The leaders of seven foreign business groups in Yangon have signed an open letter calling on investors abroad to put their money in Myanmar, stressing the critical role foreign direct investment (FDI) plays in the country’s transition. “Having been in isolation for so long, Myanmar now requires the broad regeneration of its economy to meet […]
Police arrest six suspected human traffickers in Yangon, cases to be filed
February 11, 2019 by
Police have arrested six suspected human traffickers in Yangon, a senior official of the Myanmar Overseas Employment Agencies Federation (MOEAF) said yesterday. The suspects, who were arrested a day earlier during a raid at their office, were allegedly working in an employment agency that had been sending workers to Thailand without a licence, U Peter […]
Tender for Fire Alarm and Fire Protection System at the Singapore Embassy in Yangon
February 11, 2019 by
GeBIZ ITT Reference No.: FOROOOETT19300009 08 February 2019 TENDER NOTICE SHIFT OF EXISTING FIRE ALARM PANEL AND TERM CONTRACT FOR COMPREHENSIVE MAINTENANCE OF FIRE ALARM AND FIRE PROTECTION SYSTEM AT THE SINGAPORE EMBASSY IN YANGON, MYANMAR Qualified Companies and/ or Joint Ventures are invited to submit Tender Proposals in United States Dollars for the Shift […]
Shaw Brothers Pictures to take major scenes of Line Walker-2 in Yangon
February 7, 2019 by
Shaw Brothers Pictures International Ltd. is reported to take major scenes of Line Walker-2, a sequel to their very successful Line Walker movie, in Yangon soon. A coordination meeting to shoot the movie was held at Ministry of Information in Nay Pyi Taw yesterday afternoon where Union Minister for Information Dr. Pe Myint delivered an […]
MBF signs K2 billion funding agreement with Yoma Bank
February 6, 2019 by
Mahar Bawga Finance (MBF), a Myanmar non-banking finance institution (NBFI), and Yoma Bank last Friday signed a semi-collateralised funding agreement under which Yoma will provide MBF with K2.2 billion in funds to support its operations. The agreement, which aims to address growing borrower demand for unsecured loans for personal or business development, could see MFB […]
Yangon chief minister calls for auto production efforts for global market
January 29, 2019 by
Myanmar must make efforts to manufacture a whole car and penetrate the international market, said Yangon Region chief minister Phyo Min Thein at the first international automobile show held in the Inya Lake Hotel compound on February 23. He laid out the government’s preparations for facilitating car imports as well as giving opportunities for domestic […]
Yangon Region expects to need 1700MW of electricity this year
January 24, 2019 by
Electricity consumption in Yangon Region is expected to reach 1700 megawatts this year, said U Tun Kywe, CEO of the Yangon Electricity Supply Corp (YESC). Yangon used 1548MW last year, which is expected to increase based on growth rates, historical data and new projects. “There are many new and extended projects in Yangon. Electricity usage […]
Industrial zones hampered by poor infrastructure but demand remains
January 24, 2019 by
Demand for Myanmar’s industrial zones beyond Yangon is bound to grow but poor transport and energy infrastructure have held back investments, a major study suggests. Business information firm Frontier Myanmar Research (FMR) last week at the Yangon Stock Exchange launched its Myanmar Industrial Zone Review, a study based on reviewing approximately 100 active, developing and […]
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