Quarterly Business Magazine

News

Over 270 Vehicles Sold at Ford Showroom within Last Six Months

The recently opened Ford Car showroom has sold over 270 vehicles during its first six months of operations, according to its press release. Brand new Ranger Pickups are the top selling class, as it was stated. Ford was one of the earliest foreign entrants into the Myanmar market, opening its...

Education Sector in Myanmar Immediately Profitable, Says UK

Yangon – Private schools, English language courses, and skill and vocational training schools are business opportunities in Myanmar that will provide immediate returns since there is a need for education and training in all sectors in the country, UK Trade & Investment (UKTI) says. UK investors...

Myanmar Has US$ 75 Billion Worth of Untapped Natural Gas, Says U.K.

Yangon – UK Trade & Investment (UKTI) has confirmed that there is still US$ 75 billion worth of untapped natural gas in Myanmar. In addition, there could be twice this amount still waiting to be explored, the UK organization estimated. Myanmar ranks number 10 on the list of the world’s largest...

Jade Mining to Resume in Kachin State

Yangon – After 29 months of prohibition, private companies are authorized to resume jade mining in Kachin State in coming September. “Owners have long wanted to restart their businesses. Both they and workers have work to do now,” said U Tun Hla Aung, Secretary of Myanmar Gems and Jewelry...

Import in This Quarter US$ 1 Billion Higher than in the Previous Year

Yangon – Myanmar’s total trade volume in this quarter is more than US$ 500 million higher than in the previous year. The total import exceeds the total export by more than US$ 1 billion. “The trade deficit pushes inflation and make people’s lives harder,” said u Hla Maung an economist. Now Myanmar...

Myanmar Government Reorganizes Myanmar Investment Commission (MIC)

Yangon – As prescribed in the investment law, Myanmar Investment Commission—previously under control of the President—was officially re-organized by the union government after the President Office had announced the former’s dissolution. “The commission has been reorganized for more than ten days-...

Kyauk Phyu SEZ to Provide Employment Opportunities for More Than 100,000 Locals

Yangon – After Kyauk Phyu Special Economic Zone has been implemented, it will provide employment opportunities for more than 100,000 locals, said U Aung Kyaw Than, Joint Secretary of Kyauk Phyu SEZ’s Bid Evaluation and Awarding Committee. The SEZ project is expected to start in March 2015. “From...

Kyauk Phyu SEZ to Compensate Confiscated Land Accordingly and to Invite Tenders in Singapore on July 7th

Yangon – All farmland and grazing land included in the 4,000 acres allocated for the newly designated Kyauk Phyu Sepcial Economic Zone will be compensated accordingly to international rules, said U Myint Thein, Deputy Minister for Ministry of Rail Transportation and Chairperson of the Kyauk Phyu...

Strategic Environment Assessment to Begin for Second Phase of Thilawa SEZ

Yangon – For the second phase of Thilawa Special Economic Zone that covers an area of 2,000 hectares, strategic environment assessment will begin, said Than Than Thwe, joint secretary of the Thilawa SEZ Management Committee. “We can’t tell when the project will take off. We are now taking surveys...

More Foreign Banks Interested in Micro-Finance Sector

Yangon – Due to large percentage of people in poverty, many foreign financial institutes and banks are applying licenses to operate in the micro-finance sector, Vice Minister for Finance and Internal Revenue Dr. Maung Maung Thein said. “The market for this sector is so huge that many foreign banks...

Pages

Powered by Drupal