Local and foreign experts have warned that the country’s coral reef cover has declined by 70 percent, but the actual figure is difficult to ascertain because of a lack of data. During a recent meeting to come up with a national action plan to protect sharks and manta rays, experts admitted that coral reefs in […]
Experts discuss illegal satellite dishes, Online TV Channel issues
A workshop on Illegal Satellite and Online TV Channel was held at Thingaha Hotel in Nay Pyi Taw at 9 am yesterday. Deputy Minister for Information U Aung Hla Tun, Hluttaw Representatives, Permanent Secretaries of Ministries of Information, Commerce and Office of Union Attorney-General, Head of the Departments, Myanmar Police Force, Chairman of Myanmar Broadcaster […]
PTTEP confirms its commitment to Myanmar oil and gas
PTTEP reaffirmed its commitment to the development and growth of Myanmar’s oil and gas industry at the Offshore Technology Conference Asia 2018 this week. Despite the exploration and development challenges in Myanmar’s oil and gas sector, opportunities for successful discovery and production can be captured with the effective use of innovation and people, said Mr. […]
Uber Offers Solution to Yangon Traffic
Uber Myanmar recently released a report by Roland Berger that advocates for the use of ridesharing in Yangon, detailing the positive impacts its could have on the city’s chronic traffic. Compiled by interviewing over 4,700 riders and drivers, the report concludes that ride-sharing, or the use of private cars for the public good, essentially, the […]
DICA Advocates for Investment in Conflict Zones
By the end of the month, the Myanmar Investment Commission will open a branch office in Sittwe to “provide a solution to regional conflict,” U Than Aung Kyaw, Deputy Director General of Directorate of Investment and Company Administration (DICA) told Myanmar Business Today. Both the Union and State governments have expressed their desire to achieve […]
Crop insurance to soon be offered
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 […]
Approved investment spikes in April with oil and gas projects
pproved Foreign Direct Investment approvals jumped in April on the back of significant declared investment in the oil and gas industry, according to statistics. A total of US$2.2 billion worth of declared investments were approved in April, with more than $2 billion of that from the oil and gas sector. The government has targeted $6 […]
Mobile boom in Myanmar
The most popular brand in Yangon is iPhone, but Chinese brands are seeing their popularity rise The quest for the best mobile phones is endless in Myanmar as consumers are now offered the vast selection of products to choose from as well as better mobile phone services. In the country where the gross domestic product […]
Undergrads Return to Crumbling Yangon University
YANGON — The campus is overrun by a tangled web of weeds and vines. Many of the books in the open-air library are ancient, their pages yellow. Students will have to share a handful of donated computers and put up with slow-speed Internet, at least at first. And professors are struggling to catch up with […]
Thai companies urged to invest in Myanmar ‘or miss out’
THAI enterprises should not delay when considering business and trade opportunities with Myanmar, otherwise they may lose out to other foreign investors, said Aung Than, vice chairman to the Mandalay Chamber of Commerce in Myanmar. With the ASEAN Economic Community (AEC) scheduled to commence in 2015, Aung Than said many foreign investors, particularly those from […]