What is the Future of the Media in Myanmar?

The media – once termed the “Fourth Estate” in society by British parliamentarian and philosopher Edmund Burke – plays a vital role in shaping democracy and open public discourse. Its role is particularly important in new democracies, as societies develop both economically and politically, with the people given the opportunity to think critically and vote […]

FDA burns illegal food, drugs in Myeik

The Food and Drug Administration (FDA) has burned food and drugs unfit for consumption in Myeik, Taninthayi Region. Expired and unlicensed items were among the destroyed goods. Dr Zin May Htay, secretary at the Myeik District FDA, said: “We found 104 drugs unfit for consumption from AA Medical Products Co. We also inspected drug stores […]

Traders seek to recoup losses on K5 billion in seized rice

About 50 rice traders from Mandalay Region and Katha, Banmauk, Htigyaing and Kawlin townships in Sagaing Region said their partner’s detention for the past two months has hurt their business. Their meeting at the Banmauk rice traders association office on Wednesday was attended by National League for Democracy MPs from Banmauk. U Aung Thein, who […]

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

Representatives of the oil and gas in­dustry have sub­mitted a business propos­al to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Will YSX Deal a Blow to Burma’s Real Estate Market?

Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]

NLD reps propose suspension, review of Parkway hospital project

A parliamentary committee has recommended the incoming Yangon Region government suspend two approved projects on state land, including a US$70 million private hospital development. U Kyaw Zeya, secretary of the Yangon Region Finance, Planning and Economic Committee, said the projects should be halted immediately and reviewed by the parliament and government once the new administration, […]

Myanma Timber Enterprise to invite open tender for Teak Logs; Closing Date: December 15, 2014

Subscribe to our tender alert mailing list Export Marketing & Milling Department Open Tender Sales Notice 15-12-2014 Notice for  Open Tender Sales Myanma Timber Enterprise will sell Teak Logs by competitive bidding. Particulars of the Open Tender Sales are as follows: Open Tender No: 09/2014-2015 Date: 15-12-2014 Time: (1:00)P.M Place: Tawwin Hall (Myanma Timber Enterprise) […]

Strong Start for Myanmar’s 2014-15 FDI

YANGON — Though the United States extended its economic sanctions against Myanmar for another year in May, overall foreign direct investment continued to rise in the first two months of the fiscal beginning April 1, according to a senior official at the Directorate of Investment and Company Administration. Following last year’s record-breaking foreign direct investment, […]

Maritime spat to aid rice exporters

Growing tensions in the South China Sea in recent months is leading China to shun Vietnam for its rice imports, opening the door for Myanmar exporters, according to traders. Much of Myanmar’s official exports currently go to African countries, but with Thai exporters dropping prices in those markets since the May 22 coup, Myanmar exporters […]

Police to Beef Up Security for Foreign Buyers at Jade Expo

Myanmar Police Force will arrange special security for foreign gems buyers at the upcoming Myanma Gems Emporium at Nay Pyi Taw, U Kyaw Htay, secretary of Gems Entrepreneurs Association, said. The authorities will deploy a special tourist police force unit, which will also provide health services and other assistances to foreign gems buyers, he said. […]