Quarterly Business Magazine

July 2014

Local Banks Raise the Level of Competition with Interest Rate Hikes

Business owners have been quoted as saying interest rates are being raised to woo new customers.

Government to Reclaim Non-operating Industrial Zone Lots

The Yangon Division Government will repossess vacant lots at the Industrial Zones scattered in and around the Yangon Metropolitan area, compensatin

Myanma Airways Signed Deals with ATR for Six Aircrafts and MRO Facility

Yangon – On July 16, Myanma Airways signed contracts with French based aircraft company ATR to buy six aircrafts and establish a large-scale MRO fa

MPT’s Two Japanese Partner Companies Agree to Invest US$2 Billion

Yangon – MPT’s two Japanese partner companies KDDI and Sumitomo Corporation have announced that they will invest US$ 2 billion to expand the teleco

Over 270 Vehicles Sold at Ford Showroom within Last Six Months

The recently opened Ford Car showroom has sold over 270 vehicles during its first six months of operations, according to its press release.

Education Sector in Myanmar Immediately Profitable, Says UK

Yangon – Private schools, English language courses, and skill and vocational training schools are business opportunities in Myanmar that will provi

Myanmar Has US$ 75 Billion Worth of Untapped Natural Gas, Says U.K.

Yangon – UK Trade & Investment (UKTI) has confirmed that there is still US$ 75 billion worth of untapped natural gas in Myanmar.

Jade Mining to Resume in Kachin State

Yangon – After 29 months of prohibition, private companies are authorized to resume jade mining in Kachin State in coming September.

Import in This Quarter US$ 1 Billion Higher than in the Previous Year

Yangon – Myanmar’s total trade volume in this quarter is more than US$ 500 million higher than in the previous year.

Myanmar Government Reorganizes Myanmar Investment Commission (MIC)

Yangon – As prescribed in the investment law, Myanmar Investment Commission—previously under control of the President—was officially re-organized b

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