Myanmar takes first steps to ramp up rice exports

Due to the region’s warm climate, double cropping or even triple cropping is possible in some areas. Not surprisingly, this helped make Myanmar one of the world’s top exporters, a position it held from the 1920s through the early 1960s But the military-led socialist regime that took the reins of power in 1962 tightened state […]

Yangon ports implement round-the-clock clearance

FROM last Thursday, customs clearance became available round the clock at all ports in Yangon, but it has come at a cost. It was announced last week that customs clearance for outbound and inbound shipments would be available 24 hours at all ports in Myanmar, including Yangon Port that is run by Myanmar Port Authority, […]

Sales in Yangon’s East North New City are ‘dreary’ say realtors

Yangon Mayor U Hla Myint told the regional parliament last June that the East North New City had been awarded first priority among the seven new city projects devised by the Strategic Urban Development Plan for Greater Yangon 2040. He stressed the importance of its location between the future Hantharwaddy Airport and Thilawa Port and […]

Yangon jetties open with more in the works

Three new jetties have been completed in Yangon harbour so far in 2015, along a slew of more projects planned. The three, built by Myanma Industrial Port, Myat Myitta Mon and Annawa, were finished, while 10 more are under construction, said Myanma Port Authority chief engineer U Mya Than. The other 10 are being built […]

Govt to Tighten Car Import License Requirements

YANGON — Per January 1, the Ministry of Commerce will require car importers to apply for import licenses prior to shipping as part of a government effort to reduce the storage of vehicles at Thilawa Port, state media announced on Wednesday. Thousands of cars have been parked for months at the port area because importers […]

Yangon traffic woes blamed on Myanmar import of nearly 200,000 cars

Myanmar has imported nearly 200,000 automobiles since the government’s new car replacement scheme began two years ago according to Yangon Region chief minister Myint Swe. As a result, he says, traffic congestion has become the number one problem in the country’s former capital. Most of the imported cars were added to the streets of Yangon, […]

Myanmar to form ‘Investment Promotion Department’

Ministry of National Planning and Economic Development of Myanmar will form a separate department under the Directorate of Investments and Company Administration (DICA) to boost foreign investments in the country, Director Kyaw Zaw Maung of DICA said. The government has agreed to form the Investment Promotion Department which will be task with educating investors about […]