Sunday, 24 March 2013

New Light of Myanmar (24 Mar 2013 - Sunday)

The Mirror Daily (24 Mar 2013 - Sunday)

Google's executive chairman urges government not to censor Internet

Yangon - Google will prioritize the development of Internet surfing system and useful software for Myanmar, the visiting Executive Chairman of Google Inc. said.

Eric Schmidt also urged Myanmar government to build political and economical conditions to accommodate less censorship in the Internet.

Border trading cards attracts few but hits half million dollars

Only a few hundreds of Myanmar merchants are using Individual Trading Cards (ITC) to trade goods at border stations but their trade volume has exceeded over half million dollars within 5 months, according to the Border Trade Department.

Myanma Alinn Daily (24 Mar 2013 - Sunday)

Premier International Legal Group steps into Myanmar

Premier International Legal Group, a Thailand-based law firm, opened a new branched named Myanmar Premier International Legal Office LTD.

The luanched was  co-organized with the Economic Development Agency (Myanmar) on March 21.

Investment in Myanmar reaches over 42 billion dollar

Oil and natural gas continue to be the preferred choice of foreign direct investment, followed by manufacturing and public services sectors.

Major investors include Japan, Singapore, China, Britain and Vietnam.

India company to make SIA survey in Hintada district

Jubilant Energy from India has hired an Indian company to take environmental and social impact assessment (SIA) survey at PSC I oil and natural gas field in Hintada District.

The survey started during the first week of March. The company intended to finish the survey before April.

New Light of Myanmar (23 Mar 2013 - Saturday)

Myanmar to chair 5th East Asia Business Forum-EABC

Myanmar will chair at the 5th East Asia Business Forum-EABC which will be held in Tianjin, China from June 18 to 19.

According to a  source who attended the meeting of 24th East Asia Business Council held at the office of Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry- UMFCCI, the forum aims to be a platform for the exchanges of the business people of ASEAN and China, Japan and South Korea on the issues of common interest.

The Mirror Daily (23 Mar 2013 - Saturday)

Google's Schmidt tells Myanmar a free Internet can anchor reform

(Reuters) - The Internet has the power to prevent Myanmar's leaders from backsliding on the country's rapid transformation that has taken place since the military government stepped aside two years ago, Google Executive Chairman Eric Schmidt said on Friday.

Unicharm chases Myanmar diapers

Unicharm Corp. said Friday it has reached a basic agreement to buy Myanmar’s major sanitary napkin and baby diaper maker by June in line with its goal of expanding sales in Southeast Asian countries.

Myanma Alinn Daily (23 Mar 2013 - Saturday)

New Light of Myanmar (22 Mar 2013 - Friday)

Visa drives merchant acceptance in Myanmar

YANGON – Visa announced the continued momentum of its payment network expansion in Myanmar with Co-operative Bank (CB), Kanbawza Bank (KBZ) and Myanma Apex Bank (MAB) to further enable point-of-sale (POS) acceptance for Visa payment cards.

Google exec urges Myanmar to embrace free speech

YANGON, Myanmar (AP) — Google executive chairman Eric Schmidt on Friday urged Myanmar's government to allow private businesses to develop the country's woeful telecommunications infrastructure, emphasizing the importance of competition and free speech.

The Mirror Daily (22 Mar 2013 - Friday)

Google's Eric Schmidt makes rare visit to Myanmar

Google Chairman Eric Schmidt advocated for a free and open Internet Friday during a rare visit by a top-level American executive to Myanmar, a former pariah state that is among the world's least wired.

Myanma Alinn Daily (22 Mar 2013 - Friday)

Trade MEPs recommend restoring Myanmar's free access to the EU market

The EU should reinstate Myanmar's duty and quota free access to the EU market, said the EP's international trade committee on Thursday, in support of the Commission's proposal to support Myanmar in its reforms, in particular its efforts to eradicate forced labour.

Laos to restore air links with Myanmar

Lao Airlines will begin direct flights to Myanmar in October after a two-decade absence of air links between Vientiane and Yangon.

Re-establishing an air link between the two capitals would open doors for investors and tourists, Saleum Tayarathm, director of Lao Airlines' Commercial Department, told the Vientiane Times.

