The Yangon City Development Committee (YCDC) has received over 1,000 building permit applications through the Yangon Building Permit System (YBPS), a fully automated system making all processes related to building permits including inspection requests completely online, significantly improving processing times, in just five months of operations. The YPBS was designed...
 အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Myanmar Investment Commission has approved over $ 5.15 billion of foreign direct investment as of September 4 since the beginning of the 2019-2020 fiscal year. Over $3.94 billion came from 234 investment proposals while the rest came from investment expansion from the existing foreign investments. As for local investment,...
Colliers International Myanmar and Noble Twin Dragons Co., Ltd. (Ruby Dragon Group of Companies) entered an exclusive investment representation agreement for Pyay Tower and Pyay Residences. The upcoming mixed-use commercial and residential project sits on 2.16-acre freehold land, located in one of Yangon’s premium addresses. Designed as a prime landmark development, the project is...
The construction of the Dala Bridge, which will connect Yangon and Dala, is now complete 16.15 percent and scheduled to complete by October 2020, according to the Ministry of Construction. The project is implemented using $157.83 million from South Korea along with $30.34 million from the Myanmar government. The 6,128 ft...
Ookala's speed test identified Ericsson's networks as the fastest in the months of June and July in Myanmar, where less than 10 percent of the population had access to mobile services in 2014 when Telenor Myanmar and Ericsson entered a partnership compared to 105 percent SIM penetration and 80...
Mastercard announced that it is deepening its commitment to Myanmar by taking steps to incorporate an entity in the country – thereby establishing a local office presence in Yangon – and to appoint a country business development manager. “As Myanmar continues its digital transformation, it is also necessary to empower...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Local investments in various sectors during the first 2019-20 Fiscal Year have reached over K1,500 billion representing K200 billion increase compared to that of the same period last fiscal year, according to data from the Myanmar Investment Commission. The investments are from 113 companies who made over K1,543...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The Ministry of Electricity and Energy announced that it will provide free 150 units of electricity from August 1 to December 31. The ministry said that it is to encourage people who are facing difficulties both economically and morally. The country’s 2020 election is set to hold...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Internal Revenue Department announced on August 17 that the department will allow illegally imported foreign-made liquors to put an A1 tax stamp if owners pay taxes. This is, the department said, part of the move to support importers, who import foreign-made liquors legally so that they do not...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The Ministry of Planning, Finance, and Industry has provided K59.498 billion to 44 microfinance companies, who will lend the approved funding to teashops and small-scale restaurants opened in a settled place across the country. The loans that the companies will provide are one-year term loans with 2 percent...