Tin Mg Oo The Ministry of Construction last week announced a March 31 deadline for the Final Request for Proposal (RFP) for Phase One of the Yangon Elevated Expressway, with the selection process slated to kick off in the first week of April. The ministry said it will implement this highly...
Myo Sandar The government started levying a 5 percent commercial tax on mobile phone handset sales in June 2019. The tax generated K2.5 billion in revenue for government coffers during the first quarter of the new fiscal year, according to the Internal Revenue Department. Shops in Yangon and Mandalay are the...
Myo Sandar The coronavirus that originated in the Chinese city of Wuhan will likely have long-lasting impact on trade between China and Myanmar, as Muse, the biggest of all Myanmar-China border trade zones, has been closed since January 27 as a preventive measure. Border trade through Muse topped $4.9 million in...
Tin Mg Oo With the government and private sector working to increase exports, Myanmar witnessed some $1.144 billion rise in export earnings in the first four month of the new fiscal year compared to the year-earlier period, according to Ministry of Commerce data. Imports surged by $697 million during the same...
Tin Mg Oo The Ministry of Energy and Electricity has asked the country’s highest legislative body to approve its proposal to borrow $113.036 million from South Korea’s Economic Development Cooperation Fund (EDCF) to fund the replacement of gas pipelines running from Magway to Shwe Taung. “The aim of this project is...
Myo Sandar The Directorate of Industrial Supervision and Inspection under the Ministry of Planning, Finance and Industry said that those applying for SME membership cards through its website www.msmewebportal.gov.mm/login can now pay registration fee online. Applicants need to provide a passport-size photo taken against a blue background and fill out the...
Myo Sandar Myanmar started drafting a National Export Strategy (NES) in 2013 and has been implementing the strategy since 2015. When the current NES ends, the Ministry of Commerce will extend it for five more years, with 10 additional sectors placed on the priority list. The new prioritized sectors include agricultural...
The Lagonpyin water supply project, implemented using JICA official development assistance loans and expected to be completed in 2022, will provide water to 23 quarters in Dagon East Township, according to Yangon Mayor U Maung Maung Soe’s recent remarks to the Regional Parliament. “This project is to increase the city’s...
Zin Thu Tun Chin State saw its first elephant foot yam processing factory open in Mindat Township on January 26. The factory, located on 6.7 acres of land, is operated by Chin Hills Treasure Company (CHTC), a farmers-owned-and-operated agricultural enterprise. “This first-ever elephant foot yam processing factory in Chin State is...
The Yangon Regional Government has paid over K15.39 billion in compensation to 139 landowners for lands confiscated for projects by the Yangon City Development Committee. The confiscated lands are in Dagon Myothit (Seikkan), Dagon Myothit (South), Dagon Myothit (North), Dagon Myothit (East), Hlaing Thar Yar, Shwe Pyi Thar, Mingalardon, Dala,...