Myanmar’s Solar Lifeline

It is easy to forget how small changes can sometimes reap the most dramatic benefits. Take the humble fridge. What was once a marvel of technological prowess, has become standard fare. To many in the western world, that is. To those living off the beaten track, off the grid, up in the dusty red Burmese […]

Government, Entrepreneurs Cooperate to Develop Gems and Jewelry Market

The government will work together with local jewelers to raise interest and create a market for processed Myanmar gemstones and jewelry made locally, U Phyo Min Thein, Chief Minister of the Yangon Region Government, said during the opening ceremony of the Yangon International Gems and Jewelry Fair. The inaugural fair, which was held between January […]

Myanmar to Promote Local Gemstones, Jewellery for Higher Value

Myanmar will hold its first value-added gems and jewellery fair at the Lotte Hotel in Yangon between January 11 and 14, according to the Yangon Gems and Jewellery Entrepreneurs Association. The fair aims to showcase processed stones and jewellery pieces made from Myanmar gemstones. In fact, Myanmar-produced rubies, sapphires and jade are among the best […]

Gems and Jewelry Fair Returns to Yangon

​​ YANGON — The international Gems and Jewelry Fair is returning to Yangon this year, nearly a decade after it was last held in the country’s commercial capital. The fair will feature about 100 booths selling mainly rubies, jade and sapphire and run from Jan. 11 through Jan. 14 at the Lotte Hotel in Hlaing […]

Elite Company joins LPG race

Elite Company has been granted permission to distribute Liquefied Petroleum Gas (LPG) in Myanmar, director of State-owned Myanma Petrochemical Enterprise (MPE) U Aung Myint told The Myanmar Times after a press conference on October 12. LPG is a flammable mixture of hydrocarbon gases used as a substitute for electricity in cooking. Elite Company will start […]

Rice exports plunged by about 400,000 tonnes than last year

The volume of rice exports during this Fiscal Year was down by about 400,000 tonnes when compared to that of last FY, said U Aung Myint, the secretary of Myanmar Rice Traders Association. The rice export in this FY to the Chinese and European markets declined. About 900,000 tonnes of rice have been exported to […]

Tax relief to be given to businesses of prioritised sectors only

Only businesses in the sectors that the government wants to improve will be given tax relief in accordance with the new investment law expected to be enacted soon, according to the Myanmar Investment Commission. An income tax holiday of up to five consecutive years is currently provided for an enterprise in Myanmar as an incentive […]

High-rise suspension drags on

Developers desperate to restart suspended high-rise projects in Yangon remain in limbo as a government review drags on. Members of the Yangon Region government committee tasked withconducting a final inspection on 64 buildings say they are still awaiting reports on the first 12, and will not continue inspections until those reports are in. The construction industry […]

Negligent engineers to be banned

Engineers guilty of professional negligence will face a ban as well as consequences under the law, the Myanmar Engineering Council has announced. MEC assistant secretary U Aung Myint told The Myanmar Times that officials would investigate any accident that occurred on a building site and would be prepared to take action if the certified site […]

CQHP warns against low-quality construction materials

Some construction materials are being falsely marketed as high-quality, when in reality they are sub-standard, the head of Myanmar’s high-rise building regulator has warned, as concerns mount over poor quality building practices. However, a scheme to grade the contractors in Yangon may help developers to differentiate between those who are testing their materials and those […]