New Light of Myanmar (21 Mar 2013 - Thursday)

The Mirror Daily (21 Mar 2013 - Thursday)

Myanma Alinn Daily (21 Mar 2013 - Thursday)

Friday, 22 March 2013

Here are Google’s plans to put itself at the core of Myanmar’s nascent internet infrastructure

Google chairman Eric Schmidt speaks on March 22 in Yangon. The company has big plans for Myanmar, and they’re closely linked to the country’s plans for mobile. Myanmar’s President, Thein Sein, has set a goal of 80% mobile-phone penetration by 2015, from current rates of 9%. With internet penetration as low as 1%, and fixed-line telephony penetration in the single figures even in big cities, mobile networks will be the only way the vast majority of Myanmar’s 50 million people can get online, and will serve as the main communications infrastructure for a modern information economy, including banking, media and civic services.

Thursday, 21 March 2013

The Myanmar Times (Mar 11 - 17 2013)

New Light of Myanmar (20 Mar 2013 - Wednesday)

The Mirror Daily (20 Mar 2013 - Wednesday)

Myanma Alinn Daily (20 Mar 2013 - Wednesday)

ACO Investment Plans $700 Million in Myanmar Private-Equity Bets

Myanmar, the Southeast Asian nation that exited 50 years of military rule in 2011, offers investors the best growth opportunity in the region, said Hari Achuthan, whose firm is betting $700 million on the country.

Myanmar to ship first batch of rice to Japan in early May

Yangon - Myanmar will make its first shipment of rice to Japan in May after winning a tender to supply the country, state media reports said Tuesday.

Myanmar Agribusiness Public Company Limited will ship 5,000 tons at US$490 dollars per ton, The New Light of Myanmar said.

New Light of Myanmar (19 Mar 2013 - Tuesday)

The Mirror Daily (19 Mar 2013 - Tuesday)

Myanma Alinn Daily (19 Mar 2013 - Tuesday)

Tuesday, 19 March 2013

Canadian mining firm eyes gold in central Myanmar

Canada-based Centurion Minerals Ltd has signed a memorandum of understanding with Myanmar’s Eternal Gold Mining Company to explore and develop a gold project in Sagaing Region’s Ba Mauk area, it said in a press release.

Toyota gains speed in Myanmar, appoints new dealer, launches JV

Toyota Motor Corporation has authorised Myanmar’s Aye and Sons Company to be a dealer here and formed a joint venture with it for auto sales and service, Myo Myint Thein, general manger of the new company, T.T.A.S. Co. Ltd., said.

Singapore firms continue to eye Myanmar

A business delegation from Singapore will arrive in Myanmar tomorrow for a five-day visit that will see executives from the nation meet ministerial staff to discuss investment opportunities in a range of industries, the Union of Myanmar Federation of Chambers of Commerce and Industry said.

Visa announces POS roll out in Myanmar

Visa will extend their network of Point-of-Sales (POS) transactions by April or May throughout the country, said the spokespersons of domestic banks on March 15.

Visa signed new licensing agreements with domestic banks Kanbawza, Myanmar’s largest private bank; Co-operative Bank; and Myanmar Oriental Bank on March 14.

Myanmar's kyat on the rise

The official exchange rate has risen to about K890 a dollar as of March 14.

This represents a rise of about K10 a day over the past two weeks, when it stood at K865 on March 1.

Myanmar eases regulations on foreign-currency accounts

Foreign nationals can now withdraw from their foreign-currency bank accounts every weekday, an official from the Foreign Exchange Management Department (FEMD) under the Myanmar Central Bank said.

Shipper Maersk to open rep office

Maersk Line and MCC Transport, subsidiaries of Danish business conglomerate AP Moller-Maersk Group, announced on March 8 that they intend to open a branch office in Myanmar following EU and US trade sanction suspensions last year.

The office is scheduled to be opened in the second half of 2013.

Solar power may offer alternative solutions to rural Myanmar

Solar power can provide electricity for the whole country by 2031, said U Thoung Win, chairman of the Renewable Energy Association Myanmar on March 11.

Government to draft new energy policy

The government is planning to draft a new energy policy based on the current Japanese model, said U Win Kyaing, a member of the Energy Development Committee, on March 9.

Regional rice giants anticipate AEC

Chief regional rice exporters held a meeting aimed to boost multilateral agricultural trade between the countries at Park Royal Hotel in Yangon on March 13.

