Commercial bamboo growers in the country have set their eyes on the Kim Sone species from Thailand which is resilient and can grow in any season, said U Kyaw Win, President of Myanmar Bamboo Society. The society has been promoting and distributing Kim Sone to bamboo growers for the past three years, he said. In […]
Yangon Contractors Face Trouble
August 3, 2018 by
Due to the dollar rate appreciation, bad weather, and a sluggish market, contractors are facing difficulties and troubles. In order to address the issue, an event was held at The Sky Star Hotel on July 21. The event that was drafting the Apartment Law gave the opportunity for many to express their feelings. Feelings of […]
Construction sector to submit draft Apartment Law to parliament
August 1, 2018 by
The Myanmar Licensed Contractor Association (MLCA) has drafted a proposed Apartment Law to address a regulatory gap in the property sector. Its aim is to generate more demand and create a market for apartments in Myanmar. The MLCA’s Apartment Law seeks to regulate apartment buildings developed on land areas of less than 20,000 sq ft. […]
Next finance minister expected to rescue confidence, speed up bank reforms
June 5, 2018 by
The government has to find someone who can pick up the baton swiftly and restore confidence to an increasingly frustrated business community since U Kyaw Win has resigned as planning and finance minister. With economic reforms slowing and plummeting of investor confidence, the next office-holder needs to communicate the reform blueprint to the private sector, […]
MADB to help fuel growth across entire agriculture supply chain
April 19, 2018 by
Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]
Myanmar to upgrade 3 local airports to receive Chinese tourists
April 5, 2018 by
Some local airports will be upgraded to international-standard airports as a part of a slew of projects under China’s Belt and Road (B&R) initiative, according to U Kyaw Win, Union Minister for Planning and Finance. Backed by rising incomes, some 13 million Chinese are travelling abroad yearly but less than half a million came to […]
Thaketa gas power plant inaugurated in Myanmar
March 20, 2018 by
A China- Myanmar joint venture Thaketa gas-fired combined cycle power plant was inaugurated in Yangon on Saturday. U Kyaw Win, union minister for the Ministry for Planning and Finance and chairman of the Myanmar Investment Commission, said that the project symbolizes an important step forward toward close cooperation between the two countries. He expressed his […]
Developers Urge Government to Temporarily Reduce Tax to 5 percent
March 5, 2018 by
During a meeting with the Yangon Regional government held at MCC on February 17, construction developers urged the government to temporarily reduce the commercial tax from 30 percent to 5 percent for a period of two years. The Myanmar Licensed Contractors Association welcomed the income tax reduction in the Union Tax bill 2018, and supported […]
