Quarterly Business Magazine

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Myanmar Oil and Gas Enterprise (MOGE) to Partner with Private Sector

Yangon – Myanmar Oil and Gas Enterprise (MOGE) is planning to partner with private investors, according to an official from MOGE. “We are at the stage of discussing from which sections we should start with,” said the above official. The discussion will cover 10 sections under the Ministry of Energy...

Two to Be Selected for the Positions of Communications Advisor

Yangon - June 20 For the communications advisor positions, only two experts—one local and one foreign each—will be selected to provide communications regulatory advices, according to the news from the Posts and Communications Department. Out of the six applications for the local positions the...

No Plan to Allow Private Medical Schools Yet

Yangon - June 19 The government has no plan currently to allow private medical schools in Myanmar, Dr. Than Zaw Myint said to clarify the rumors. “First of all, I haven’t heard the news about establishing a private medical school. Second, there is no such plan at all,” said Dr. Than Zaw Myint. A...

Agreement between Yatanarpon Teleport and a European Company Close

Yangon - June 16 Yatanarpon Teleport will finalize the selection process for its international partner by the end of this month, and an agreement with a Europe-based company is almost certain. After negotiations with Thai-based True Corporation and a Malaysia-based company have failed, Yatanarpon...

Lack of Skilled Workers Forces Businesses to Find Workers in Singapore

June - 14 According to CDC, a local employment agency, companies are planning to hold a third job fair to seek employees in Singapore due to lack of skilled workers in Myanmar. The influx of foreign investment and the expansions in local companies have resulted in the decline in the number of...

Tax System to Change due to Speculation in Real Estate

Yangon - June 10 In Nay Pyi Daw, in order to control big land owners speculating land price, union minister U Soe Maung is advising state governments to come up with property taxes. Representatives from regional parliaments, regional businessmen, and members of regional governments should discuss...

Myanmar Teleport (MPT) Yet to Reach Agreement with Japan’s KDDI

Yangon - June 9 Myanmar Teleport has yet to reach an agreement with KDDI, a Japanese telecommunications company, due to ongoing discussions on issues regarding investment and staffing. “Although we expected to sign the agreement at the end of this month, the negotiations are not finished yet. This...

Foreign Bank Selection Team Urged to Include Representatives from Local Banks and Business Organizations

Yangon - June 9 The Foreign Bank Selection Team should include representatives from local banks and business organizations, said Myanmar Bank and Monetary Development Committee’s chairman U Aung Thaung. “We should negotiate and coordinate on the number and the types of businesses we are going to...

GAP: to Be Made in Myanmar

Yangon - June 6 Starting next summer, clothing with “Made in Myanmar” labels will be available in world famous GAP stores. As the first retail company to enter reforming Myanmar’s market, GAP has signed contracts on June 7th with two clothing factories to manufacture Old Navy and Banana Republic...

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