission of Master Plan and Architectural Design for Lower Pazaudaung Road Area, Submission Date: 5 February 2018

Interested Parties are invited for the submission of proposals which are to be selected in a design competition format for the Overall Master Plan and Architectural Design for the development of the Mixed Used Development Project which will include Rental Housing, Residential and Commercial buildings under the management of the Yangon Regional Government located in […]