Buyers of land sold by the Yangon regional government have to pay infrastructure fees, according to the Yangon City Development Committee (YCDC). Land sold by the regional government lacked electricity and water supplies, the agency said. The regional government has announced that about 530 plots owned by the government will be sold to the public […]
Dawei SEZ stands better chance with Japanese participation, officials say
July 26, 2019 by
The governments of Myanmar, Japan and Thailand will be meeting over the troubled Dawei special economic zone (SEZ) project that has stalled since 2013 for lack of funding. Ministers will form a Joint Cooperation Committee to discuss how Japan can be more involved in developing the SEZ. Located 20 kilometres north of Dawei, capital of […]
MI signs MoU with foreign insurance companies for housing projects
September 7, 2018 by
Myanmar Insurance (MI) signed a Memorandum of Understanding (MoU) with Japan, Germany and Malaysia to cooperate on insurance services for the construction of one million housing units to be developed by the Ministry of Construction, at Myanmar Insurance on August 28. Dr Sandar Oo, Managing Director of Myanmar Insurance said: “The country needs to develop […]
North Petro Chem Corporation Ltd of China exploring gas field in Ngahlaingtwin area
July 11, 2017 by
Deputy Minister for Electricity and Energy Dr. Tun Naing described joint oil and gas exploration and production projects between Myanma Oil & Gas Enterprise (MOGE) and North Petro Chem Corporation Ltd of China to yesterday’s meeting of the Amyotha Hluttaw. The deputy minister said North Petro Chem Corporation Ltd signed a PSC with MOGE for […]
Crop insurance to soon be offered
June 29, 2017 by
Crop insurance, which is of vital importance in agro-centric Myanmar, will soon be available to farmers who must regularly risk floods and other natural disasters that could potentially wipe out their harvest and their income for the season. A supervision committee on private insurance enterprises announced that private insurance companies established after 2013 will be […]
Myanmar police officers injured freeing hostages in factory rally
September 22, 2014 by
YANGON: Nine Myanmar police officers were injured as they sought to free officials held hostage by dozens of angry workers demanding wages and compensation after their factory was shuttered, authorities said on Thursday (Sep 18). More than 150 former staff descended on the Master Sport shoe facility on the outskirts of Yangon on Tuesday, demanding […]
Insurance companies warned to follow rules or lose license
February 26, 2014 by
The Insurance Scrutiny Board has threatened to revoke the licenses of private insurance companies if they are found guilty of breaking rules and regulations. An amount of US$ 46 million needs to be deposited with the Myanmar Economic Bank to establish a private insurance company. 60 percent of the sum is used for company operations […]
Lobby petitions Japanese investors over Dawei
December 17, 2013 by
With the Japan-ASEAN summit approaching, a local rights group is calling on Japanese investors to back away from the controversial Dawei Special Economic Zone (SEZ) until international best practices for compensation and environmental protection are established. The government last month suspended all work on the multi-billion dollar SEZ until it can undergo a due diligence […]
