THOUGH some international companies are still in a wait-and-see mood before pouring their money into Myanmar, the nation remains confident that it can attract heavy investment this year, thanks to its ambitious Myanmar Investment Promotion Plan (MIPP). Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations, said at a workshop […]
Read MorePeople who are selling cosmetics online without permission from the Department of Food and Drug Administration (DFDA) will face action under the Export and Import Law, said Director of the Department of Consumer Affairs U Myint Cho. Online cosmetics sellers currently do not pay taxes to the government and do not abide by the requirement […]
Read MoreAccording to World Steel Association’s projections, market demand for steel in Myanmar will surge to five million tonnes in 2025, said U Myint Swe, executive director of Danieli Myanmar, an Italian supplier of equipment and physical plants to the metal industry. U Myint Swe said this during a talk on the development of Myanmar’s iron […]
Read MoreThai-based hotel operator Centara Hotels & Resorts and KMA Hotels Group, a subsidiary of Kaung Myanmar Aung (KMA) Group of Companies, yesterday signed an agreement to develop and renovate a total of six hotels in Myanmar. The project will see three existing KMA hotels in Inle, Naypyitaw and Taungoo undergo refurbishment prior to reopening […]
Read MoreThe Ministry of Industry launched a new automotive policy this month, with the aim of supporting transport and auto-related business through sustainable development and more foreign direct investments. Under the new policy, the usage of left-hand drive vehicles will be promoted for road safety purposes. Control measures on imports of used right-hand drive vehicles, which […]
Read MoreThe Pyidaungsu Hluttaw has approved the borrowing of 1.4 billion baht from Thailand’s Neighbouring Countries Economic Development Cooperation Agency (NEDA) to supply more electricity in Yangon Region. With this loan, the Ministry of Electricity and Energy will make sure that Yangon’s power distribution system is improved and the frequency of power shortages reduced, said deputy […]
Read More
Thailand
