YCDC to reduce groundwater pumping

Yangon City Development Committee will reduce groundwater pumping, said Yangon mayor Maung Maung Soe at the fourth regular session of regional parliament on May 22. In response to the question of MP Than Swe representing Mingala Taungnyunt Constituency-2 about water supply, sewage disposal and power supply system, Maung Maung Soe said Yangon City Development Committee […]

Foreign insurance companies will be allowed to do business this fiscal year

According to deputy minister for Finance and Planning Maung Maung Win, the government is planning to allow foreign insurance companies to do business this fiscal year. Currently, only three Japanese companies are allowed to do business in Thilawa Special Economic Zone and the Ministry of Finance and Planning is preparing for the implementation of nationwide […]

Japan’s IHI inaugurates heavy concrete factory joint venture in Myanmar

IHI Corp. held an opening ceremony Sunday for its heavy concrete factory in Myanmar, becoming the first Japanese plant producing pre-stressed concrete products in Southeast Asia’s newest emerging market. The Tokyo-based heavy industry company, in partnership with Myanmar’s Construction Ministry, opened the $12.2 million facility in the Myaungdagar Steel Industrial Zone in Hmawbi, located about […]

Dai-Ichi Life Insurance Opens Myanmar Office

TOKYO — Dai-ichi Life Insurance has opened a representative office in Myanmar, as it looks to increase its foothold in the rapidly developing Southeast Asian insurance market. The Japanese insurer set up office in Yangon in late March, having been given permission by the Directorate of Investment and Company Administration, a government agency under the […]

Business Community: Govt Must Clarify Laws to Secure Investment

​​ RANGOON — Local and international business leaders urged the ruling National League for Democracy (NLD) government to clarify the country’s laws to secure significant foreign investment. The comments were made at a forum on promoting business in Burma at the Sedona Hotel in Rangoon on Thursday organized by international media company Bloomberg and attended […]

Border Trade: MACCS to be Launched in March

​​ The Myanmar Automated Cargo Clearance System (MACCS) meeting was held at the Union of Myanmar Chamber of Commerce and Industry (UMFCCI) on March 7, is planned launch later this month according to Win Thant, the Director of Customs Department. To facilitate trade, MACCS was launched at international ports, Yangon Airport International Cargo Terminal and […]

Loesche to supply mills to Myanmar

Loesche has received an order for two cement mills (cement/slag) from the South Korean company, Yojin Construction & Engineering Co. Ltd. The two vertical roller mills a modern and reliable, and will be used in the company’s new clinker grinding plant in Thilawa, Myanmar. They will produce around 75 tph of clinker cement, with a […]

Metro Group and Yoma Strategic Holdings sign joint venture agreement for wholesale distribution in Myanmar

Metro Group Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO Wholesale Myanmar Ltd., with the remaining 15% […]

Japanese chamber makes proposals to Suu Kyi to promote investment

A visiting Japanese business delegation proposed policy measures to address major challenges impeding Japanese investment into Myanmar in a meeting Friday with the country’s leader Aung San Suu Kyi, state media reported Saturday. During the meeting in the capital Naypyitaw, the delegation of the Japan Chamber of Commerce and Industry, led by its chairman Akio […]

MIC Reports Investment High of More Than US$6 Billion Under NLD

​​ The foreign investment volume for Myanmar has reached over US$6 billion during the almost now eight months of NLD government leadership, exceeding original targets, Aung Naing Oo, director-general of the Directorate of Investment and Company Administration (DICA) told a press conference on January 23. According to the foreign investment law, Myanmar received 106 enterprises […]