Yangon Workers will Enjoy Thingyan Break

​​ Ministry of Labour yesterday discussed Thingyan holidays with employers at the office of Union of Myanmar Chamber of Commerce and Industry –UMFCCI, in Yangon and agreed to have a 10-day break for the workers in the Yangon Region during the Thingyan water festival. The Union government announced on March 10 that they may half […]

Border Trade: MACCS to be Launched in March

​​ The Myanmar Automated Cargo Clearance System (MACCS) meeting was held at the Union of Myanmar Chamber of Commerce and Industry (UMFCCI) on March 7, is planned launch later this month according to Win Thant, the Director of Customs Department. To facilitate trade, MACCS was launched at international ports, Yangon Airport International Cargo Terminal and […]

Experienced Thai Events Organisers to Support Myanmar’s Young Expo Industry

​​ Myanmar entre­preneurs and Thai events companies have agreed to cooperate in develop­ing Myanmar’s young expo event industry, after a meeting in Yangon late last month. This was the first time a international events or­ganisers have met with lo­cal entrepreneurs in My­anmar with plans to hold more meetings in other ASEAN countries. “Companies from Thai­land […]

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 […]

Listing Brings Few Benefits for Construction Sector for now

​​ There is only one listed construction-related firm on the Yangon Stock Exchange (YSX) at the moment. Joining the YSX will not boost the construction companies to raise capital for real estate projects in the short term. KBZ Bank deputy managing director U Bo Bo Wai Maung said that local construction companies should consider joining […]

Yangon to Draw up Master Plan for Energy, in Push for Foreign Investment

​​ A master plan for electricity and energy for the Yangon Region is going to be drawn up with foreign and local investment invited for power distribution once the law for electricity has been completed, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) has revealed. Last year, the government lost some […]

MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Agriculture Sector to Get Loan to Boost Exports

​​ Myanmar’s agriculture sector will get a loan aimed at helping the country’s exports in order to reduce the trade deficit, according to the Deputy Minister of Planning and Finance, U Khin Maung Win, More loans aimed at other sectors were in the pipe-line, the minister added. Deputy minister U Maung Maung Win led a […]

New Investment Law Rules to be Announced in March

​​ RANGOON — Burma’s Directorate of Investment and Company Administration (DICA) will announce new regulations for the national investment law in early March, in time for the start of the 2016-2017 fiscal year, according do a senior DICA official. The current Foreign Investment Law and Citizen Investment Law—known together as the Myanmar Investment Law—were enacted […]

Business Chiefs Call for Kyat Support

​​ The Federation of Chambers of Commerce and Industry (UMFCCI) has advised the government on how to stabilise the currency. The trade body’s statement covers the inflow of foreign currencies, how to increase demand for the kyat, the export-import sector and long-term plans. The statement said the dollar’s appreciation was due to an unbalance between […]