Monday, 18 March 2013

Reform of the banking system tops Myanmar's agenda

Crowded Yangon International Airport is proof of Myanmar's success in attracting large numbers of visitors now that the country has emerged from decades of isolation. But, although Myanmar has become the frontier market for investors and a must-go destination for tourists, one major problem that slows down the huge amount of money that will be spent in the country is the outdated financial system.

US, EU plan to invest in hotel industry in Myanmar

The United States and some European countries planned to invest in Myanmar hotel industry for the first time, Director Hlaing Oo of Foreign Investment Department under the Ministry of Hotels and Tourism said.

With growing number of tourists to Myanmar, the US and European countries like Germany and Switzerland are discussing about the investment to build hotels in Myanmar, he said.

CASBBA holds forum in Singapore

The Cable and Satellite Broadcasting Association for Asia- CASBBA held a forum in Singapore on February 27.

The CASBBA aimed to find out investment ways in Myanmar because there were many TV channels required in the country compare with its populations.

Myanma Port Authority cuts some red tape

Myanma Port Authority (MPA) has started cutting red tape, according to sources.

The authority has minimized phases and duration required for official processes which can prolong port clearance process of handling imported goods and containers through Yangon Port terminals, Cho Than Maung, the managing director for MPA told Eleven Media Group lately.

New Light of Myanmar (18 Mar 2013 - Monday)

SIM card prices to be reduced to a couple of thousands kyats

President's spokesperson Ye Htut has confirmed today that SIM cards will be sold for a couple of thousand kyats in April, marking a significant drop from the current retail price.

There have been reports of the President Office's Minister Soe Thein as saying that SIM card prices will be a lot lesser than 20,000 kyats (US$23) and sold for a couple of thousand kyats. So, he asked the minister for confirmation and is now informing other media about the confirmation, Ye Htut told Eleven Media.

Offshore oil and natural gas fields to call tender in April

The Ministry will call for international tender for over 20 offshore oil and natural gas fields in April, Htay Aung, Head of Office for Ministry of Energy said.

The Mirror Daily (18 Mar 2013 - Monday)

MasterCard to be available at two more Myanmar banks

MasterCard’s cash withdrawal service will soon become available at the automated-teller machines (ATMs) of two more local banks besides its existing partner Cooperative Bank in Myanmar, according to the press release.

Myanma Alinn Daily (18 Mar 2013 - Monday)

Gov't sees great business opportunities in Myanmar

TAIPEI, Taiwan -- Taiwan can tap into the Myanmar market, especially in the infrastructure and commodity sectors, as the Southeast Asian nation has been moving toward economic liberalization, Taiwan's main trade promotion body said recently.

Frontiir powers university digital network in Myanmar

US-based technology company has launched a University Digital Network (UniNet) at Yangon Technological University in Myanmar. UniNet leverages WiFi-based access and backhaul networking technologies to provide connectivity within a university, interconnect several local universities and connect them to global education communities.

Sunday, 17 March 2013

Historic chance for higher education in Myanmar

The Institute of International Education’s delegation to Myanmar this month had an unusual start. Dr Catherine Raymond, a faculty member at Northern Illinois University who curates the Burmese art collection there, was a part of our group and had taken on the mission to give back to Myanmar a Buddha sculpture created more than 1,000 years ago.

New Light of Myanmar (17 Mar 2013 - Sunday)

The Mirror Daily (17 Mar 2013 - Sunday)

Myanma Alinn Daily (17 Mar 2013 - Sunday)

The Mirror Daily (16 Mar 2013 - Saturday)

New Light of Myanmar (16 Mar 2013 - Saturday)

Myanma Alinn Daily (16 Mar 2013 - Saturday)

New Light of Myanmar (15 Mar 2013 - Friday)

The Mirror Daily (15 Mar 2013 - Friday)

Myanma Alinn Daily (15 Mar 2013 - Friday)

Friday, 15 March 2013

Google's Schmidt to Visit Myanmar

Google Inc. GOOG -0.46% Executive Chairman Eric Schmidt heads to Myanmar next week, a sign of the Southeast Asian country's appeal to leading U.S. technology companies as it emerges from decades of secrecy and crippling western sanctions.

Thursday, 14 March 2013

Myanmar sets lofty tourism targets

YANGON, 14 March 2013: Myanmar should welcome around 1.3 million visitors this year on the back of a successful 2012 that saw the country pass the tourism milestone of 1 million international visits.

