Property Brokers Eye Offshore Condo Sales

Local property agents are expanding further into Singapore’s condominium market, taking the opportunity presented by a change in visa regulations, contained prices and a friendly regulatory environment. However, demand for purchasing property overseas is still lagging. Myanmar investors currently represent less than 1 percent of the foreigners buying into the Singapore property market, according to a report […]

Myanmar Shifts Gears to Drive Growth in Small Business

Aung San Suu Kyi on Saturday set out to promote an overhauled investment law to a new generation of smaller businesses that her government hopes will one day dilute the influence of Myanmar’s old military-linked oligarchs. The new blueprint aims to level the playing field between foreign and local businesses in Myanmar. It was signed […]

How Investors Helped Myanmar Telecoms

In 2010, when Myanmar held historic elections that would reduce the influence of the military and put the country on a path to democratic rule, it was a country that had endured decades of isolation. Less than 3 percent of the populations had mobile phones. This lack of connectivity limited not only access to service […]

With Sanctions Eased, US Sees Economic Potential in Myanmar

STATE DEPARTMENT — U.S. officials are looking to boost economic engagement with Myanmar, a country that has been dubbed by some as “the final frontier” because it is one of the last markets largely untouched by Western companies. The United States imposed heavy economic sanctions on Myanmar in 1997 over the ruling military junta’s repression […]

US approves $21m assistance to Myanmar

YANGON – The United States will provide an additional US$21 million (Bt730 million) in assistance to Myanmar, to promote economic growth and capacity building for long-term development in the country. The initiative will support the government’s goal of tripling exports in five years; strengthen the ability of the government and the legal system to provide […]

Myanmar and Aireon to Collaborate on Space-Based Air Traffic Monitoring System

The Department of Civil Aviation (DCA) in Myanmar just announced it has signed a Memorandum of Agreement with Aireon LLC, a Virginia, U.S. based air traffic surveillance system provider, to collaborate on a concept of operations and benefits analysis for the deployment of Aireon’s space-based Automatic Dependent Surveillance-Broadcast (ADS-B) service. DCA provides air traffic control, […]

Tourists can’t stay away from Mandalay

MANDALAY, one of largest cities in Myanmar, has seen increased numbers of international visitors over the past five months, according to the Ministry of Hotels and Tourism. Between January and May this year, nearly 160,000 tourists entered the city, an increase of 22 per cent over the same period last year, said an official from […]

Banks Reminded to Accept Foreign Currency in ‘All’ Conditions

RANGOON — The Central Bank of Myanmar is encouraging patrons to lodge complaints if they have been turned away by banks for trying to exchange US dollars that are not in mint condition, according to an official from the Foreign Exchange Management Department. Until recently, currency exchange points would only accept US bank notes if […]

Mango growers need agricultural certificate to enter international market

MANGO growers need to obtain agricultural certificate to help prove the quality of their products to enter the international market, local farmers say. The country has received a greater interest from Japan, Korea, Australia and the U.S, said Ma Zin Mar Than of Myanmar Fruits, Flower, Vegetable Producer and Exporter Association. Exporters say, nearly 10,000 […]

MPA to double fines for delayed container withdrawals

Myanma Port Authority will be fining companies that fail to remove their sea containers from ports on time, starting this month. The US$4 fine will increase to US$16 depending on the cargo. This is an attempt for the ports to be able to move cargo quickly and not backlog, as cargo pile ups in Myanmar […]