China and Myanmar to Set up Border Economic Cooperation Zone

A JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce. The committee would be headed by the commerce ministers from both Myanmar and China, according to Minister for Commerce U Than […]

Special Lanes for ASEAN at Yangon Airport

Yangon International Airport is ready to welcome visitors from ASEAN countries with special lanes dedicated to them. Terminal 1 was opened after extension works which started last year were completed. The three ASEAN lanes in the departure lounge are positioned at the right side of the counter and four counters at the arrival gate are […]

New Mingalar Market to Begin Construction in November

After suffering a devastating fire about one and a half years ago, the location of Mingalar market is now in a good condition to start construction for the new market, said Ko Kyaw Naing Htwe, representative of shopkeepers in Mingalar Market. On May 18, a meeting took place between officials from Yangon City Development Committee […]

The Digital Revolution: From Mandalay to Manchester

In the era of the global digital distribution, products made in Mandalay can be sold in Manchester cost-effectively – the key to that economic miracle is the mobile phone. The Myanmar Times spoke to James Song after his trip to Phnom Penh in Cambodia for the World Economic Forum (WEF) on ASEAN 2017. This year, […]

Foreign Firms Allowed to Import Agricultural, Medical and Construction Materials

The import of seeds, fertilisers, hospital equipment and building materials by foreign businesses will soon be permitted for the first time, U Khin Maung Lwin, assistant secretary from Ministry of Commerce, told The Myanmar Times. Procedures to permit non-Myanmar firms to trade agricultural products and building materials have been ongoing, and negotiations with related ministries are […]

Ensuring Next Generation Gets a Better Deal

The Ministry of Social Welfare, Relief and Resettlement is carrying out a social awareness and training program as well as carrying out a survey of street children in several parts of Yangon and Mandalay. According to U Aung Kyaw Moe, director of the Department of Social Welfare the training is ongoing in both cities now. Yangon’s northern […]

National Reconciliation Key in Myanmar’s Development: ADB

While most of the Japanese people are enjoying five days of Golden Week holidays, areas around Pacifico Yokohama have been busy with people from around the world on business. More than 3000 people from across the globe have been busy attending seminars and meetings on the 50th annual meeting of the Asian Development Bank (ADB). […]

Fuel Storage Terminal with US$92m FDI to Start Operation at Thilawa Port

The first and largest fuel storage terminal in Myanmar, which has involved US$92 million of investment, opened during the first week of May, said officials from Puma Energy Asia Sun (PEAS). The storage terminal will begin operation at Thilawa port in Yangon, and is a joint-venture between Puma Energy and Asia Sun Energy. Puma Energy, […]

No Go Yet to Malaysia for Myanmar Workers

Myanmar has yet to send workers to Malaysia as the political situation there is uncertain and there may be problems in future. U Myo Aung, permanent secretary for the Ministry of Labour, Immigration and Population, said that they have been looking into the situation in Malaysia to avoid potential problems for Myanmar workers going there. […]

Restaurants Might Have Licenses Seized for Tax Non-Compliance

Restaurants which have failed to include commercial tax stamps might have their licenses seized, according to discussions among lawmakers at the Yangon regional parliament session on April 24. Regional MP U Kyaw Kyaw Htun said that the regional government should deal with the restaurant situation. He suggested seizing licenses of restaurants which have failed to […]