Union Parliament

Company registration fees to halve from April 1, more SMEs expected

March 16, 2018 by thiha

Company registration fees for small and medium enterprises (SMEs) will be halved from K500,000 to K250,000 from April 1 onwards, according to a statement issued by the Directorate of Investment and Company Administration (DICA) Tuesday. The latest move comes after DICA, together with the Ministry of Planning and Finance halved company registrations fees for private […]

Filed Under: Latest News Tagged With: DICA director U Myo Min, Directorate of Investment and Company Administration (DICA), Ministry of Planning and Finance, new Myanmar Companies Law, small and medium enterprises (SMEs), Union of Myanmar Federation of Chambers of Commerce and Industry, Union Parliament, World Bank

Ministry to take US$80 million loan from ADB

March 8, 2018 by thiha

Deputy Minister for Construction Kyaw Lin has submitted a proposal to take a US$80-million (107.38 billion kyat) loan from the Asian Development Bank for the water supply and garbage collection projects in Mawlamyine and Hpa-An, he said at a session of the Union parliament on February 22. The ministry will request loans from the ADB […]

Filed Under: Latest News Tagged With: Asian Development Bank, construction ministry, Deputy Minister for Construction Kyaw Lin, GMS East-West Economic Corridor Town Development Project, Hpa-an, Mawlamyine, Thailand’s Neighbouring Countries Economic Development Agency (NEDA), Union Parliament

Yangon to upgrade public infrastructures, drainage system with World Bank’s loan

February 22, 2018 by thiha

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters. The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held […]

Filed Under: Latest News Tagged With: Ellen Goldstein, Myanmar, Myanmar Southeast Asia Disaster Risk Management Project, Phyo Min Thein, Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Union Parliament, World Bank, World Bank Country Director for Myanmar, Yangon, Yangon Region Chief Minister

International community eyes investing in industrial zones in Yangon

February 14, 2018 by Thiha

The international community has shown interest in establishing industrial zones in Yangon Region, according to the Directorate of Investment and Company Administration (DICA). “A lot of foreign investors want to set up industrial parks,” said Than Aung Kyaw, deputy director general of DICA. During the 14th regular meeting between Vice President Myint Swe and local […]

Filed Under: Latest News Tagged With: Central Committee, Dala-Kawhmu-Kungyangon, Deputy Director General of DICA, DICA, Directorate of Investment and Company Administration, foreign investors, industrial parks, industrial zones, international community, private sector, Than Aung Kyaw, Union Parliament, Vice President Myint Swe, Yangon Region Chief Minister Phyo Min Thein, Yangon special economic zone

More teacher training needed to head off shortage, report finds

November 15, 2017 by Thiha

An instructor training course for the extracurricular primary-level education level. The country requires more than 6,500 high school teachers between now and next March, along with over 21,000 middle school teachers and more than 35,000 primary school teachers, according to a report by the National Education Policy Commission in its second report (covering April to […]

Filed Under: Latest News Tagged With: basic-education schools, daily-wage” primary teachers, Education Ministry, education-focussed universities, extracurricular primary-level education level, high school teachers, instructor training course, middle school teachers, National Education Policy Commission, primary school teachers, Report, teacher training, teacher-training programs, teaching certificates, Union Parliament

Government settles gold debts by private miners

October 27, 2017 by Thiha

The outstanding gold debt owed by private gold mining firms to the government as at September 30, 2017 is 14,121.32 ticals, U Ohn Win, Union Minister for National Resources and Environmental Conservation reported at the Pyithu Hluttaw held on October 19. In Myanmar, 1 tical is equivalent to 16.34 grams. Those debts are to be […]

Filed Under: Latest News Tagged With: Asia Kabar Myar Co, Commercial Tax, export, gold debts, Gold mining companies, Htarnay Aung Co., import, Kachin State, Khaing Shwe Nyein Aye Co., Kyaw Hlwan Moe Co. Oo Dan Thit Co., mandalay, Mandalay Region, Myanmar Mines Law - Rules and Procedures, National Prosperity Company, private miners, Pyithu Hluttaw, San Lin Co., Shwe Moeyan Company, U Ohn Win, Union Minister for National Resources and Environmental Conservation, Union Parliament, Yangon

Myanmar Told to Move Now for OBOR Benefits

August 9, 2017 by thiha

MYANMAR will miss out on the benefits of participation in China’s One Belt, One Road trade initiative if it doesn’t get moving now with preparations, a forum was told. Aye Lwin, a member of the Myanmar Investment Commission and the ruling National League for Democracy party’s Central Economic Committee, said Myanmar must cooperate with its […]

Filed Under: Latest News Tagged With: Aye Lwin, China One Belt, Indian Ocean, Jo Daniels, Khin Maung Nyo, kyauk phyu, Managing Partner of Baker, McKenzie Myanmar, Myanmar, Myanmar Economics Association, Myanmar investment commission, National League for Democracy Party Central Economic Committee, One Road, Silk Road Strategy, special economic zone, Thailand, Union Parliament, Zaw Phay Win

Rangoon Mayor Announces Regional Plans to Ease Guesthouse Restrictions

March 22, 2017 by thiha

RANGOON ¬– The Rangoon divisional government plans to relax restrictions on guesthouses and hostels, according to Rangoon mayor U Maung Maung Soe, yet Union laws barring international visitors from staying in such establishments remain intact. U Maung Maung Soe said that in April, the divisional government would amend the 2013 municipal law which sets […]

Filed Under: Latest News Tagged With: Ministry of Hotels, MoHT, Rangoon Division parliament, Rangoon Mayor U Maung Maung Soe, The Rangoon Divisional Government Plans, tourism, U Maung Maung Soe, U Thawda Aung of Sanchaung Township, Union Laws, Union Parliament, Yangon City Development Committee, YCDC

Yangon high-rise review divides officials

August 1, 2016 by thiha

The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction. Daw Sandar Min, who heads the regional Finance, Planning and Economic Committee, said developers had suffered “enormous […]

Filed Under: Latest News Tagged With: A National League for Democracy MP, Colliers International Myanmar, Cyrus Pun, Daw Sandar Min, Economic Committee, finance, NLD, Planning, Singapore Myanmar Exchange, The Myanmar Times, Tony Picon, U Ye Min Oo, Union Parliament, Yangon City Development Committee, Yangon Region

Singapore carriers exploring possibility of multi-city flights within Myanmar

June 13, 2016 by thiha

YANGON – Singapore is looking to introduce multi-city flights within Myanmar by its carriers Singapore Air or Silkair, as part of a series of ways the two countries can cooperate more closely. PM Lee Hsien Loong gave these updates on Wednesday (June 8) at a reception with Singaporeans in Yangon at Sedona Hotel, built by […]