Over the last year, Myanmar’s energy sector stumbles in right direction

Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]

India’s visa-free policy lures Myanmar tourists

Myanmar travellers to India increased by more than 10 percent in 2017 compared to 2016, apparently boosted by India’s new visa-free policy for all Myanmar visitors starting in September 2017. Indian Prime Minister Narendra Modi announced the free visas for all Myanmar citizens during a visit to Myanmar last September 6. “More than 10pc growth […]

Myanmar hires China Communications to survey bold new city

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 […]

Government drafting policy on exporting maids

The Myanmar Ministry of Labour, Immigration and Population is currently drafting a policy regarding sending Myanmar workers abroad, Minister U Thein Swe told The Myanmar Times on International Labour Day on Tuesday. “We will send domestic workers abroad according to our new policy,” the minister said. He added that the ministry is committed to assisting […]

Is country ready for full foreign investment in education?

According to the Directorate of Investment and Company Administration, Singapore, New Zealand, and Australia are interested in investing in Myanmar’s education, with Singapore having conveyed the most willingness. The Myanmar Investment Commission (MIC) has allowed foreigners to make full capital investment in Myanmar, according to notification 7/2018 issued by the MIC on April 20. Thus, […]

As industry opens up, Capstone Education finds niche in Myanmar market

Ko Thaw Zin Aung Gyi and Ko Aung Tun Lin, the founding partners of Capstone Education, a local education consultancy, saw the need to invest in Myanmar education long before authorities finally permitted full foreign capital investments in the industry on April 20. Locally schooled but having qualified to study abroad at Ivy League universities, […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

Myanmar permits full foreign capital investments in education sector

The Myanmar Investment Commission (MIC) has permitted foreigners to make full capital investments in private schools in Myanmar, according to Notification 7/2018 issued by the MIC on April 20. This means foreigners will now be able to fully own and operate private schools teaching a curriculum prescribed by the Ministry of Education (MOE) or an […]

Asia AVA Gas to build LPG facilities in Yangon

Asia AVA Gas Company has entered into a joint venture with Myanma Petrochemical Enterprise (MPE), which falls under the remit of the Ministry of Electricity and Energy (MOEE) to undertake a project enabling the import, storage and distribution of liquefied petroleum gas (LPG) in Myanmar, Daw Yin Yin Aung, deputy director of MPE, told The […]

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone

More Japanese companies to invest in Myanmar: Thilawa Special Economic Zone Sawako Utsumi and Lee Jay Walker Modern Tokyo Times Increasing numbers of Japanese companies are investing in the Thilawa Special Economic Zone (SEZ) in Myanmar. Of course, this SEZ is especially important for Japan because it highlights the importance of Myanmar to political elites […]