Women working in the garment sector are among the hardest hit as hundreds of factories close or sack workers At least 65,000 factory workers in Yangon have lost their jobs over the past year as a result of the Covid-19 pandemic, a regional minister has said, with women working in the garment sector among the […]
More than 65,000 factory workers in Yangon have lost jobs amid pandemic, says regional minister
January 18, 2021 by
USDP’s Call to Re-Run General Election Doesn’t Reflect Military View: Spokesman
November 17, 2020 by
Naypyitaw — Myanmar military or Tatmadaw spokesman Major General Zaw Min Tun has steered clear of the Union Solidarity and Development Party’s (USDP) call to re-run the Nov. 8 general election. The spokesman said the party’s call for re-running the election in coordination with the military does not reflect the Tatmadaw’s view. The USDP, which […]
Investment applications to go online in Myanmar
November 11, 2020 by
The Directorate of Investment and Company Administration (DICA) will launch an Online Investment Application function to facilitate the investment process with the aim of attracting responsible investors, said U Thant Sin Lwin, Director General of DICA. The new function permits companies to carry out the process for proposed investments online without having to physically go […]
Myanmar exporters concerned over falling dollar rate
November 5, 2020 by
Traders are concerned about international demand and export revenues in Myanmar, which have taken a hit as a result of lower demand and a weaker dollar exchange rate. The Central Bank of Myanmar’s (CBM) reference exchange rate was set at K1287.4 per dollar on November 3, its lowest level in two years. “The dollar price […]
Myanmar Receives 16 Proposals for New Yangon City Project
October 27, 2020 by
YANGON — Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). On Saturday, the Ministry of Investment and Foreign Economic Relations said 16 consortiums […]
Five Shan towns to be promoted as tourism cities
October 23, 2020 by
Five towns in Shan State have been designated as tourism cities with the aim of improving Myanmar tourism in the post-COVID-19 period, said U Soe Nyunt Lwin, Shan State Planning and Finance minister. A tourism master plan has taken into account the “new normal” in Shan. “Under the plan, the country will promote tourism under […]
Construction work to resume in Yangon with new rules
October 21, 2020 by
Construction work in Yangon, which has been halted since the third week of September, will be allowed to resume if it follows new rules, said the Yangon Region Construction Inspection Committee. “Construction projects in Yangon Region will have to report to the committee and after inspection, they will be allowed to resume if they are […]
Myanmar releases new policy for unsolicited project proposals
October 15, 2020 by
The Public-Private Partnership (PPP) Center under the Ministry of Planning, Finance, and Industry issued order (1/2020) involving the tender process for unsolicited project proposals without government invitation. The order is issued to facilitate and clarify the process of analysing unsolicited project proposals from private organisations and companies to government departments, a spokesperson for the PPP […]
India, Myanmar agree to open Sittwe Port in 2021
October 15, 2020 by
India and Myanmar have agreed to work towards launching the Sittwe Port in Rakhine State in the first quarter of 2021, according to announcements by the Myanmar government and the Ministry of External Affairs of India. The developments were made during the visit of an Indian government delegation to Myanmar this week. The Sittwe Port […]
