The Taungthaman Thitsar resort project, which is near popular Taungthaman Lake and U Bein Bridge in Amarapura Township of Mandalay city, will resume with the permission of Myanmar Investment Commission (MIC). It will be developed by Taungthaman Thitsar Company and take around five years to complete. Currently, a feasibility study is being carried out and […]

The Yangon real estate sector sees a great increase in demand from education providers. Since foreigners were permitted to wholly invest in the provision of educational services in the country earlier this year, demand for high-standard condominium and office units has surged. This is because find leasing or buying condominium or new office unit to […]

The International Language & Business Center (ILBC) has been permitted to invest $52 million to provide private educational services in Yangon, Mandalay and Nay Pyi Taw, according to the Myanmar Investment Commission (MIC). It is planning to launch the new campuses in April next year. The organisation has already established 30 campuses in 9 major […]

Myanmar’s two domestic airlines Air Bagan and Apex Airlines have stopped their operations, surrendering their air operator’s certificates (AOC) to the authorities recently. Meanwhile, the local FMI Air has planned to stop selling air-tickets with unknown reason starting July 20. Shortage of aircrafts and economic loss forced the domestic airlines to stop their operations. In […]

  2.0 Company Limited has launched a new transport mobile app in Yangon, Mandalay and Nay Pyi Taw that could rival Grab’s taxi app. The new OK app, which launched earlier this month, offers both drivers and passengers more flexibility and options compared to the other taxi apps in Myanmar. The company will not receive […]

Yoma Bank and Pact Global Microfinance Fund (PGMF) signed a funding agreement in support of PGMF’s microfinance operations in Myanmar on July 18th 2018. This funding agreement was worth USD 11.5M (MMK15.85 Billion). The funding agreement with PGMF will be the 7th MFI funding agreement for Yoma Bank. Around 40,000 families are expected to have […]

With the aid of Japanese ODA loan, the construction for general cargo wharf was started on June 2016 and will be completed in December 2018, and ships will be able to dock in early 2019, according to Myanma Port Authority (MPA). The construction will undertake in an area where containers can keep at the back […]

From 1 April and 29 June of 2018, total trade value reaches to almost $9 billion – nearly 4 billion worth of exports, and 5 billion worth of imports. The amount exceeds over $1 billion compared to the same period of 2017-2018 FY. As for import, the country imported $1,815 million worth of capital goods, […]

The amount of FDIs hit $ 394.87 million in this 1st Quarter of 2018. This amount is almost $1 billion lower compared to the 1st quarter of 2017-2018 FY. Between 1 April and 30 June of 2018, MIC has approved 26 enterprises to invest in the country. The agriculture sector received one foreign investment with […]

The average inflation rate in late May stood at 4.29 per cent, a slight increase compared with 4.12 per cent in late April, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation. In late May, Mandalay topped the list of inflation with 8.51 per cent, followed by Rakhine with […]