fbpx

Govt must make a calculated leap to keep up with digital age

With the advancements in communications technology, the world has become a global village that allows its inhabitants to connect with each other faster than ever. We can send images, audio, and text to people far away from us. However, this technology needs to be equally accessible to all countries if we are to progress further […]

Cooperation is key to swift implementation of e-Government: State Counsellor

The e-Government Steering Committee held their third coordination meeting at the Ministry of Transport and Communications in Nay Pyi Taw yesterday and was attended by its patron, State Counsellor Daw Aung San Suu Kyi. State Counsellor’s speech In her speech delivered at the meeting, the State Counsellor highlighted the inclusion of e-Government in Myanmar’s 12-point […]

Businesses misusing farmland face hefty fines, warns minister

The government will punish people and companies that use farmland for purposes other than growing crops with a fine of 30 percent of the land’s market value. The government-led Leading Committee for Farmers Rights, Protection and Promoting of Interests set the penalty at a meeting earlier this month, said U Aung Thu, committee secretary and […]

Dala property prices soar due to bridge project

After the government had approved the construction of Myanmar-Korea Friendship Bridge connecting to Dala Township, property prices have risen in a blur as rumors of small-scale industries as well as housing projects in Dala runs rampant. According to property agents and Dala locals, land prices hiked up as much as tenfold. Over a month ago, […]

India hands over 50 housing units in Rakhine province to Myanmar

India has handed over 50 housing units in the Rakhine province to Myanmar on Tuesday during President Ram Nath Kovind’s maiden visit to the country. The housing units are part of a bigger developmental project, within which India is building 250 houses in Myanmar’s Rakhine province. Coinciding with President Kovind’s visit, Myanmar has also announced […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Daw Suu pitches Myanmar to ASEAN, vows to improve business environment

State Counsellor Daw Aung San Suu Kyi in Singapore yesterday sought to drum up investor interest in Myanmar, couching the country’s economy as “Southeast Asia’s final frontier market with innumerable investment opportunities.” Daw Aung San Suu Kyi was delivering her keynote speech at the 2018 ASEAN Business and Investment Summit in the city state, where […]

India, Myanmar sign MoU towards Sittwe Port operationalisation

NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]

State Counsellor urges entrepreneurs to help grow nation’s wealth

Myanmar’s business community has an important role to play in ensuring the country’s political voice is heard on the global stage, State Counsellor Daw Aung San Suu Kyi said at the meeting between government officials and business persons and at Myanmar Convention Centre in Nay Pyi Taw yesterday. She said the reason Myanmar’s political voice […]