Yangon MP targets corruption

Government staff in Yangon Region are involved in the misuse of public finances, according to regional MP Than Naing Oo, representing Pabedan constituency no.1. “Some irregularities in the use of the union budget for 2015-16 fiscal year were found at the Home Affairs Ministry, Fire Service Department, dam and water management department, Ministry of Agriculture, […]

TPBI signs Myanmar MoU

SET-listed TPBI Plc, a plastic packaging maker, has signed a memorandum of understanding (MoU) with a local partner in Myanmar to build a factory there to serve export demand. Chief finance officer Kamol Borrisuttanakul said TPBI signed an MoU with Myanmar Start Group to start a feasibility study to expand plastic packaging business in Myanmar […]

Dry port discussions under way on China border

The Shan State government has approved the project, and has asked First Golden Dragon Company to secure consent from landowners, said Muse district administrator U Kyaw Kyaw Htun. The company hopes to build a 210-acre dry port including a highway bus station, space for trucks to load and unload, cold storage and new warehouses, he […]

Rice federation to introduce Warehouse Financing at Apex

The Myanmar Rice Federation plans to open several warehouses for rice traders to store their product for use as collateral to receive bank loans, said its chair U Chit Khaing. The system would alleviate the need to sell rice immediately even if prices are low to pay for a sudden expense. Instead, traders will be […]

Industrial leaseholders warned they would lose if no business is done

The Yangon region industrial zones management committee has warned it will retake 2,339 land plots and 1,299 warehouses located in 29 industrial zones in Yangon region by February 2015 if they are not used for business purposes. Land plots and warehouses occupy more than 4,418 acres of space in total, according to the committee. The […]

Japanese entrepreneurs to visit Myanmar for potential investment

Business people from over twenty Japanese firms will visit Myanmar to explore investment opportunities, according to Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). About 50 business people from 20 industrial sectors, such as machinery, electric and power, construction and garment, will be led by the Executive Vice President of Japan External […]