The property sector requires organisation to enforce Condominium Law. Kang Wan Chern/The Myanmar Times Stakeholders in the property and construction sector say there is still a need for a body or organisation to oversee, implement and enforce the regulations under Condominium Law 2016 and Condominium Rules...
Read MoreUS Federal Reserve Board Chairman Jerome Powell. Photo - EPA Higher US interest rates and global oil prices are putting pressure on Myanmar’s economy. The US Federal Reserve Bank has raised interest rates three times so far this year. The latest increase of a quarter percentage point...
Read MorePhoto: Aung Myin Ye Zaw Consulting firm Fitch Solutions Macro Research downgraded the growth forecast for Myanmar’s construction industry, saying economic reforms which would boost infrastructure development had been knocked off course and the northern Rakhine crisis would weigh on the economy. Fitch Solutions Macro Research, a...
Read MoreThe Yangon regional government is inking a deal with a Swiss start-up incubator to launch the Yangon Innovation Centre. Following the regional government’s decision last year to go ahead with the project, a tender to build the centre was called in January this year. Swiss-based incubator...
Read MoreLocals set up makeshift oil rigs at the Kyaukphyu shoreline in 2014. Photo - EPA Myanmar and China are on the cusp of signing a framework agreement on the development of Kyaukphyu Special Economic Zone (SEZ) in Rakhine State, U Than Myint, Minister of Commerce and...
Read MoreThe Directorate of Investment and Company Administration (DICA)’s new electronic registry system will start accepting a number of forms related to company registration from today onwards. All company registration and filing processes has re-commenced since August 1 under the system MyCO. The MyCO registry will be...
Read MorePhoto: Shutterstock The Directorate of Investment and Company Administration (DICA)'s new electronic registry system will start accepting a number of forms related to company registration from today onwards. All company registration and filing processes has re-commenced since August 1 under the system Myanmar Companies Online (MyCO). The...
Read MoreThe Ministry of Electricity and Energy (MOEE) officially announced that the ShweYee Htun-2 appraisal well at offshore block A-6 near Rakhine State is able to produce natural gas for commercial purposes. However, U Win Khine, Union Minister of the MOEE, did not provide a timeframe on...
Read MoreA deepwater offshore oil rig and accompanying support vessel. Photo - EPA Appraisal well Shwe Yee Htun-2 has been successfully drilled with formation evaluation results indicating a gas column and net pay thickness that substantially exceeds prior expectations, according to MRPL E&P. The domestic oil and gas...
Read MoreNyan Zay Htet/The Myanmar Times Even though the government is leasing out land and buildings at rates lower than then market price, no action has been taken to renegotiate those rates and narrow the losses incurred by the State, according to the Yangon Region Auditor General’s...
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