YRIC endorses $4.92 mln worth 4 proposals in Q1 creating over 2,000 jobs

The Yangon Region Investment Committee (YRIC) has endorsed four foreign enterprises from China, Singapore and Hong Kong SAR in the manufacturing sector, with an estimated capital of US$4.92 million, in the first quarter (Oct-Dec) of the current financial year 2020-2021. Those enterprises are to create over 2,000 jobs. They will execute manufacturing of bags, footwear, […]

The Root Cause of Unprecedented River Rise

The monsoon had not fully reached its peak yet, but most parts of the country, which lie along the paths of the major rivers, namely: the Ayeyarwady, Chindwin, Dotehtawady, Ngawun, Sittaung and Bago rivers are being seriously inundated. The most noteworthy is the news of the level of the Ayeyardy River at Nyaung Oo, which […]

MoHT cracks down on unlicensed outbound tour operators

Legal action will start to be taken this August against unlicensed domestic tourism operators which offer tours to foreign countries, according to the Ministry of Hotels and Tourism. A sum of 69 unlicensed tour operators within Myanmar, which offer such overseas excursions, have reportedly been reminded to apply for an official license. “We’ve told those […]

Ayeyawady, Chindwin, Ngawun rivers have exceeded danger levels

WHILE exceeding danger levels around several towns the Ayeyawady and Chindwin rivers have threatened to flood people living in low-lying areas. The Department of Meteorology and Hydrology has alerted people living in lowing lying-areas in Mandalay, Sagaing and Ayeyawady regions to take precautions against possible flooding. According to observations yesterday the water level of the […]

Taiwan and EU cease buying Myanmar green peas

TAIWAN and the EU have stopped buying Myanmar green peas due to their finding the remnants of insecticides inside the product, it has been learned from merchants of beans and pulses. “We exported the green peas only after testing them at the government’s recognised laboratories. Taiwan and the EU, however, have complained that they found […]

Myanmar National Airlines receives new ATR aircraft

MYANMAR National Airlines celebrated the third arrival of new ATR72-600 MSN-1339XY-AME at Yangon International Airport yesterday. The new aircraft is the third of an order for six placed with ATR company, said the MNA, adding that the remaining three planes will be delivered in 2016 and 2017. According to the MNA, the arrival of the […]

Myanmar building materials trade open to local-foreign joint ventures

The Ministry of Commerce has permitted local-foreign joint ventures to trade construction materials with the relaxation on trade restrictions for foreign companies announced recently. “Imported construction materials should meet standards set by the relevant department,” said the announcement. Local-foreign joint ventures need to submit their bank statements when applying for a license and they must […]

JCB to open Yangon Branch

CB International is cooperating with Myanmar Payment Union banks to issue JCB cards by the end of 2016 or as soon as next year, according to a press release from the group. As well  as this partnership JCB is establishing a branch in Yangon under the subsidiary JCB International (Thailand) Co. Ltd. JCB will be […]

MPE cancels tender for Nyaungdon LPG Plant Joint Venture Project

Subscribe to our tender alert mailing list THE Myanma Petrochemical Enterprise (MPE) announced yesterday that there were no successful applicants for the Nyaung Don LPG Joint Venture Project and the tender is officially cancelled. The MPE invited prospective foreign investors to submit a Letter of Expression of Interest (LOEI) for the implementation of a Joint […]