Tag Archives: Yangon

DICA opens one-stop shop Reply

by • Myanmar (Burma) News • Tags: , , , , , , , , ,

A man looks at notices pinned to a board outside the Directorate of Investment and Company Administration one-stop investment shop in Yankin township last week.

A man looks at notices pinned to a board outside the Directorate of Investment and Company Administration one-stop investment shop in Yankin township last week.

Reposted from Myanmar Times
By Aye Thidar Kyaw

One-stop service for investors has arrived. Investors who had to grapple with red tape in five or more separate ministries can now get everything done at the new Directorate of Investment and Company Administration (DICA).

DICA opened on April 10 at 1 Thitsar Road, Yankin township, Yangon.

Representatives of the ministries of agriculture and irrigation, environmental conservation and forestry, mines, industry, and fisheries and livestock will be available to discuss their various laws, rules and regulations. More…

Myanmar to build 14 more jetties at Yangon port Reply

by • Myanmar (Burma) News • Tags: , , , , , , ,

2013-04-22_bcn-20_353526Reposted from BSS

YANGON, April 22 (BSS/Xinhua) — Myanmar port authorities will build 14 more jetties at Yangon Port in addition to the 18 existing ones, in a bid to double the freight handling, official media reported today.

Of the 14 planned jetties under the government’s port development project, seven are to be built through joint venture and foreign aid, Transport Minister U Nyan Tun Aung was quoted by the New Light of Myanmar as saying.

U Nyan Tun Aung, in an inspection tour to the Yangon port, said Myanmar port would become crucial in Southeast Asia after the country’s Dawei Deep Seaport and Kyaukbyu Deep Seaport come into operation.

Yangon port handles 85 percent of export and import of the whole country, he disclosed, adding that the state will be responsible for 25 percent of the jetty construction, while the rest will be left to private constructors. More…

Myanmar Consumer Summit Pinpoints Local Consumer Dynamics Reply

by • Myanmar (Burma) News • Tags: , , , , , ,

MCSReposted from Eleven Myanmar

Myanmar Consumer Summit (MCS) will be hosted by CMT on the 9-10 May 2013 in Yangon, to provide investors with insights on Myanmar’s consumer market and ensuing opportunities in a country shaping up amidst expanding middle-income consumerism.

It is designed to provide investors with insights on Myanmar’s consumer behavior, market size plus opportunities as the country shapes up in tandem with middle-income consumerism and sustainable economic growth.

The opening up of Myanmar has propelled the country into a new economic frontier with growing investment opportunities. More…

One-stop shop for foreign investors to open in Yangon Reply

by • Myanmar (Burma) News • Tags: , , , , ,

flagReposted from Eleven Myanmar

Investors, both foreign and domestic, will be able to use a one-stop service center in Yangon as of Wednesday, according to the Directorate of Investment and Company Administration.

The agency will provide consultation and advice to investors, and help them with company registration and investment proposals, said San New at the directorate’s Yangon office.

The one-stop centre will streamline the investment process and allow potential investors to go through all the required administrative and legal steps at one location, she added. More…

Myanmar’s poor infrastructure holds it back but Hong Kong firms see opportunities Reply

by • Myanmar (Burma) News • Tags: , , , , , , , , , , , ,

Buildings go up in Yangon, where infrastructure is unable to keep up with breakneck development.

Buildings go up in Yangon, where infrastructure is unable to keep up with breakneck development.

Reposted from South China Morning Post
By Charlotte So

Deficiencies in infrastructure are holding back progress in realising the country’s huge potential, but they’re also golden opportunities

Myanmar’s backward infrastructure threatens to create a bottleneck, holding back the country’s rapid development. But for Hong Kong companies fresh from helping transform mainland China over the past 30 years, it adds up to opportunity.

The 320-kilometre bus ride from the commercial centre of Yangon to Naypyidaw, the new capital carved out of the jungle by the junta in the past decade, takes 6-1/2 hours. But traffic jams are not to blame for the slow pace. On the contrary, traffic is only seen occasionally on the main route between the old and new capitals. Rather, substandard construction techniques are to blame for the slow, sometimes bumpy ride. More…

Cambodia-based ACLEDA to hire 740 more staff as it begins micro lending in Yangon Reply

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ACLEDA_bank_headquarters_Phnom_Penh_980350444Reposted from Eleven Myanmar

The Myanmar microfinance unit of Cambodia largest bank, ACLEDA, has started offering loans in 15 townships of Yangon Region at a monthly interest rate of 2.5 percent, ACLEDA MFI Myanmar CEO Kim Bunsocheat said.

The company opened its new office in Yangon’s Bahan township on Monday, saying it has eight billion kyats (US$10 million) in initial paid up capital. More…

Fragrant to invest $300m in Myanmar Reply

by • Myanmar (Burma) News • Tags: , , , , , ,

Reposted from The Nation
By Matavee Tunrungwetjarun

Subsidiaries, mega projects in the pipeline

Fragrant Property has announced an investment of more than US$300 million (Bt8.8 billion) to expand its business in Myanmar.

The company has allocated an initial budget of about $40 million to the registration of two subsidiaries in that country, Myanmar Fragrant Development and Myanmar Fragrant, to undertake property business there, especially involving city planning, electric train systems and general utilities.

Chief executive officer James Duan said the company had offered two mega-projects to the Myanmar government. More…

Google boss calls for free speech in Myanmar Reply

by • Myanmar (Burma) News • Tags: , , , , , ,

Google's executive chairman Eric Schmidt during a conference at a technology park in Yangon on Friday, March 22, 2013.

Google’s executive chairman Eric Schmidt during a conference at a technology park in Yangon on Friday, March 22, 2013.

Reposted from Mizzima News

Google’s executive chairman Eric Schmidt called for “free speech” and for the government to be kept out of internet regulations during a speech to students in Yangon on Friday.

“Try to keep the government out of regulating the internet. The answer to bad speech is more speech and more communication and voices,” said Schmidt.

He said that the company’s first priority in Myanmar would be to to improve access to information through its search, translation and mapping applications. More…

Myanmar’s booming beauty business Reply

by • Myanmar (Burma) News • Tags: , , , , , , , ,


Reposted from Mizzima
By Ei Ei Su

From lip gloss to powder puff, the demand for beauty products is on the rise in Myanmar’s growing consumer market.

Beauty brands from Europe, America and Asia are popping up in salons and beauty stores all over Myanmar as more women seek better skin care and quality cosmetics, experts say.

Since Western countries have rolled back punitive trade and financial sanctions against Myanmar, more and more Western products are reappearing on this Southeast Asian country’s shelves.

Previously, many Western cosmetics were either smuggled across Myanmar’s borders or imported through third parties from countries such as Singapore. More…

Reform of the banking system tops Myanmar’s agenda 1

by • Myanmar (Burma) News • Tags: , , , , , , , , , , , , , , ,

Myanmar's banking services may have to expand to electronic transactions

Myanmar’s banking services may have to expand to electronic transactions

Reposted from The Nation
By Onravee Tangmeesang

Crowded Yangon International Airport is proof of Myanmar’s success in attracting large numbers of visitors now that the country has emerged from decades of isolation. More…