Myanmar Announces 10 Prioritized Areas for Investment

YANGON, June 28 (Xinhua)– Myanmar Investment Commission (MIC) has announced 10 areas which will be prioritized for investment by both local and foreign entrepreneurs, Myanmar News Agency reported Wednesday. The 10 prioritized areas for investment include agriculture, livestock and fishery, export promotion, import substitution, power, logistics, education, health care, affordable housing construction and establishment of […]

Car Parking Requirements Add to Continuing Woes

The condominium market in Myanmar’s commercial capital remained sluggish in the first quarter of 2017 with lacklustre sales being recorded for most projects, according to the latest report by Colliers International Myanmar. According to The Htet Oo, research and advisory assistant manager at Colliers International, the number of condominium units launched in the first quarter […]

Minimum wage war in Myanmar

Factory owners are under pressure to raise worker wages but any dramatic rise could discourage foreign brands from investing in the low-cost nation When Myanmar passed its first minimum wage in September 2015, the legislation was widely hailed as a landmark achievement for labor rights and clear sign the country was firmly on the path […]

Myanmar to Invite Private Companies to Build Pedestrian Overpasses in Yangon

YANGON, June 22 (Xinhua) — The Yangon municipal authorities will invite private companies to build pedestrian overpasses in the former capital city this fiscal year, official media reported Thursday. Previously, overpass bridges were constructed by the Yangon City Development Committee (YCDC), but starting this year such projects will be transferred to private entrepreneurs through tender […]

Ruili — China’s gateway to Myanmar

The Jiegao border area is located in Ruili, a frontier city in China’s Yunnan province. Geographically, Yunnan occupies a unique position. Shortly after day break, under the cover of heavy monsoon clouds, the Jiegao border trading area — a medium-sized 2 sq. km. complex — appears desolate. In the half-light of the early hours, long-haul […]

Korea-Backed Industrial Zone to Locate in Northern Yangon

South Korea and Myanmar have reached an agreement to establish an industrial zone in northern Yangon, and constructions will begin in early 2018, Daw Moe Thida, assistant director of the Department of Urban and Housing Development (DUHD), told The Myanmar Times on June 21. At Nyaung Na Pin township, the industrial complex project will have an estimated area of 570 acres. South Korea state-owned corporation, Korea Land & […]

Sustainable Yangon Relies on Waterfront and Railway

Yangon has a framework to become a sustainable city, with three key areas which need to be prioritised for development in order to develop the city’s sustainability, said Robert Marshall, director of planning and landscape of Canada-based urban planning firm B+H Architects. Pedestrian routes through historic central business district (CBD) areas, water bus transport and […]

Myanmar Opening Airwaves to More Voices with New Channels

YANGON — Myanmar is bringing the tide of democratization to its airwaves, adding new free-to-air channels and opening the country to more news and entertainment choices. Starting as early as next year, five new digital channels will broadcast free-to-air programs by using the facilities belonging to state-owned broadcaster Myanmar Radio and Television, or MRTV. The channels’ “content […]

Myanmar operator rolls out 4G/LTE service

YANGON – Myanmar’s state-owned telecommunications operator MPT, collaborating with Japan’s KDDI Corp and Sumitomo Corp, announced Monday the launch of ultrafast 4G/LTE mobile data service. The operator, in a statement, said its “LTE+” service will be initially available in the country’s capital Naypyitaw, its largest city Yangon and its second largest city Mandalay, expanding to […]

Myanmar adopts new first-grade curriculum with help from Japan

YANGON – In its first major educational reform in almost 20 years, Myanmar has introduced a new curriculum for first-grade students developed with Japanese assistance. With the support of the Japan International Cooperation Agency, Myanmar’s Education Ministry has produced textbooks based on the new curriculum for distribution to nearly 1.3 million first-graders in the academic […]