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by Myo Sandar The Ministry of Construction has launched a Swiss challenge for a housing megaproject after a local company proposed to develop a ‘smart district’ on 1,000 acres of land near Ayeyarwon-Yadanar Housing in Dagon Seikkan Township. Interested parties are required to submit a proposal including project plan and capital...
by Myo Sandar The Yangon Stock Exchange plans to increase stock trade matching times to seven from four, starting March 26. “We want to offer more opportunities to investors and we hope that increasing the matching times will encourage trading,” U Min Thu, the exchange’s senior manager, said. “Matching” refers to the...
Coca-Cola was nearly 130 years old when it entered the Myanmar market in 2013 by partnering with local beverages company Pinya to form Coca Cola Pinya Beverages. With a $223 million investment, the company employs 1,400 workers and produces more than 60 beverages at its two factories in Hlaing Thar...
As this issue goes to print, the new coronavirus has infected over 126,000 people in 124 countries around the world, with death toll topping 4,600 and more than 68,000 people now recovered. Myanmar has had no reported cases, but experts worry that there could be people who are infected...
by Tin Mg Oo The volume of bilateral trade between Myanmar and China dropped by $209 million during January 23-February 18 compared to the same period last year as the coronavirus outbreak continued to seriously hamper the flow of trade. “The export sectors hardest hit by the virus outbreak are watermelons,...
by Zin Thu Tun Capital investments by 11 recently licensed, fully foreign-owned and joint-venture insurance companies have amounted to $127 million plus K67 billion, according to the Directorate of Investment and Company Administration (DICA) DICA data show that, from the beginning of the 2017 fiscal year to January of this year,...
Ei Thandar Tun Telecom operator Ooredoo and the United Nations Development Programme (UNDP) jointly launched an innovation hub on February 6 as part of their partnership program in support of UN sustainable development goals (SDGs). The Innovation Hub provides aspiring young entrepreneurs with a dedicated facility, technical support and networks to...
Frontiir, the founder of internet provider Myanmar Net with 1.3 million users, has been named the preferred candidate to develop cyber connectivity infrastructure for the New Yangon City project just outside Yangon. The New Yangon Development Company (NYDC) invited expressions of interest for six areas of the project’s Phase 2...
Union Minister of Planning, Finance and Industry U Soe Win revealed during a January 22 meeting with local micro, small and medium enterprises that the ministry is working to form a credit guarantee corporation to help MSMEs get access to financial services. The ministry is working in collaboration with the...
NTT Myanmar, the Yangon-based affiliate of international technology service provider NTT Ltd., has secured a business-to-business wholesale license from the Ministry of Commerce to offer information and communications (ICT) solutions and managed services to enterprise clients in Myanmar. Obtaining the license constituted a crucial step for NTT Myanmar to scale...