the UK

Myanmar targets FDI from East Asia in long-term investment plan

October 30, 2018 by Thiha

Myanmar is gunning for more foreign direct investments (FDI) from East Asia in the next 20 years under its new Myanmar Investment Promotion Plan (MIPP), U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA) told The Myanmar Times at a book launch in Yangon on Thursday. Besides strengthening […]

Filed Under: Latest News Tagged With: agricultural incomes, ASEAN neighbours, banking, Companies Law, Deputy Director General, DICA, director-general, Directorate of Investment and Company Administration, East Asia, FDI, finance, foreign direct investments, foreign investments, Greater China, infrastructure development, institutional development, Intellectual Property, Investment Promotion Committee, Japan, long-term investment plan, MIC chair, middle-class economy, MIPP, Myanmar, Myanmar Investment Commision, Myanmar Investment Promotion Plan, New investment law, Oil and Gas Sector, private sector, rakhine, singapore, South Korea, Special Economic Zone law, Thailand, the UK, U Aung Naing Oo, U Than Aung Kyaw, U Thaung Tun

Myanmar turns attention to Asian travellers as European markets decline

May 29, 2018 by Thiha

With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]

Filed Under: Latest News Tagged With: Asean countries, Asian markets, Asian travellers, Bertie Lawson, Canada, China, European markets, Founder, France, Germany, Indonesia, Japan, Managing Director, May Myat Mon Win, Min Than Htut, Minister of Hotels and Tourism, Myanmar Tourism Marketing chairperson, Myanmar tourism players, North American market, philippines, Pro Niti Travel, Sampan Travel, singapore, South East Asian Countries, South Korea, Thailand, the Philippines, the UK, the US, U Ohn Maung, Vietnamese visitors, western visitors, Yangon International Airport, YIA

IFC, YCDC to improve construction permit system

May 21, 2018 by Thiha

The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]

Filed Under: Latest News Tagged With: Australia, Builders, construction permit system, Construction Permits, Daw Hlaing Maw Oo, IFC, IFC country manager, Infrastructure Projects, investors, Japan, manufacturing, Private Firms, The International Financial Corporation, the UK, tourism, Vikram Kumar, World Bank, Yangon City Development Committee, Yangon construction sector, YCDC, YCDC’s Secretary

Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

February 9, 2018 by thiha

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

Filed Under: Latest News Tagged With: asean, banking, Cambodia, China, Developed in Laos, FDI, FIA, finance, Foreign Investment Agency, Japan, Netherlands, OFDI, singapore, South Korea, Telecommunication, Thailand, the UK, Vietnam

Overseas demand for locally-produced coffee expected to rise in 2018

January 10, 2018 by Thiha

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Filed Under: Latest News Tagged With: Asia, Asia Coffee Association, Asian demand, Australia, China, domestic market conditions, Dubai, Europe, Foreign Buyers, Green Land coffee plantation, Hong Kong, Iceland, International Market, Japan, Malaysia, Myanmar coffee industry, overseas demand, Pyin Oo Lwin, Russia, Switzerland, Thailand, The market price, The Myanmar Coffee Association, the Netherlands, the UK, U Sai Wan, U Win Aung Kyaw, us, Vice Chair, Yunnan, Ywar Ngan region

Global standards issued for local coffee producers

September 7, 2017 by Thiha

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

Filed Under: Latest News Tagged With: a coffee expert, agricultural standards, Agriculture Department, Australia, bid, chair of Myanmar Coffee Association, Coffee Research, Daw May Thet Hlaing, Dubai, Environmental Conservation, extension, food safety, GAP, global rules, global scale, Global standards, good agricultural practice, Hong Kong, Iceland, information, International Market, Japan, labour rights, local coffee, local coffee producers, mandalay, Russia, Switzerland, the Netherlands, the UK, Training Centre, U Ye Myint, us

Only high-tech firms for hydro, coal power

July 3, 2017 by Thiha

Only companies and countries with access to the latest technologies and technologies which minimise environmental impact will be considered to take part in hydro and coal power projects in Myanmar, a senior official from the Ministry of Electricity and Energy told The Myanmar Times. “For electricity generation sources, we are planning to consider only the […]

Filed Under: Latest News Tagged With: Ayeyarwady Region, Coal Power, coal power projects, Dawei, Democracy Central Executive COmmittee member, foreign countries, Germany, globalization, high-tech firms, hluttaw, hydro, japanese, Karen, Kayin State, Kayin State Committee member, Kengtung, long-term maintenance, Low-cost energy sources, MATA, Ministry of Electricity and Energy, Mon, MOU, Myanmar Alliance for Transparency and Accountability, National League, natural gas power plants, Ngayokekaung, NLD’s central committee, Norway, poorer standards, power generation, social implications, socio-economic benefits, Tanintharyi, Technology, Thai company, Thanlyin-Kyauktan project, The Memorandum of Understanding, the Ministry of Natural Resources and Forestry, The Myanmar Times, the UK, the US, TTCL coal power plant project, U Saw Mi Pway Do, U Win Htein

Myanmar’s beach destinations to watch

May 3, 2017 by Thiha

Myanmar’s four key beach destinations – Ngapali, Kawthaung, Ngwe Saung and Chaungtha – are emerging as up-and-coming tropical getaway spots in Asia, each with its own distinct characteristics. According to C9 Hotelworks’ new Ngapali Beach Tourism Market Review, the impact of more airlift to Ngapali’s main gateway of Thandwe last year pushed growth up 28 […]

Filed Under: Latest News Tagged With: Asia, Bagan, C9 Hotelworks, Chaungtha, France, Germany, Heho, Italy, Kawthaung, mandalay, market, Mergui Archipelago, Myanmar's beach, Ngapali, Ngwe Saung, Phang Nga, Phuket, RANONG, Sittwe, Switzerland, Thandwe, the UK, tourism, traveller, visitor, Yangon

What the US can learn from Myanmar about infrastructure investment

January 12, 2017 by Thiha

America’s infrastructure is headed down a bumpy road, and unless the country takes drastic action to fix its ailing transport, water, and other infrastructure systems, it might well wind up with the types of struggles I’ve witnessed recently in Myanmar. I am here in Myanmar teaching an international business class for our MBA students as […]

Filed Under: Latest News Tagged With: America's infrastructure, aung san suu kyi, British colonial rule, Chicago, China, civilian government, Corruption and bureaucracy, Depreciation, Director of Management and Budget, economic development, federal government, General Ne Win, India, Kachin State, Los Angeles and San Francisco, mandalay, MBA, Missouri, Mr Trump, Myanmar, Myitkynia, National League for Democracy, NLD, potholes, Public-Private Partnership, Singapore's Straits Times, South Carolina Congressman Mike Mulvaney, Thailand, the UK, Union Solidarity and Development Party, us, US presidential election, USDP, Yangon

Antiques selling well with increasing number of tourists

November 9, 2016 by Thiha

With an increasing number of tourists coming to Myanmar, the sale of antiques are also on the rise, it is learnt. The antique shops are dependent on tourists because they have the appreciation, knowledge and income to collect antiques. The shops are found mostly in Yangon, Mandalay, Inle, Bagan and NyaungU. Antique store owners […]

Filed Under: Latest News Tagged With: Antique store owners, antiques, Asian Countries, Bagan and NyaungU, European Countries, France, Inle, Italy and Germany, mainland China and Taiwan, Malaysia, mandalay, Myanmar, singapore, Thailand, the UK, tourists, Yangon