Accor adds hotels in Myanmar

BANGKOK, 14 March 2013: Accor announced Wednesday it has signed off on the development of three new hotels in Myanmar – an MGallery hotel in Naypyidaw the country’s capital, Novotel Yangon Max, and Novotel Mandalay Mingalar.

New Light of Myanmar (14 Mar 2013 - Thursday)

The Mirror Daily (14 Mar 2013 - Thursday)

Myanma Alinn Daily (14 Mar 2013 - Thursday)

New Light of Myanmar (13 Mar 2013 - Wednesday)

The Mirror Daily (13 Mar 2013 - Wednesday)

Myanma Alinn Daily (13 Mar 2013 - Wednesday)

Singapore tops dream travel destination for Myanmar consumers: MasterCard Survey

SINGAPORE – Singapore has topped a list of dream destination cities for Myanmar consumers, according to a MasterCard Worldwide survey. Singapore is the ultimate destination of choice for Myanmar’s travelers, ahead of other popular cities such as New York, Bangkok, Seoul, and Paris.

Wednesday, 13 March 2013

Commerce ministry to buy rice for state reserve

The union minister for commerce said the ministry will buy rice for state reserve from the harvest of summer paddies.

Xpress Money, Myanmar Citizens Bank plan joint venture

UK-based Xpress Money Transferring services and Myanmar Citizens Bank have signed Memorandum of Understanding about possible joint venture, according to statement from the Myanmar Citizens Bank.

Myanmar trade volume increases

Myanmar trade volume of this fiscal year has increased despite decreasing export of jade, one of the country’s most sought after commodity, according to the announcements of the commerce ministry.

Ayeyarwady Bridge (Yatanarpon)to reportedly be leased out to private company

Ayeyarwady Bridge (Yatanarpon), under the supervision of the Public Works , will reportedly be transferred to Shwe Taung Company with the annual lease of 8 billion kyats, according to resources from the Public Works.

Myanmar's market attracts more Japanese companies: official figures

More than 70 Japanese companies have entered Myanmar's market by January this year, including the country’s largest logistics services company, Nippon Express (NP), according to official figures.

Myanmar beverage sector frets as giants return

Myanmar is becoming the new battle ground for Coca-Cola and Pepsi for share of the carbonated soft-drink market currently worth US$100 million a year.

Italian-Thai limits role in Dawei project

The Italian-Thai Development (ITD) is increasingly confident of its prospects for the Dawei seaport project after the setting up of a special purpose vehicle (SPV) by the government to be responsible for project management.

Rice mills and plants to be constructed with Japan investment

Myanmar will construct rice factories with the help of Misuri & Company Ltd. from Japan to produce value added products from rice, according to release from Myanmar Agribusiness Public Corporation Limited (MAPCO).

US company to build food factory in Myanmar

A food company from the United States is preparing to build food factories in the along the Myanmar- China border, as well as the Myanmar-India border areas, the director general Dr. Myint Than of Livestock Breeding & Veterinary Department said.

Myanmar expects US$2.8 bn increased revenue

National revenue for this fiscal year is expected to increased by about 2,400 billion kyats (US$2.8), a big jump from the previous year, according to the statistics released.

Toyota to open more auto service centers

Another Toyata parts and service center will be opened in Yangon and new one in Mandalay during this year, said general manager Myo Myint Hein of T.T.A.S.

Energy sector to be transparent: Minister says

The union minister for energy Than Htay said the ministry is going to push for greater transparency energy sector to instill confience among foreign and local investors.

Myanmar's SMEs to benefit from Dutch expertise

An organisation of Dutch business volunteers pledged their support in helping to develop Myanmar’s small- and medium-sized enterprises.

Myanmar Makro to sue ministry

Myanmar Makro Industry Company will file a lawsuit against Livestock Feedstuff and Milk Products Enterprise, a department of government ministry Myanmar Livestock and Fisheries, Myanmar Makro’s legal counsel told The Myanmar Times on March 5.

Myanmar market seen offering bright prospects

Myanmar may offer a huge opportunity for mainland carmakers seeking to tap into the growing demand for vehicles in one of the poorest countries in Asia.

Cisco opens in Myanmar as US tech firms eye fresh territory

Networking giant Cisco looks set to be one of the first major Western tech firms to establish a presence in once-isolated Myanmar, after announcing two networking academies designed to train up locals for work in the country’s burgeoning IT sector.

