Quarterly Business Magazine

October 2014

Ooredoo Expands Network in 13 Townships in Yangon

Yangon – According to news from Ooredoo Myanmar, with its network expansions in 13 townships in October, there are now 39 townships in Yangon Regio

Japanese-Singaporean Company Given Contract for Hanthawaddy International Airport

Yangon – Tender Evaluation Committee for the Hanthawaddy International Airport project, having selecting the Korean-based Incheon Company ten month

Ministry Owned Timber Factories to Be Transferred into Private Operators

Yangon – The Myanmar government is planning to allow private operation in timber and related factories owned by Myanmar Timber Enterprise.

Government Reauthorizes Pre-Arrangement Visa on Arrival

The Myanmar government has reauthorized pre-arrangement visa on arrival, which was disco

Dollar to Kyat Exchange Rate Passed 1,000 First Time in Four Years

Dollar to Kyat exchange rate reached 1,005 due to the reduced supply of dollars from the Central Bank of Myanmar for private banks, the stagnating

Draft Private Universities Law Allows Private Universities on Land Five Acres or Bigger

Yangon – The Draft for Private Universities Law has allowed anyone who wants to establish private universities in Myanmar to do so on a land not sm

Red Link to Apply for ISP License

Yangon – Red Link Company, which is providing internet service in Myanmar on the WiMax system, will apply for an internet service provider license

ADB’s Donor Countries Agreed to Provide US$ 150-200 Million to Aid Myanmar’s Development

Yangon – According to Asia Development Bank (ADB), donor countries have agreed to provide US$ 150-200 million of aid within four years for the deve

To Help Investors Avoid Sky-high Land Price, Myanmar Government Plans to Build Factories for Rent

Yangon – In order to help both foreign and local investors avoid steep land prices in industrial zones, the Ministry of Industry is planning to bui

U.S.-based Hilton Opens Hotel in Nay Pyi Taw

Yangon – U.S.-based hotel chain, Hilton has opened its Hilton Nay Pyi Taw, which has over 200 rooms, in Nay Pyi Taw on October 17th.

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