Quarterly Business Magazine

October 2014

Legal Procedures for Foreign Workers in Myanmar

After Myanmar has opened its doors to the world, investors around the world are rushing into the country to examine the business opportunities.

In Current Real Estate Market, Buyers Must Be Careful with Pre-Sale Units, Warn Market Experts

Yangon – The construction sector in Yangon has reached its peak, and those who invest in real estate through pre-sale apartments need to be careful

Kanbawza Won Three Awards from World Finance

Yangon – London-based World Finance has awarded three banking prizes for year 2014 to Kanbawza Bank.

Pyi Htaung Su Hluttaw Approved the New Electricity Law

Nay Pyi Taw – On October 3rd, Pyi Htaung Su Hluttaw has approved the new Electricity Law that allows private sector to operate and re-ne

Operation of Crude Oil Pipeline to China Hampered by Slow Progress in the Seaport

Nay Pyi Taw – Although the construction of Shwe crude oil pipeline is 80 percent finished, the unfinished building of a small deep sea port in Kyau

Natural Gas Price for Export Declined

Yangon – According to the Ministry of Energy, the price for exported natural gas declines due to the low gas price in the global market.

Aviation Sector Brings Revenue of US$ 31 Million in First Quarter

Yangon – According to the Ministry of Transport, the aviation sector earned US$ 31 Million abroad in first quarter of FY 2014-2015.

Facing Competition, Private Banks Reduce Service Fees

Yangon – In an environment becoming increasingly competitive, local private banks have reduced their banking service fees to order to gain more mar

Yangon Will Need Extra 300 MW in Two Years for New Condo and Residences

Yangon – To accommodate Dagon City and other incoming condos and residence apartments, Yangon will need additional 200 MW within two years, accordi

Nine Foreign Banks Authorized to Open Branch Office in Myanmar

Yangon – The Myanmar Government has allowed nine foreign banks to open branch office in Myanmar including two Singaporean banks that provided finan


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