Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]

Foreign and domestic investments rise during govt’s first fiscal year

In the National League for Democracy (NLD) government’s first fiscal year in power local investors made investments amounting to K1.57 trillion while foreigners made investments worth a total of US$7.44 billion in Myanmar, Deputy Minister of Planning and Finance U Set Aung said at the Pyidaungsu Hluttaw on August 31. DURING the 2016-17 fiscal year, […]

The Replanting of Mangrove Trees Along Myanmar’s Irrawaddy River is Set to Receive a Boost Next month with The Help of Drones Developed by UK firm BioCarbon Engineering.

The drones are ten times faster at planting trees than humans are, and due to this efficiency, can cut costs in half. The aim is to restore degraded mangroves, which, due to excessive wood cutting for fuel, agricultural expansion and the construction of fish and shrimp ponds, are disappearing three times faster than rainforests. Only 16 per cent […]

ODI Urges Myanmar to Raise Chinese FDI in Garment Units

Myanmar should take steps to raise foreign direct investment (FDI) from China in labour-intensive sectors, such as garments, to boost the country’s economic transformation, according to a briefing paper published by UK-based think tank Overseas Development Institute (ODI). Given its economic size and proximity, China should be the preferred partner, it says. The briefing paper by […]

Invitation for Bids (IFB) for Supply of Core Banking System for Myanmar Economic Bank. Prebid Meeting 31 May 2017.

Subscribe to our tender alert mailing list   Modernization of Public Finance Management Credit No. 54020-MM/Grant No. TF017910 IFB No: MPFMp-ICB-IS2S-C2-IS218 IFB Title: Supply, Implementation and Support of a CORE Banking System (CBS) and related linkages for Myanma Economic Bank. 1. The Government of the Republic of the Union of Myanmar has received financing in […]

Yangon University is modelled on Oxford, but there are no dreaming spires

Walking around Yangon, though there are the affluent areas and fast food restaurants that exist in nearly all big cities, these areas are few and far between. Poverty pervades in this former capital city to a greater extent than in many of its Southeast Asian counterparts. The military regime, though removed in 2013, has had […]

Scotland’s Energy Expertise, Whisky and Tech Embrace Myanmar Amid Brexit

Scotland and Myanmar boast historic links which dates back to 1886, when a Scottish firm arrived in then-Burma to drill oil. That connection is still relevant to this day, as Scotland’s expertise on oil and gas has a lot to offer for the Southeast Asian country. But the relationship has transformed – Scotland’s traditional products, […]

North Sea Expertise Supporting Myanmar’s Deep Water Exploration

The Secretary of State for Scotland David Mundell visited Myanmar on April 3-5 to promote and discuss developments of UK-supported projects in offshore oil and gas sector. The projects were initiated back in September 2015 when U Pe Zin Tun, as permanent secretary of the Ministry of Energy, led a delegation to Aberdeen. With the […]

Yangon Regional Bill Approved

The regional planning bill on the development of 33 townships in the Yangon municipality area and 12 other townships outside it as part of an urbanisation of Yangon, was yesterday approved by the regional Hluttaw. The Yangon Regional Planning Bill focuses on developing electricity infrastructure, road and water transportation in order to reduce traffic congestion, […]

The land of the $20 smartphone

“This one $40, this one $30 … that one $20!” The owner of the street stall, a man of about 30 years wearing a traditional longyi tied around his waist, is gesturing at a phone that looks, to my eyes, like a mid-range Android phone. It bears the brand Singtech, a brand among myriad others […]