Myanmar to learn from Malaysia on ease of doing business

In order to raise its rank on the World Bank’s ease of doing business index, a Myanmar delegation recently visited Malaysia, which is much higher on the index, to study the situation there. Their findings will be reported to the ministries and Vice President, said U Aung Soe, director of the Myanmar Trade Promotion Team. […]

First Hilton Graduates in Myanmar to Enter Workforce

Twenty-eight graduates of the Hilton Vocational Training Center have officially entered the workforce in Myanmar after having completed two years of diploma study in hospitality management. The graduates are now fulltime employees at Hilton properties in Myanmar. Established in Nay Pyi Taw in September 2015, the Hilton Vocational Training Center was launched by Hilton and […]

Hilton enjoys double digit growth in Myanmar since entry

HILTON WORLDWIDE has enjoyed double digit growth every year since it entered Myanmar three years ago, and expects stronger growth as it expands further, according to a senior executive. William Costley, vice president of operations for Southeast Asia and India, said in an exclusive interview the hospitality firm is doing really well in Myanmar in […]

Union budget funds to go on housing projects in Ayeyawun and Yadana

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]

New marine breeding zones in Twante, Yangon to accelerate GDP growth

The plan will be implemented in the Twante and Yangon areas, he said at the meeting with the vice president and businesses. “The current government is very much interested in the fisheries sector. The sector can contribute immediate benefits for faster GDP growth. So, negotiations are underway to implement a special fisheries project in Twante […]

Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Invitation to submit Proposals for construction of warehouse, and dry ports at Yangon Ports to be submitted to MIC

Subscribe to our tender alert mailing list In at meeting between the public sector led by Vice President U Myint Swe and the private sector  held on 15th June at UMFCCI. It was announced that companies who wish to construct bonded warehouses and dry ports at Yangon ports can now submit proposals to Myanmar Investment […]

Deltapath introduced in Myanmar market

Deltapath, a leading provider of multi-vendor compatible unified communications, was introduced to the Myanmar market so as to widely use its service in the country, it is learnt. Deltapath joined hands with Polycom, the leader in HD video conferencing, voice conferencing and telepresence, so as to offer web conferencing and video on mobile devices. Deltapath […]