More than 65,000 factory workers in Yangon have lost jobs amid pandemic, says regional minister

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 […]

Foreigners permitted to trade on the YSX pre-listing board

Foreigners will also be able to invest in the public companies listed on the pre-listing board (second board) of the Yangon Stock Exchange (YSX), said U Thet Htun Oo, YSX Executive Senior Manager. The Pre Listing Board is a new trading board for public companies that have yet to qualify for a YSX listing to […]

Enterprise to auction off timber in three regions

The government will auction off 5400 tonnes of logs and timber to small- and medium-sized businesses in Mandalay, Sagaing and Yangon regions in February. The state-owned Myanmar Timber Enterprise announced the auction at an event organised by Mandalay’s Chambers of Commerce and Industry in Mandalay on Wednesday. “I cannot say what will happen in the […]

Myanmar Ancestral Land to be Protected

Unregistered ancestral lands and those under shifting cultivation will be registered and protected from confiscation under a draft land use policy, a change land rights groups say would be a major step forward for tenure security. The policy would mean that land could only be confiscated at the market price for public use, such as […]

Government Inspects Manufacturing Businesses for Licences

Authorities are inspecting manufacturing businesses to uncover unregistered companies as a spread of unregistered small and medium industries(SMI) throughout Myanmar are thought to be undercutting local industrial production. The Ministry of Industry’s Industrial Supervision unit’s director general U Thein Swe said private industrial businesses are wrong to think registering companies is a time consuming process […]

British School to Open in Yangon, Offer UK Curriculum to Meet Education Demands

YANGON — In a further sign of Myanmar’s rapid opening-up, the British School Foundation, a prestigious international education organization, announced plans to open a British International School in Yangon on Thursday to meet growing demand for world-class education in the country. At the opening ceremony at the British Ambassador’s Residence in Yangon, deputy headmaster Adam […]

Investors want a stake in Yangon boom

YANGON, 24 January 2014: Ministry of Hotels and Tourism says international investors are eyeing opportunities in Myanmar tourism especially in the hotel business. Ministry of Hotels and Tourism director general, Aung Zaw Win, told local media that many European and Asian investors have now registered their interest in the hotel industry. “Thailand which is already […]