UK’s CDC Group recruits Myanmar investment experts

Britain’s development finance agency CDC Group has hired a Myanmar team led by two private sector professionals to expand its footprint in the country and boost investments in renewable energy and social projects. CDC, wholly owned by the UK government aid agency, has hired U Myo Zin of Luminate as its new country manager and […]

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, […]

Singapore travel agents elated as Myanmar

AGENTS in Singapore are sanguine about the prospects visa exemption between Singapore and Myanmar can bring. Most noteworthy is the avoidance of cumbersome visa application procedures which can take up to half a day to complete, according to Magdeline Yeo, ticketing manager at Stamford Travel. She said: “This is good news. The current process is […]

Myanmar Seeks to Establish Direct Air Links with Europe

The government is discussing with some European countries to sign aviation agreements which will pave the way to establish direct air connections between Europe and the recently-opened Southeast Asian nation, a Directorate of Civil Aviation (DCA) official said. “Now we are discussing with Netherlands and France. Then we will continue to discuss with other countries,” […]

Thilawa SEZ shares oversubscribed

The initial public offering of Thilawa Special Economic Zone has seen more than double the IPO subscriptions than 2.145 million shares available, said a company spokesperson at the April 25 press conference in Yangon. The company recently arranged the IPO to raise US$ 21 million to fund the first phase of Thilawa SEZ, a sprawling […]