Quarterly Business Magazine

July 2014

Kyauk Phyu SEZ to Provide Employment Opportunities for More Than 100,000 Locals

Yangon – After Kyauk Phyu Special Economic Zone has been implemented, it will provide employment opportunities for more than 100,000 locals, said U

Kyauk Phyu SEZ to Compensate Confiscated Land Accordingly and to Invite Tenders in Singapore on July 7th

Yangon – All farmland and grazing land included in the 4,000 acres allocated for the newly designated Kyauk Phyu Sepcial Economic Zone will be comp

Strategic Environment Assessment to Begin for Second Phase of Thilawa SEZ

Yangon – For the second phase of Thilawa Special Economic Zone that covers an area of 2,000 hectares, strategic environment assessment will begin,

More Foreign Banks Interested in Micro-Finance Sector

Yangon – Due to large percentage of people in poverty, many foreign financial institutes and banks are applying licenses to operate in the micro-fi

Ayeyarwady Bank Provides the First Online Banking Service in Myanmar

Yangon – The first internet banking service in Myanmar will be available anywhere with access to the internet.

American Company Surveys Mandalay Region for Power Generation Investment

Mandalay – An American company is visiting the Mandalay region to discuss investment in power generation.

Local Law Firms Help Investors Shun the Locals on U.S. Sanctions List

Yangon – For American companies coming to invest and seek local partners in Myanmar, it is not easy to learn about the background information and t

Government to Finalize Foreign Bank Selection in September

Yangon – The government will finalize the selection process for foreign banks to operate in Myanmar in September, Vice Governor at the Central Bank

Two Singaporean Companies Permitted to Produce Electricity in Thaketa

Yangon – Two Singaporean companies will invest in a power generation business on the BOT (Build-Operate-Transfer) system in Thaketa Township in Yan

Hong Kong-based Company and Local Firm to Invest US$ 300 Million on Military Land

Yangon – A Hong Kong-based company and a local company will invest about US$ 300 million on a military land near the Shwe Dagon Pagoda and U Htaung

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