The Directorate of Investment and Company Administration (DICA) and the Myanmar Investment Commission (MIC) has issued guidelines on international visitors who want to return to Myanmar to conduct urgent business during the pandemic. The two organisations have requested the government to allow foreign employees who are working in companies registered with the MIC and Myanmar […]
WB warns Myanmar of urbanisation challenges
With more people moving to Yangon and other key destinations for better opportunities, the World Bank has warned of the challenges related to urbanisation in Myanmar at the launch of its latest report this week. Judy Baker, lead economist for social, urban, rural and resilient global practice at the World Bank, said Myanmar must urgently […]
Growth, living standards to rise as Mandalay aims to be second growth engine
Living standards in Mandalay Region are expected to rise this year with per capita GDP rising to K1.7 million compared to K1.5 million in the past, said regional chief minister U Zaw Myint Maung at the Mandalay International Trade Fair and Business Forum held on March 23. This will come on the back of rising […]
Implementation of burma’s vacant, fallow and virgin land management law: at odds with the nationwide ceasefire agreement and peace negotiations
Land rights of peoples must be protected to improve prospects for peace. The Government of Myanmar’s approach to land policy risks increasing land conflicts and exacerbating current challenges in formal peace negotiations. Civil society organizations strongly oppose implementation of the recently-amended Vacant, Fallow and Virgin Land Management Law (VFV Land Law), due to well-founded fears […]
Capital for NYDC are Deposited to Local Banks
New Yangon City Project, Yangon Regional Government’s mega project, will be implemented on the western bank of the Hlaing river. The project is falling behind the scheduled start date, because of this the capital for the project is being deposited in local banks, KBZ bank and AYA bank, Daw Khin Than Hla, Yangon Regional Auditor […]
Specter of Yangon as a Mega City Casts Shadow Over Whole Country’s Future
According to the most recent census, Myanmar’s population reached 50.28 million in 2014, of which 14.9 million, or around 30 percent of the country’s people, lived in towns and cities. The annual growth rate of this urban population has been 1.72 percent over the last 30 years compared to 1.12 percent for the country as […]
Government Reaffirms Commitment to Labour Market Reforms
Representatives of the Myanmar government, employers, workers, civil society and international partners on Wednesday gathered for the third time since 2015 in a forum to discuss the progress and challenges faced in an ongoing effort to implement labour market reforms. Taking place in Nay Pyi Taw, the forum was held as part of the ‘Initiative […]