Rental market in South Okkalapa Township booming

The quiet township of South Okkalapa is currently experiencing an increase in tenants and the rental market is starting to look interesting, said real estate agents. Compared to other townships, South Okkalapa has fewer residences and is typically an orderly and quiet township. As such, many people are now moving here, said U Yan Aung, […]

Private banks hike lending to SMEs

SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week. Zaw Lin Aung, managing director of KBZ Bank, the largest private bank in Myanmar with the largest retail […]

Myanmar to Resume Issuing Visas on Arrival to Visitors

The Ministry of Labor, Immigration and Population agreed to resume issuing visas on arrival (VOA) to foreign visitors after negotiating with the Ministry of Hotels and Tourism, a senior tourism official said. “We got initial agreement with the ministry of labor, immigration and population but the immigration department will still decide on the number of […]

Mon State Missing Out on Rubber Profits

MAWLAMYINE, Mon State — Mon State rubber, which accounts for nearly half of Myanmar’s production of rubber, loses hundreds of millions of kyats in rubber exports because it is unable to produce high-grade rubber and relies solely on the Chinese market for exports, according to Mon State minister for agriculture, livestock, transportation and communications U […]

How Genius Coffee cracked Myanmar’s premium export market

One of the main challenges facing Myanmar is developing its export trade. The majority of Myanmar’s exports are extractives and raw goods. But some of Myanmar’s most lucrative potential export markets need to produce more value-added high-quality goods. The Global New Light of Myanmar Daily Newspaper interviewed U Ngwe Tun, founder mof Aung Nay Lin […]

Myanmar’s Oway Group to close eight-digit funding round

Myanmar’s leading travel booking and ride-hailing service provider Oway Group said it is currently in discussions with potential investors to close an eight-digit funding round in October. As part of the round, IFC has made an equity investment worth US$2 million in the startup in early 2017, marking the World Bank arm’s first investment in […]

Thirty development projects in pipeline in Mandalay through fiscal 2020-21

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

MOSB – the first foreign company to build an oil and gas supply base

MOSB Limited (MOSB), has received approval from the Myanmar Investment Commission (MIC) on 11July, 2017 to build and operate a supply base in Mon State, with the endorsement from the Ministry of Energy. The establishment of a supply base will support the fast-growing oil and gas industry in Myanmar and provide necessary infrastructure, health, education […]

No more empty stocks: Contraceptives reach rural women thanks to pioneering logistics system

It is in the late afternoon when Nan Aye Aye Lwin visits the Nam Khoke Rural Health Centre, after walking the three hours from her little hamlet. Nan Aye Aye Lwin comes with anxiety. She already has two children and does not wish to bear another for the time being. She wants contraceptives. But having […]

Centralising Taxi Operations to Ease Congestion

The Yangon Region government would be implementing a new scheme under which taxis would be managed by taxi service operators, said Daw Nilar Kyaw, regional minister of electricity, industry and transportation, in a bid to ease traffic congestion in the country’s commercial capital. The minister said there were 80,000 taxis running on the road all […]