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Company registration fees to halve from April 1, more SMEs expected

Company registration fees for small and medium enterprises (SMEs) will be halved from K500,000 to K250,000 from April 1 onwards, according to a statement issued by the Directorate of Investment and Company Administration (DICA) Tuesday. The latest move comes after DICA, together with the Ministry of Planning and Finance halved company registrations fees for private […]

Ministry to take US$80 million loan from ADB

Deputy Minister for Construction Kyaw Lin has submitted a proposal to take a US$80-million (107.38 billion kyat) loan from the Asian Development Bank for the water supply and garbage collection projects in Mawlamyine and Hpa-An, he said at a session of the Union parliament on February 22. The ministry will request loans from the ADB […]

Yangon to upgrade public infrastructures, drainage system with World Bank’s loan

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters. The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held […]

International community eyes investing in industrial zones in Yangon

The international community has shown interest in establishing industrial zones in Yangon Region, according to the Directorate of Investment and Company Administration (DICA). “A lot of foreign investors want to set up industrial parks,” said Than Aung Kyaw, deputy director general of DICA. During the 14th regular meeting between Vice President Myint Swe and local […]

More teacher training needed to head off shortage, report finds

An instructor training course for the extracurricular primary-level education level. The country requires more than 6,500 high school teachers between now and next March, along with over 21,000 middle school teachers and more than 35,000 primary school teachers, according to a report by the National Education Policy Commission in its second report (covering April to […]

Government settles gold debts by private miners

The outstanding gold debt owed by private gold mining firms to the government as at September 30, 2017 is 14,121.32 ticals, U Ohn Win, Union Minister for National Resources and Environmental Conservation reported at the Pyithu Hluttaw held on October 19. In Myanmar, 1 tical is equivalent to 16.34 grams. Those debts are to be […]

Myanmar Told to Move Now for OBOR Benefits

MYANMAR will miss out on the benefits of participation in China’s One Belt, One Road trade initiative if it doesn’t get moving now with preparations, a forum was told. Aye Lwin, a member of the Myanmar Investment Commission and the ruling National League for Democracy party’s Central Economic Committee, said Myanmar must cooperate with its […]

Rangoon Mayor Announces Regional Plans to Ease Guesthouse Restrictions

​​ RANGOON ¬– The Rangoon divisional government plans to relax restrictions on guesthouses and hostels, according to Rangoon mayor U Maung Maung Soe, yet Union laws barring international visitors from staying in such establishments remain intact. U Maung Maung Soe said that in April, the divisional government would amend the 2013 municipal law which sets […]

Yangon high-rise review divides officials

  The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction. Daw Sandar Min, who heads the regional Finance, Planning and Economic Committee, said developers had suffered “enormous […]

Singapore carriers exploring possibility of multi-city flights within Myanmar

YANGON – Singapore is looking to introduce multi-city flights within Myanmar by its carriers Singapore Air or Silkair, as part of a series of ways the two countries can cooperate more closely. PM Lee Hsien Loong gave these updates on Wednesday (June 8) at a reception with Singaporeans in Yangon at Sedona Hotel, built by […]