The regional government launches the New Yangon Development Company (NYDC) on Saturday. Photo: Nyan Zay Htet YANGON’S government has formed a company to develop a landmass twice the size of Singapore as a re-launch of the “new city” development project abandoned last year. While officials has...
Read MoreWorkers ride past a steel factory in Thilawa special economic zone. The Myanmar Times Yangon Stock Exchange-listed Myanmar Thilawa SEZ Holdings (MTSH) will invest in new special economic zones (SEZs) in Myanmar and development projects in Yangon for more growth, U Aung Soe Tha, Managing Director...
Read MoreUS$3,100 million has been brought into Myanmar because of natural gas export in this fiscal year. The figure is $361 million more than that of same period last year, assistant secretary of the commerce ministry U Khin Maung Lwin told The Myanmar Times. That amount derived from...
Read MoreThe governments wants to stop borrowing from the Central Bank of Myanmar from 2020-21 onwards. Thiri Lu/The Myanmar Times Myanmar needs to strengthen its strategy of repaying debt through the sovereign bond market, MP Daw Thet Thet Khaing said in Parliament last week. The country had internal...
Read MoreMAR 2018 The Myanmar-Switzerland Business Dialogue was held Tuesday at the UMFCCI headquarters in Yangon. Phoe Wa/The Myanmar Times Members of the local and Swiss business community discussed issues pertaining to intellectual property (IP) and investment protection community at the Myanmar-Switzerland Business Dialogue held Tuesday in Yangon. Delegates...
Read MoreA technician works on electric power cables in Naypyitaw. Photo - EPA The Ministry of Electricity and Energy (MOEE) is still negotiating the terms of several power purchase agreements (PPA) which will determine the amount of power that will be purchased and distributed to the public...
Read MoreReal estate activity should pick up after regulatory reform. Aungmyin Yezaw/The Myanmar Times Hopes are high that a move in recent weeks to clarify regulations governing the sale and development of condominiums in Myanmar will boost demand for real estate in 2018. The Condominium Rules, published by...
Read MoreMyanmar wants to reduce the price of petrol for consumers. Nyan Zay Htet/The Myanmar Times The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Petroleum Trade Association (MPTA) have suggested that Myanmar directly import fuel oil from oil exporting countries in...
Read MorePower transmission lines in Yangon cut through the urban landscape. The government is planning to transmit power from Mawlamyine to Dawei via Ye township. Aung Khant/The Myanmar Times Myanmar will invest in building the necessary infrastructure needed to link Dawei in Tanintharyi Region to a power...
Read MoreThe Myotha Industrial Park in Mandalay. Than Naing Soe/The Myanmar Times With the Mandalay Myotha Industrial Project having attracted local and foreign investments totaling K150.5 billion so far, officials are now eyeing a public listing in the near future, said U Aung Win Khaing, chair of...
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