Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Yangon plans airport-downtown shuttle service

Authorities are working on setting routes for a shuttle service business between Yangon International Airport and downtown Yangon. With new buses imported from China, the service will be placed into operation soon, said Dr Maung Aung, Secretary of the Yangon Region Transport Authorities. An agreement to buy 1,000 new city buses for the roads of […]

Three 100-Ton Bran Oil Plants to Be Built in Myaungmya, Kyaiklat and Yangon

Three 100-ton bran oil plants will be built in Myaungmya, Kyaiklat and Yangon this financial year, Ye Min Aung, the managing director of Myanmar Agribusiness Public Corporation, said. “In the 2017-2018 fiscal year, three 100-ton bran oil plants will be built in Myaungmya and Kyaiklat from Ayeyawady Region and Twantay from Yangon Region. The investment […]

Ensuring Next Generation Gets a Better Deal

The Ministry of Social Welfare, Relief and Resettlement is carrying out a social awareness and training program as well as carrying out a survey of street children in several parts of Yangon and Mandalay. According to U Aung Kyaw Moe, director of the Department of Social Welfare the training is ongoing in both cities now. Yangon’s northern […]

Myanmar Timber Enterprise – Invitation for Open Tender of Timber on 26th & 29th May 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 -(26-5-2017)(12;00) Noon (29-5-2017) (13;00) After Noon (b) Commodities & Volume -Teak Logs about ( 3227 ) Tons -Teak Conversion about( 366 )Tons […]

High Rates on Loans for Affordable Homes Are ‘Shutting Poorer Families Out of the Market’

The interest rates charged by banks on loans used to help low-income families purchase affordable hous­ing units are too high, the Chairman of the Myan­mar Real Estate Services Association has said. U Khin Maung Thant said that while it was a“great thing” that banks were providing loans to help people buy afford­able apartments, the rates […]

Australian firms urged to invest in Myanmar

Nick Cumpston, counsellor at the Australian Embassy, said in an exclusive interview that the Australian government would encourage its businesses to seize enormous opportunities in the emerging market, thanks to Myanmar’s potential for faster growth in the near future. According to Cumpston, Australian firms’ interest in Myanmar has been on the rise, driven by the […]

Puma Energy Asia Sun Opens Myanmar’s Largest and Most Modern Petroleum Products Terminal

Puma Energy Asia Sun (P.E.A.S), a joint venture between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon. This USD92 million investment into the country’s largest […]

Uber Gets Its Show on The Road in Myanmar

YANGON — Ride-hailing giant Uber Technologies began serving Myanmar’s largest city Thursday, aided by the spread of 4G mobile communications technology. The U.S. company will likely face stiff competition from local startups. With Uber, the passenger specifies pickup and drop-off locations for the app to find a nearby registered driver. A clear price is set […]

Myanmar, France Chambers of Commerce Sign Pact for Stronger Economic Ties

Yangon Though investment by French firms in Myanmar has accounted for less than 1 per cent of the total forฌeign direct investment, the figures are likely to surge over the next few years as the Union of Myanmar Federation of Chamber of Commerce and Industry on Friday signed a memorandum of understanding (MOU) with CCI […]