Singapore-based Green Urban Ventures will invest over $142 million to develop a mixed-use project in Yangon following the recent approval of their investment proposal by the Directorate of Investment and Company Administration (DICA). The project represents the second foreign direct investment into Myanmar this fiscal year. Thailand-based Amata Group’s $300...
South Korea will idle up to a quarter of its coal-fired power plants between December and February to help limit air pollution, and the remaining plants should be enough to supply power over the winter, the country's energy ministry said on Thursday. The presidential committee recommended in September shutting down...
Perhaps nowhere are the dangers and opportunities of trash as clear as in the back alleys of Yangon and the Ayeyarwady River, where the rampant practice of open dumping and the problematic waste management in Myanmar are on daily display. By overthrowing the traditional linear model of truck and tip...
Over 12,000 people have applied to buy land being offered by the Yangon Regional Government, including plots designated for residential and industrial use. K10,000 application forms were sold by the regional government during October 7 – November 8 and prospective buyers were required to propose a price for each of...
Myo Sandar/Myanmar Business Today In a move to counter illegal money transfers, the Central Bank of Myanmar on November 15 issued rules for cross-border remittances. Under the directive, only local companies registered in accordance with the Myanmar Companies Act who have placed a certain amount of deposit can apply for a...
BORN DIFFERENT Like most 3 year old, Thiha Zaw is outgoing and full of energy. He loves to run around with his neighborhood's kids to the point of skipping his meals. Unfortunately, he was abandoned by his biological parents and adopted by Daw Kyi Htay. He has been lucky that...
Niyati Shetty (Reuters) Australian shares rose for a sixth straight session on Friday, driven by healthcare stocks and as prospects of local monetary policy easing buoyed risk sentiment. However, trading volumes were low in the region as U.S. financial markets were closed for a Thanksgiving holiday on Thursday. The S&P/ASX 200 index...
Leading spirits maker Myanmar Distillery has changed its name to Grand Royal Group International. Ownership, investment and staff structures remain unchanged. “The renaming strategy is aimed at strengthening our corporate identity and to ensure that our stakeholders are served better under one common name,” said CEO Sanjay Gupta in a...
Myanmar received an average of $500 million a month in foreign direct investment during the first quarter of the new fiscal year, according to U Thant Sin Lwin, director general of the Directorate of Company Administration (DICA), “Counting the FDI into Thilawa SEZ, the total is over $1.5...
BRUSSELS European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions. But they also criticized tariffs imposed by U.S. President Donald Trump on metal imports and a threat he has made to target EU cars and car parts. The European...