Quarterly Business Magazine

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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 Bo Circle. The investment will consist of apartments, hotels, and office buildings. On a 22-acre military land next to the Maha Wizaya Pagoda near the...

Garment Manufacturers Want Lower Taxes for Imported Fabrics

Yangon - Although garment manufacturers would rather pay taxes to import fabric, they have to resort to the CMP (cutting, making, and packaging) system for raw materials because of the high tax rate, according to Myanmar Garment Manufacturing Association (MGMA). “The talks about changing the tax...

New Zealand Interested in Agricultural and Livestock Businesses in Mandalay

Mandalay - New Zealand is interested in investing in the agricultural and livestock sectors for export in the Mandalay region. According to U Myint Than, Mandalay Region Minister for Agriculture and Livestock, officials from the New Zealand Embassy in Yangon and the regional government officials...

Myanmar Trade Center Opens

Yangon - In order to promote trade, the Ministry of Commerce opened the Myanmar Trade Center in its Yangon regional office on June 21st. “We establish this center so that foreign investors can understand the specific procedures to follow if they want to invest in Myanmar and local businesses can...

Ministry of Commerce Targets to Achieve US$ 30 Billion in Total Trade Volume

Yangon - The Ministry of Commerce is planning to achieve US$ 35 billion as the total trade volume for this budget year, according to Union Minister for Commerce U Win Myint. “There are a lot of illegal trades in this country. We have discussed with other ASEAN countries about it at the World...

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...

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