The 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 Seedstars was selected from the six local and foreign..
Locals 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 chair of the Myanmar SEZ Central Committee, told The Myanmar..
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 MyCO. The MyCO registry will be accepting the following forms online from now on: Form..
Photo: 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 MyCO registry will be accepting the following forms..
The 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 when the profit sharing contract (PSC) for development of..
A 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 firm said this equates to a track record..
Nyan 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 report for 2016-17. For example, the Department of Garden..
The Myanmar Global Investment Forum takes place on September 11 and 12 in Nay Pyi Taw. Thompson Chau/ The Myanmar Times Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying..
Myanmar Thilawa SEZ Holdings (MTSH), which is listed on the Yangon Stock Exchange (YSX), has plans to invest in two of the three special economic zones (SEZ) in Myanmar. These include the deep sea port project in Kyaukphyu, Rakhine, and a multi-modal logistics hub in Thilawa, Yangon. It will also invest in the Myitkyina Economic..
Photo – EPA Businesses in Myanmar face a myriad of challenges, one of which is the lack of skilled employees. That, in turn, is due to limited training and human resource (HR) functions in most firms. But while employers lament the shortage of talent, many are also reluctant to invest in staff development, saying too..