U Kyaw Min, newly elected chair of the Mandalay Region Chamber of Commerce and Industry (MRCCI), sees big potential for the region to draw Chinese investments and tap local talent for growth and development. Mandalay is Myanmar’s second largest city and often hailed as the country’s northern economic powerhouse. “We have drawn up a one-year […]
Property Brokers Eye Offshore Condo Sales
October 26, 2016 by
Local property agents are expanding further into Singapore’s condominium market, taking the opportunity presented by a change in visa regulations, contained prices and a friendly regulatory environment. However, demand for purchasing property overseas is still lagging. Myanmar investors currently represent less than 1 percent of the foreigners buying into the Singapore property market, according to a report […]
Export price of rice to China on the decline unlike stable domestic rice price
September 22, 2016 by
The price of rice exported to China through the Muse trade channel has been on the decline, unlike the domestic rice price, which remains stable said U Kyaw Min, the secretary of Mandalay Rice Depot. Rice is exported to China mostly through the Muse and Lweje border trade camps, but the rice trade is declining […]
No need to seek approval from MIC for investment except for businesses with environmental impact
September 20, 2016 by
Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments. Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned. Currently, more DICA branches will be opened in Kayin State, […]
Business With Bounce
September 19, 2014 by
Mandalay-based Sein & Mya Mattress Industry Co., Ltd. is one of the country’s leading manufacturers of mattresses. Founded in 1994, it has two factories in Mandalay and seven stores nationwide, including one in Yangon. The Irrawaddy’s Kyaw Hsu Mon talked to the company’s founder U Kyaw Min about what it takes to succeed in Myanmar […]
