HK Chief Executive Carrie Lam wants more trade with Myanmar

Hong Kong (HKSAR)-The Chief Executive, Mrs Carrie Lam, continued her visit to Myanmar in Yangon today (September 16). Mrs Lam attended the 14th World Chinese Entrepreneurs Convention (WCEC) in the morning. Themed “Setting up Historical Milestones through the Economic Reform of Myanmar”, the WCEC was attended by some 2 000 leading Chinese entrepreneurs from around […]

Tough Tax Policy, Lack of Capital Access for Myanmar SMEs

Small and medium enterprises (SMEs) in Myanmar suffer from arduous tax and monetary policies and lack of access to capital and intellectual property protection. SME owners feel the government needs to address these issues as there are no business category for entrepreneurship and opportunities in emerging fields, such as digital applications and software. Taxes are […]

Invitation to submit Proposals for construction of warehouse, and dry ports at Yangon Ports to be submitted to MIC

Subscribe to our tender alert mailing list In at meeting between the public sector led by Vice President U Myint Swe and the private sector  held on 15th June at UMFCCI. It was announced that companies who wish to construct bonded warehouses and dry ports at Yangon ports can now submit proposals to Myanmar Investment […]

Rangoon Lawmakers Demand Action from Officials Over Lost Billions in Business Dealings

RANGOON — Rangoon Parliament’s bill and public accounts committees on Wednesday urged the regional government to take action against officials responsible for billion kyat losses in state-private joint ventures under the previous government. Parliamentarians discussed joint venture projects that favored certain companies by offering reduced leases on government land and other mismanagement following the committees’ reviews of […]

Yangon to Commence Southwest New City in April

Yangon Southwest New City will be implemented by a joint venture agreement between the Yangon Region government and local construction developers, and the government expects the implementation process to start on April 1, 2017. The new city project was discussed by lawmakers at the Yangon regional parliament session last week and the regional government submitted to […]

Mooted Yangon Expansion Plans Revived

​​ Yangon Region Chief Minister U Phyo Min Thein said that the regional government will launch the Yangon New City project in Kyeemyindaing township, but firms involved in the Yangon Southwest New City were not informed about the new plan. A similar plan was initiated by the former regional government under U Myint Swe in […]

Multi-Billion Dollar Rangoon Southwest Expansion Set to Begin

​​ RANGOON — The Rangoon divisional government will begin implementation of a controversial expansion plan in the southwest region of the commercial capital at the end of February, according to Rangoon Chief Minister U Phyo Min Thein. The chief minister made the announcement on Saturday during a meeting with Vice President U Myint Swe and […]

Central Bank to Reform Reference Rate

​​ The Central Bank will reform its daily dollar auction system as part of an attempt to address the weakening kyat, deputy governor U Set Aung told Myanmar’s business community last week. The deputy governor, along with vice president U Myint Swe, Minister for Finance and Planning U Kyaw Win and Yangon Region Chief Minister […]

Mayor: ‘New City’ Going Forward, Imperative For Yangon’s Future

The Yangon Region government is pressing ahead with plans in the commercial capital townships of Twante, Seikgyi Khanaungto and Kyeemyindaing for the “new city” development, in line with a broader master plan it has for Myanmar’s biggest city, Mayor U Maung Maung Soe told the regional parliament last week. U Maung Maung Soe said the […]

Myanmar moves to jump start coffee cultivation

Demand for coffee is booming in an increasingly caffeinated world, and although Myanmar is capable of producing international-quality product it has neglected the crop for years. But agricultural ministry officials are hoping to develop a coordinated strategy to ramp up production and connect cultivators with world markets. Myanmar has been growing coffee for years but in relatively […]