Myanmar Takes Small Steps Towards Providing Greater Liquidity for SMEs

A rising number of start-ups as well as small and medium enterprises (SMEs) are emerging in Myanmar as business opportunities rise. However, many companies fail to achieve their full potential and contribute substantially to the economy because capital assistance is lacking in the country. In Myanmar, banks require collateral in the form of property before […]

Beans and Pulses Traders Hopeful to Tap China Market

​​ Beans and pulses produced in Myanmar have long relied on the Indian market, but the industry has started broadening their horizons to another giant market – China, said U Aung Soe, director general from Myanmar’s Trade Promotion Organisation under the Ministry of Commerce. A delegation, which consists of officials from the ministry and nine companies […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Regions and States Seek Permission to Operate Casinos

FIVE regional and state chief ministers have sought permission to operate casinos in hotels in their respective territories during a meeting with Vice President U Henry Van Thio in Nay Pyi Taw in last month, according to U Yan Win, chair of Myanmar Tourism Federation. The chief ministers from Mandalay, Tanintharyi, Shan, Kayin and Mon discussed […]

Delayed Permitted Businesses to Receive Govt Assistance

Almost 600 firms have experienced delays getting their businesses off the ground since 1988 despite having received permits from the Myanmar Investment Commission (MIC). Of the 2,723 local and foreign businesses permitted to operate in Myanmar between 1988 and 2017, a total of 581 have yet to start. As such, inspections will be conducted and […]

Parami Energy Readies Imported LPG for Sale as Demand Rises

The government is aiming to replace the use of electricity with Liquefied Petroleum Gas (LPG) as a fuel for household cooking. If widely used, LPG can reduce the use of firewood as well as electricity when cooking, which will help to conserve power as well as the environment. Last year, the Ministry of Electricity and […]

Sugar Traders Switch to Production, Cultivation as Glut Abates

Sugar prices had all but collapsed after a 2017 ban on re-exporting to China left local traders in the lurch. However, prices have since stabilised as the glut lessened. More importantly, a larger number of domestic businesses have started producing sugar for local consumption. “Although sugar traders suffered huge losses due to the temporary ban […]

Grab Partners Shwe Taung to Launch Taxi Terminals

Ride-hailing company Grab will cooperate with Shwe Taung Real Estate to provide Grab taxi terminals at the developer’s shopping centers and office blocks to further expand its presence in Yangon. For Grab, the aim is to make it easier for visitors to Shwe Taung properties, which include malls and office buildings, to book and catch […]

A Review of Education Sector in 2017

This year has been eventful for the education sector in Myanmar and here is a look at our pick of all major events. The most remarkable event of 2017 for the education sector took place on the first week of August, as seven inmates who passed the matriculation exams with distinction from Ohbo prison and […]

Sagaing Region Files Charges Against Alleged Trespassers

The Sagaing regional government has filed charges against farmers for allegedly encroaching on government-owned land in Myay Mon village in Kanbalu township, said Regional Agricultural and Irrigation Minister U Kanzar Mone. The minister said the farmers encroached on the property of the Myay Mon seed farm, which is under the ministry. “Some farmland disputes in the […]