Myanmar's high land costs deter Hong Kong investors

Surging land costs in Myanmar are a challenge for Hong Kong-owned factories in the Pearl River Delta, whose owners long for access to the abundant supply of cheap labour in the country in the face of shortages in the coastal areas of mainland China.

Room shortages threaten Myanmar's tourism industry

Last year, the number of tourists arriving in Myanmar reached a record one million. This compares to about 20 million people visiting Thailand. But there are only 27,000 hotel rooms in all of Myanmar, compared to more than 42,000 in Bangkok alone. The shortage of rooms has sharply driven up the rates that Myanmar hoteliers can charge.

Myanmar: a tourism master plan

It is certainly some increase: between 2011 and 2012 the number of foreign tourists visiting Myanmar has risen by some 20 per cent. From 816,369 in 2011 the figure has now grown to over one million. “This increase shows that Myanmar has really changed”, said Phyoe Wai Yar Zar from the Myanmar Marketing Committee at ITB Berlin. Visitor numbers had originally not been expected to reach this level until 2015.

Thai-based ad, media firms flock to Myanmar

Myanmar's fast-growing economy is spurring global media and advertising agencies based in Thailand to spread their wings into that country where their international clients are eyeing further expansion.

Tuesday, 12 March 2013

The Myanmar Times (Mar 4 - 10 2013)

New Light of Myanmar (12 Mar 2013 - Tuesday)

The Mirror Daily (12 Mar 2013 - Tuesday)

Myanma Alinn Daily (12 Mar 2013 - Tuesday)

New Light of Myanmar (11 Mar 2013 - Monday)

The Mirror Daily (11 Mar 2013 - Monday)

Myanma Alinn Daily (11 Mar 2013 - Monday)

Sunday, 10 March 2013

Myanmar, EU pledge to build lasting partnership for development

YANGON, March 9 (Xinhua) -- Myanmar and the European Union (EU) have pledged in Belgium to work and build lasting partnership for development in light of historical changes in Myanmar.

New Light of Myanmar (10 Mar 2013 - Sunday)

The Mirror Daily (10 Mar 2013 - Sunday)

Myanma Alinn Daily (10 Mar 2013 - Sunday)

Four fifth of Myanmar’s rice export destined for China

Myanmar exported 1.3 million tons of rice in this fiscal year and 80 percent of them were destined for China, according to Dr. Soe Tun, Chairperson of Myanmar Farmers Association.

China paid about 12 percent higher than current price, he said.

Most Myanmar banks permitted to do business with US firms, bankers say

Except for the three banks still on the United States’ blacklist, all banks in Myanmar with permission to conduct international banking can make transactions with US companies, bankers here said.

They said that the recent removal of four Myanmar banks from the US blacklist created the misunderstanding that only those four banks could conduct transactions with US businesses.

Four Myanmar banks ready for mobile banking

Only four banks in Myanmar have submitted mobile banking proposals to the Central Bank, according to an official at the Central Bank.

“Most of Myanmar banks are not ready for mobile banking,” said the official who asked not to be named.

Investment Commission allows pharmaceuticals industries

Myanmar Investment Commission (MIC) on February 27 permitted joint investment for manufacturing household medicines, drugs, pharmaceutical equipments and traditional medicines on February 27.

Myanmar tech giant to spin off its telecom, IT units

Elite Tech, one of the country’s largest private technology companies, will spin off its telecom and information technology divisions as a single public company, Sai Khin Maung Aye, its executive director said.

Myanmar to lobby for lifting of sanctions on jade exports to the US

In order to export jade and gems directly to the United States, the government will lobby for the repeal of US legislation that bans gem traders here from exporting to the US, deputy minister for foreign affairs Zin Yaw told the Parliament on Wednesday.

New Light of Myanmar (9 Mar 2013 - Saturday)

The Mirror Daily (9 Mar 2013 - Saturday)

Myanma Alinn Daily (9 Mar 2013 - Saturday)

Cisco to set up tech training centres in Myanmar

YANGON: Cisco Systems plans to establish two network training centres in Myanmar, as global technology companies begin to move into one of the least-connected places on Earth.

New Light of Myanmar (8 Mar 2013 - Friday)

The Mirror Daily (8 Mar 2013 - Friday)

Myanma Alinn Daily (8 Mar 2013 - Friday)

Friday, 8 March 2013

Myanmar allows companies to open forex counters

Yangon, March 7 (IANS) The Central Bank of Myanmar has allowed three private companies to open foreign exchange counters in the country in addition to those run by private banks, official media reported Thursday.

