Mandalay, gateway to India, China: US firms

To pave the way for making this a reality, a high level business delegation led by the American Chamber of Commerce in Myanmar (AMCHAM Myanmar), visited Mandalay and met with government officials. Andrew Lee, a AMCHAM Myanmar Executive Committee member and Country Manager for GE said, “As the second largest city in Myanmar and with […]

Property Brokers Eye Offshore Condo Sales

Local property agents are expanding further into Singapore’s condominium market, taking the opportunity presented by a change in visa regulations, contained prices and a friendly regulatory environment. However, demand for purchasing property overseas is still lagging. Myanmar investors currently represent less than 1 percent of the foreigners buying into the Singapore property market, according to a report […]

Export price of rice to China on the decline unlike stable domestic rice price

The price of rice exported to China through the Muse trade channel has been on the decline, unlike the domestic rice price, which remains stable  said U Kyaw Min, the secretary of Mandalay Rice Depot. Rice is exported to China mostly through the Muse and Lweje border trade camps, but the rice trade is declining […]

No need to seek approval from MIC for investment except for businesses with environmental impact

Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments. Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned. Currently, more DICA branches will be opened in Kayin State, […]

Business With Bounce

Mandalay-based Sein & Mya Mattress Industry Co., Ltd. is one of the country’s leading manufacturers of mattresses. Founded in 1994, it has two factories in Mandalay and seven stores nationwide, including one in Yangon. The Irrawaddy’s Kyaw Hsu Mon talked to the company’s founder U Kyaw Min about what it takes to succeed in Myanmar […]