New Companies Law Submitted to Parliament

NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]

MGMA backs garment industry to boom when US sanctions are lifted

Myanmar’s leading garment industry body has been buoyed by the lifting of sanctions it hopes will see a return to the glory days for the sector, when in the early 2000s a majority of country’s garments were shipped to the US. Speaking at a manufacturing trade fair in Yangon yesterday, U Myint Soe, chair of […]

Mango cold-storage facility to be built in Nay Pyi Taw

A public cold-storage facility that will be able to capacitate the storage of 10,000 tonnes of mangos will be definitively constructed in Nay Pyi Taw during 2017, U Thein Naing, owner of Food Garden, has informed Myitmakha News Agency. The cold storage facility will reportedly be completed by April 2017, and will serve as a […]