Since 2011, 18 private banks have been allowed to open 212 money exchange counters.

These private banks were authorized to admit opening of foreign currency accounts with the public in US dollar, Euro and Singapore dollar as well as FEC (foreign exchange certificate) starting July last year, Xinhua reported.

The service facilitates exporters, importers, companies, organizations hotels, travels and tours companies, airlines and individuals in dealing with their balance of foreign currencies purchasing and selling by account transfer. 

Exporters are allowed to open such foreign currency accounts with their Letter of Credit (LC) accounts. 

However, the opening of foreign currency accounts at these private banks are limited to government departments, state-owned economic enterprises (SEE), joint ventures with the SEE, foreign embassies and diplomats which are to do so only with the state-run Myanmar Foreign Trade Bank (MFTB) and Myanmar Investment and Commercial Bank (MICB). 

Previously, the only two state banks were allowed to undertake such foreign currency dealing services. 

These banks have set up exchange counters at banks, airports, hotels, shopping centers and major tourists destinations for the convenience of tourists visiting Myanmar and Myanmar citizens leaving the country. 

Started Feb 1, 2012 Myanmar government has eased foreign currency exchange control allowing exchange of up to $10,000 with Myanmar kyats without any documentation. 

The fresh regulations, aimed at getting rid of black market exchange, apply to both Myanmar citizens and foreigners. 

Moreover, four Myanmar private banks including Cooperatives Bank, Kanbawza Bank, Asia Green Development Bank and Ayeyawaddy Bank have also been allowed to handle remittance to homeland from Myanmar migrant workers working in Singapore, Thailand and Malaysia starting February. 

There is a total of 19 private banks and three state-owned banks in Myanmar. 

source: News Track India

My Myanmar

A gaggle of girls smiled shyly for the camera. They were sweet and demure, the typical cluster of preteen girls, save for their shaved heads and carnation pink Buddhist robes. I met them at the Shwedagon Pagoda, the glistening golden jewel of Yangon, the largest city in Myanmar. In the 90 percent Buddhist country, monasteries provide free schooling, leading to troupes of baby monks roaming the streets.

MTN looks to Myanmar for its next call

MTN is among 90 companies vying for one of two mobile network licences in Southeast Asia’s Myanmar as the company searches for growth in new markets.

Hilton first in Myanmar

YANGON, MYANMAR and MCLEAN, USA, 7 March 2013: Hilton Worldwide is the first US hotel chain to conclude a management contract in Myanmar following the easing of sanctions last year.

Thursday, 7 March 2013

New Light of Myanmar (7 Mar 2013 -Thursday)

The Mirror Daily (7 Mar 2013 -Thursday)

Myanma Alinn Daily (7 Mar 2013 -Thursday)

Pertamina sets sights on Myanmar’s opening market

State-owned oil and gas firm PT Pertamina says that it wants to be one of the first Southeast Asian firms to enter Myanmar as the formerly reclusive nation opens its petroleum business.

EU pledges aid and trade to support 'historical change' in Myanmar

The European Commission praised the 'historical changes' taking place in Burma and pledged more EU development money and a bilateral investment agreement to mark the first visit to Brussels yesterday (5 March) of Myanmar President Thein Sein.

Wednesday, 6 March 2013

New Light of Myanmar (6 Mar 2013 - Wednesday)

The Mirror Daily (6 Mar 2013 - Wednesday)

Myanma Alinn Daily (6 Mar 2013 - Wednesday)

New Light of Myanmar (5 Mar 2013 - Tuesday)

The Mirror Daily (5 Mar 2013 - Tuesday)

Myanma Alinn Daily (5 Mar 2013 - Tuesday)

Myanmar to open offshore oil and gas bids by April

YANGON, Myanmar (AP) — Myanmar plans to put over 20 offshore oil and gas exploration blocks up for auction by April as the country pushes to attract foreign investment and expertise to help overcome an energy deficit that's a legacy of gas export deals made by its former military rulers.

Myanmar, Russia vow to promote ties

YANGON - Myanmar and the Russian Federation have vowed to promote bilateral ties including trade, economic and defense cooperation between the two countries, official media reported Tuesday.

