Draft foreigner laws reincarnated as DICA announcement

ELEMENTS of the draft foreigner laws are back, in another form, to haunt businesses and investors. The government’s newly expanded requirements on hiring foreign employees have been criticised as “burdensome and disruptive” and “another incarnation” of the draft foreigner laws which were submitted to the legislature in February. A leading legal expert has described the […]

Industry, govt hit back at garment factory report

DURING a news conference held by garment businesses on October 4, the Yangon regional government asked ActionAid Myanmar to revise its report about safety standards for women working in garment factories, calling the report inaccurate. In response to ActionAid’s report, an inspection tour of the factories mentioned in the report was made by Yangon Region […]

Shan businesses press for Mandalay-Muse route revamp

THE business community in northern Shan State urged the government to take measures concerning trade promotion and economic development, which includes upgrading the Mandalay-Muse highway, at a meeting with Vice President U Myint Swe. The Mandalay-Muse highway is the main route for the country’s border trade, according to the Hong Kong Trade Development Council. A […]

Proposed port and highway to align Ayeyarwady with Belt and Road

Ayeyarwady may follow Kyaukphyu and Dawei to be the next region in Myanmar to embrace a deep-sea port together with other infrastructure projects, with a feasibility of the scheme currently under progress. U Ye Lin from Myanmar Construction and Development Public Co said that a feasibility study is being carried out jointly with South Korea-based […]

Draft Companies Law designed to remove obstacles for foreign investment

A new Myanmar Companies Law currently being drafted by legislators will remove cumbersome restrictions and make foreign investment easier, said Dr Myat Nyana Soe, the secretary of Amyotha Hluttaw Bill Committee. “The draft law was approved by Amyotha Hluttaw and the amendments made by Aymotha Hluttaw and Bill Committee are already submitted to Pyithu Hluttaw. […]

Sales of apartments booming thanks to instalment payments

Instalment housing under K30 million are experiencing strong sales within the real estate market, according to U Yan Aung, general manager of Asia Construction. “Within the market, sales of instalment housing in the lower price range, ranging from around K10 million, are booming. The majority of the people are purchasing normal apartment units with an […]

Rangoon Firms Seek Fixes to Familiar Woes in Chief Minister Meet-Up

RANGOON — Reliable supplies of running water and electricity, as well as thousands of squatters, are urgent issues to be prioritized, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), an organization of influential businesses in Rangoon, told the division’s new chief minister at its meeting with him on Monday. The new […]

Microsoft Discusses Cybersecurity, Cloud Computing with Local Entrepreneurs

Microsoft recently hosted a series of workshops and seminars for local business leaders and entrepreneurs, sharing emerging trends in technology and discussing how technology innovation can help local businesses grow, transform and build the local economy. The American software giant’s representatives visited with members of the Union of Myanmar Federation of Chambers of Commerce and […]

Private hospital to be built on govt land

A large plot owned by the Ministry of Health in front of the University of Nursing at the corner of Bogyoke Aung San and Pyay roads in central Yangon has been leased for a private hospital, according to a source at the Myanmar Investment Commission. It is reported that the monthly land rental is Ks181 […]

Businesswoman aims to change politics from the inside

Clad in a silk longyi sarong as she sits on an opulent sofa in her central Yangon mansion, Thet Thet Khine might seem like one of the most improbable new faces of the National League for Democracy — a party better known for grass-roots activism and former political prisoners. Yet, this affluent businesswoman, medical doctor, […]