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Doing Good Index 2020 will show Myanmar’s reform progress

Yangon-based Myanmar Centre for Responsible Business (MCRB) will take part in an Asian “doing good” index, which examines fiscal, cultural and social incentives to donate to charitable causes. The process will be helpful to clear up the regulatory environment for social enterprises and philanthropic activities in Myanmar. The centre this month signed a Memorandum of […]

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Online shopping picks up momentum in Myanmar

Shop.com.mm, the Myanmar arm of China’s largest e-commerce company Alibaba Group, generated sales of over US$90,000 (K143 million)in the first hour of its first-ever Singles Day online sale on November 11. The occasion, also known as 11.11, is the biggest shopping event in China. Shop which is the largest online shopping platform in Myanmar, received more […]

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Myanmar: New ministry, ‘single-window’ system to help investors do business

Myanmar is tuning up efforts to draw investments into the country. In Parliament Monday, the establishment of the new Ministry of Investment and Foreign Economic Relations was approved, paving the way for better coordination between related ministries and organisations on local and foreign investments and development projects implemented with foreign aid or loans. The newly […]

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PTTEP to invest in new Myanmar gas fields next year

With fresh oil and gas reserves at Myanmar’s offshore blocks now approved for commercial activities, the Ministry of Energy and Electricity (MOEE) will invite international tenders for up to 31 oil and gas exploration fields in early 2019. The last round of exploration and production tenders was held under the former government in 2014. The […]

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Myanmar: 12 applications for first phase of Yangon highway project

The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]

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