Yangon plans logistics hub, truck terminal to ease congestion

22 Sep 19
Yangon is planning to build a logistics hub and truck terminal in the outskirts of the city to ease traffic congestion and provide enough parking space for trucks, said Yangon Region ...

Parliament approves tax law with rates starting at 3pc

22 Sep 19
Parliament on Thursday approved the 2019 Union Tax Law, under which the tax rate for unassessed income is now as low as 3 percent. Under the new law, tax rates will ...

Govt to focus on supporting growth of digital economy, telecoms infrastructure

22 Sep 19
A senior government official says that the government is set to focus on supporting the digital economy next year.Deputy Director General of Posts and Telecommunications U Than Thun Aung said this ...

Japanese company launches first phase of cold-storage facility in Yangon

22 Sep 19
Japanese company Fukuda & Partners Co Ltd (F&P) has launched what it says is the first logistics facility with refrigerated and cold storage facilities in Yangon City. Ref: https://www.mmtimes.com/news/japanese-company-launches-first-phase-cold-storage-facility-yangon.html

Industry body aims to boost local steel production

22 Sep 19
To reduce Myanmar’s dependence on imported steel, plans are being made to increase local production with Chinese technology say industry officials. Ref: https://www.mmtimes.com/news/industry-body-aims-boost-local-steel-production.html

Automobiles to roll off new assembly line in Mandalay

6 Aug 19
Myanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay ...

FDI jumps 77pc to US$2.3 billion in first half of 2019

6 Aug 19
Government-approved foreign direct investment (FDI) into the country stood at US$2.3 billion in the first-half of 2019, a 77 percent improvement from the same period last year when approved FDI came ...

Yakult bets on Myanmar market for further growth

6 Aug 19
Yakult, the Japan-headquartered probiotic drinks maker, has invested in a US$47 million factory in Myanmar’s Thilawa Special Economic Zone. Yakult, which has factories in 39 countries around the world, now wants ...

Govt calls for sustainable tourism investments in Tanintharyi

6 Aug 19
Amid a rise in the number of Chinese tourists and so called zero-dollar tours to Myanmar in the recent months, the government is now calling for sustainable and quality investments for ...

Foreigners welcome to set up retail-petroleum business

6 Aug 19
Foreign oil and gas companies with retail operations can apply to set up their businesses in Myanmar, a senior official with the Ministry of Electricity and Energy (MOEE) told The Myanmar ...