Myanmar Economy Needs ‘Predictable Policy,’ New Reform Leader Urges

NAYPYITAW — “Winston” Set Aung, Myanmar’s newly-appointed deputy minister for national planning and finance, has urged fellow government leaders to pursue further regulatory and policy reforms for the economic development of Myanmar during a panel session at the Myanmar Democratic Transition Forum. “It is required to establish predictable and stable policy with clear and simple […]

Korea’s LOTTE to launch hotel, serviced apartments in Yangon

Korea’s LOTTE group will launch its awesome resort hotel and serviced apartments in Yangon on September 1 beside the picturesque Inya Lake in its march to become one of Asia’s formidable business conglomerates. Founded by Korean businessman Shin Kyuk-ho in Japan in 1948, LOTTE expanded into South Korea in 1967 with a range of confectionery […]

Business Mogul Tay Za Makes Surprise Appearance at SEA Games

YANGON — In his first public appearance for years, business mogul U Tay Za presented US$10,000 to the Myanmar men’s football team on Monday after the team beat Singapore in the 29th SEA Games in Malaysia. According to sources, U Tay Za has been in Malaysia since Sunday, together with his son Ko Pyae Phyo […]

FDA shuts down seven drinking water factories in Yangon

Seven drinking water factories were shut down in Yangon last week for violations of government rules, the region’s Department of Food and Drug Administration said. Two drinking water factories in Hlaing township were ordered closed on August 10 for failing to observe good manufacturing practices, while five others from Hlegu township were shut down on […]

Government to open vocational training schools for dropouts in Yangon

The Yangon government and the Ministry of Education will start collaboration in running vocational training schools in the region to help youth dropouts find gainful employment, Yangon Chief Minister U Phyo Min Thein said. “Children who drop out from school will finally have a chance to get access to education that they can afford,” U […]

Myanmar to Resume Issuing Visas on Arrival to Visitors

The Ministry of Labor, Immigration and Population agreed to resume issuing visas on arrival (VOA) to foreign visitors after negotiating with the Ministry of Hotels and Tourism, a senior tourism official said. “We got initial agreement with the ministry of labor, immigration and population but the immigration department will still decide on the number of […]

Hello Cab returns to market with new app, says market big enough for four

Local taxi operator Hello Cab is gearing up to compete in Yangon’s after upgrading its mobile app, managing director U Aung Win said. ‘’We are using an application which was created in 2013 and is no longer up to date. Now, we are drawing on new software to build the app and hope to finish […]

Myanma Timber Enterprise Export Marketing & Milling Department Invitation for Open Tender Closing Date 28 August 2017

1. Myanma Timber Enterprise Will Sell Teak & Hardwood Round Logs and Sawn Timbers by Open Tenders In Us Dollars. Particulars of the Open Tender Sales Are As Follows: (a) Date & Time  (25-8-2017) (12;00)Noon (28-8-2107) (12;00)Noon (b) Commodities & Volume  Teaklogs About (1615) Tons Teak Conversion About(363)Tons Hard Wood Logs Padauk Log (72) About […]

Colliers Property Report – Yangon Retail Q2 2017

Retail Market Faces Bright Future Yangon’s retail scene is undergoing modern transformation. Foreign F&B brands, new technologies, and upbeat designs are defining the trend, and the consumers are strongly embracing these new experiences. Colliers sees a shift towards trendier concepts and that a wider variety of product offerings will be essential for retail developments going […]

Daibochi expects a better second half with new plant’s contribution

KUALA LUMPUR: Daibochi Plastic and Packaging Industry Bhd, which on Wednesday reported a 14% dip in first half-year net profit, expects a stronger performance in the second half of the year as it banks on its newly-operational first overseas plant in Yangon, Myanmar. The flexible packaging manufacturer said in a statement that the consumer packaging […]