Three ministries clarify undertakings in first 100 days

THE second press conference on the Union government’s undertakings in the first 100 days was held in Nay Pyi Taw yesterday. The following is the brief of the ministries present at the conference. U Tin Myint, Permanent Secretary of the Ministry of Home Affairs said the Ministry made efforts in anti-narcotic policing, closed cases involving […]

High-profile contractors blacklisted

Yangon authorities have revoked the licences of a number of well-known contractors. Owners of Shine Construction, Mother Land Group Construction and Great Father Land Construction Decoration were among 17 contractors and four engineers to have their licences taken away by Yangon City Development Committee last week. U Aung Zaw Win of Shine Construction, U Tin […]

Experts warn on black money flowing into stock market

Care needs to be taken to prevent illegal money flowing through the planned Yangon Stock Exchange, or it risks its reputation as a reliable place to do business, according to experts. The exchange is slated to launch in October, marking Myanmar’s first modern stock market, though a number of rules governing the market are still […]

Door opens to foreign involvement in local hospital joint ventures

Foreign investors will be allowed to team up with local partners to finance private hospitals, clinics and laboratories, the Ministry of Health says. The decision reverses longstanding restrictions on foreign investment in medical facilities but will not come into effect until changes are introduced to Foreign Investment Law rules. Dr Moe Khine, deputy director for […]