Fishery Workers to Be Sent to Korea

The Ministry of Labour, Immigration and Population considers sending fishery workers to South Korea. The discussions between the ministry and foreign employment agencies started since February and the basic salary will be around US$1,000 per month, according to the ministry. Application forms for the EPS-TOPIK exam had been sold from March 20 to 24 for […]

Parents Demand Safe School Bus Plan

Officials from the Yangon Institute of Education and parents of students at the Teacher’s Training Centre High School in Kamaryut Township discussed the Yangon Region government’s school bus plan on May 8. Dr Pyone Pyone Aung, vice-dean at the institute who attended the regional cabinet’s meeting with teachers from 26 Yangon schools on April 25, […]

‘One Belt, One Road’ Welcomed With Some Caution

China is convening from Sunday a large two-day summit in Beijing to tout its ambitious “One Belt, One Road” development strategy. The initiative proposed by China’s leadership seeks to promote massive infrastructure projects, spanning 65 countries in Asia and Europe and about 40 percent of global gross domestic product. Many Asian countries, including populous Indonesia […]

Myanmar courting Thai steel ventures

The Myanmar government is wooing Thai steel producers to set up a joint venture to produce hot-rolled coil steel in Bagan, according to the secretary-general of the Iron and Steel Club under the Federation of Thai Industries (FTI), Korrakod Padungjitt. He said the Myanmar government is building a steal factory in Bagan with total capacity […]

Korean Ambassador to Myanmar Offers to Resign Following Revelation on Choi’s Involvement in Appointment

South Korea’s top envoy to Myanmar has offered to resign after it was revealed that a close friend of Park Geun-hye, who was ousted as the country’s president over a corruption scandal, was involved in his appointment, a foreign ministry official said Friday. “Ambassador Yoo Jae-kyung officially expressed his intention to resign Thursday,” the official […]

South Korea in Myanmar: Missing the Train to Naypyitaw?

South Korea’s interest in Myanmar lies in its economic assets: cheaper labor costs, a sizable market of around 51 million people, and natural resource wealth. Yet Myanmar has unrealized potential to play a much greater strategic role for South Korea. South Korea’s economic presence in the country is wide-ranging and Seoul has emerged as an […]

Thilawa SEZ Commences Second Phase of Project

​​ RANGOON — Rangoon’s Thilawa Special Economic Zone (SEZ) management committee members said they expect to complete the 250-acre second phase of the project in mid-2018, during a commencement ceremony at the SEZ’s new Zone B on Friday morning. Thilawa SEZ is located between Kyauktan and Thanlyin townships, 14 miles from downtown Rangoon. The project […]

Myanmar’s mango planned to penetrate Russia market

Myanmar’s mango is being planned to penetrate the Russian market, said a local association for technology and market promotion of Myanmar’s mango. Sein Ta Lone (Diamond Solitaire) and Yingwe varieties of mango will be exported to Russian market, and the dried mango and other mango products will also be exported to South Korea, Thailand and […]

Labour Dept Creates 28,000 Jobs in January

​​ Department of Labour said it had created more than 28,000 domestic and overseas jobs during January. According to the list, there were more than 11,000 overseas and 17,000 domestic jobs created, in both the public and private sectors. Yangon Region topped the domestic list with 11,522 jobs, followed by Bago with 1,874 and Mandalay with 1,151. The department sent 11,241 workers to Malaysia, Singapore, South Korea, Thailand, Japan, the UAE and Qatar and 10,611 to Thailand. Labour offices have offered online employment services for employers and employees. The department has opened 78 township employment and labour offices across the country.   Source: Eleven Myanmar ​​

FDI Brings About Property Market Boom

​​ The local property market, especially in industrial zones, is expected to boom as the country sees a massive influx of foreign investments, according to House.com.mm. Nitesh Khirwal, Co-founder and Managing Director of House.com.mm said: “The Myanmar Investment Commission’s recent reforms and the new Myanmar Investment Law may have a huge impact on local property […]