Yangon to build innovation centre with Seedstars

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..

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New company electronic registry starts accepting filings

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..

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MyCo registry starts accepting company filings

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..

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Fifth gas discovery in Myanmar offshore Block A-6

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..

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Losses mount on lease of govt land, action needed

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..

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Electricity subsidy is wrong, Pun tells minister

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..

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