Korea-Myanmar friendship bridge (Dala Bridge) is now being redesigned to meet bridge clearance criteria and expected to start construction work at the end of this year. It will link Phone Gyi Street in Lanmadaw township on Yangon side to Bo Min Young Street on the other side of the river (Dala Township). The Myanmar Port […]

New Yangon Development Company Limited is now putting effort to implement NYDC Town hall plan with the objective of creating economic growth, homes and 2 million jobs. The 20,000-acre project is being planned to build on the west of the Yangon River and south of the Panhlaing River to the river mouth. The company is […]

Transport authorities are planning to build US$323 million worth No.3 Thanlyin Bridge in November and expected to finish in March 2021, according to Ministry of Construction. The intention to build the bridge is to ease traffic jam between Thilawa SEZ and other SEZs in Yangon and to attract foreign investments. The bridge will connect between […]

Mottama Holdings Limited, a Yangon-based company, has nine major projects in the pipeline, valued at US$1 billion and expected to be all completed by 2022, according to the company’s announcement on June 15. Mottama’s nine projects cover residential apartments, office towers, shopping malls and public recreational centers. There are four projects carried out with international […]

It is reportedly known from Myanmar- Korea Investment Seminar that Korean investors prefer to invest in Myanmar Retail Market. In Yangon, available retail space with high standard facilities is now amounted to over 320,000 square meters, according to Collier First Quarter Market Report. Occupancy rate hits around 90%. Average rental rate for 1 square meter […]

The government has officially granted permission to a total of seven new registered express delivery providers to carry out operations in the country. Those delivery service providers will provide postal and parcel express delivery services both domestically and internationally and will be managed by the Ministry of Transport and Communications. RG Express Services Co, Myanmar […]

Effective from 1st July 2018, iBanking transaction fee will be charged as follow: Transaction per day IBanking Transaction fee Up to 200 million MMK (Corporate) 0.0125% of transfer amount Above 200 million MMK(Corporate) 0.025% of transfer amount Maximum 30 million MMK (Retail) 0.025% of transfer amount (min 500 MMK) The bank informed that there will […]

  The European Union (EU) and German International Economic Cooperation (GIZ) will provide Euro 22.5 million for Myanmar Fishery Sector Development. Fishery’s Development is implementing the five years plan, named MYSAP (Myanmar Sustainable Aquaculture Programme) from 2017 to 2021 and it will be undertaking as fresh water region and salt water region.   Source: 7Days […]

In 2017, Myanmar reached the 171th rank out of the 190 countries Doing Business by World Bank. World Bank (WB) has suggested five points to create a framework for e-government and redraft over-100-year-old taxation law in a bid to get the higher rank in the Ease of Doing Business, said U Aung Htoo, Deputy Minister […]

Vice President U Myint Swe delivered the opening address at the 2nd Myanmar-EU Economic Forum held at the Hotel Kempinski in Nay Pyi Taw on 6 June, 2018. In his speech, he addresses macroeconomic overview of Myanmar. He mentioned that New Myanmar Investment Law, creates a more transparent environment with reduced restrictions and increased safety […]