Microsoft, Google, And HP's Mission In Myanmar

Reps from Cisco, Google, HP, Intel, and Microsoft visited the country on a week-long visit arranged by USAID to improve the country's Internet infrastructure.

Myanmar loosens grip on oil sector

Foreign firms will be granted full rights to Myanmar's deepwater oil blocks, the energy ministry said Tuesday, a first in a lucrative sector once closely-controlled by the corrupt former junta.

New Light of Myanmar (4 Mar 2013 - Monday)

The Mirror Daily (4 Mar 2013 - Monday)

Myanma Alinn Daily (4 Mar 2013 - Monday)

KWR releases investment guidebook update

KWR International has released its updated Myanmar investment guide, which is nearly twice as long as the original and is aimed at providing investors “with the information they need to develop an in-depth understanding of developments in Myanmar”.

Yangon authorities urge shop owners to take back deposits

Representatives from the Yangon City Development Committee urged shop owners at Hantharwady automobile trading square to take back their deposit money following a 500-wide protest on part of the square’s anti-relocation committee, shop owners said.

Plans announced for offshore, onshore bids at Myanmar oil and gas summit

The three-day Myanmar Upstream Summit oil and gas conference kicked off on March 4 to unlock the opportunities of the country’s rich oil and gas resources, the Minister of Energy, U Than Htay, said at the event’s opening.

ADB to help Myanmar revamp business legislation, shift registration online

The nearly century-old Burma Companies Act will be revamped and an online system for registering companies will be installed with assistance from the Asian Development Bank, the director-general of the Investment and Companies Registration Department said.

Fish exports falling short of target

Myanmar will not meet its marine-products export target of US$700 million for this fiscal year, the fish and fisheries products federation said, pointing to official figures for the first 11 months of the fiscal year.

Military firm snaps up Yangon Port terminal for $42 million

One of the main terminals at Yangon Port has been sold to Myanmar’s largest military-owned conglomerate for 37.9 billion kyats (about US$42 million), according to the National Privatisation Commission.

Boutique hotel opportunities for Thais

Abandoned colonial buildings in Yangon could be golden opportunities for Thai firms to turn them into hotels, which are in high demand to serve the rising number of visitors.

Two 22-floor buildings get green light from Yangon officials

The Yangon City Development Committee has given two private companies permission to construct two 22-floor buildings in Yangon, officials said.

Investment commission needs to target dirty money, businesses say

The Myanmar Investment Commission should ensure transparency of all investment by Myanmar citizens because corruption, bribery, tax evasion, arms and drugs trafficking, and money laundering are widespread in the country, investors and legal advisors say.

Global insurer to open office in Myanmar

American International Assurance, the third largest insurance group in Asia, has received permission to open a representative office in Myanmar, news agencies reported last week.

Myanmar First Jewelry Show to be held at UMFCCI

Myanmar’s First Jewelry Show organized by private sector would be held at the office of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Yangon, on March 10.

International businessmen to invest in Myanmar tourism

Foreign investors expressed their interest in Myanmar tourism business at a conference held in Yangon last week.

ADB discusses future projects in Myanmar

The Asian Development Bank (ADB) has discussed with Myanmar authorities over the projects that should be prioritised in the country, according to official sources.

The visiting ADB officials, led by Putu M Kamayana, met in Yangon with Aung Naing Oo, director-general of the directorate of investment and company administration under the Ministry of National Planning and Economic Development.

Myanmar vows new openness for oil industry

YANGON: Myanmar pledged a new era of transparency Monday in its oil and gas industry, as it courts foreign investors after decades of secretive rule by a junta accused of plundering natural resources.

MasterCard reports Myanmar POS terminal progress

Card payments will be accepted at more than 500 restaurants, retail outlets and hotels in Myanmar by the end of the year, following the announcement of a rollout of Point-of-Sale (POS) terminals by Co-operative Bank Ltd (CB Bank) and MasterCard Worldwide today after its first POS transaction at Golden Myanmar Airlines, Myanmar's first public, budget airline.

Tuesday, 5 March 2013

Burmese Business Growth!

Investment opportunities in Myanmar are rapidly becoming more prevalent, encouraging many foreign investors to flock to the country. However as these prospects increase, the potential for the problems that come hand in hand with foreign investment are also naturally developing. Having spent nearly half the past century under an intensely restrictive military regime, Myanmar is now experiencing new freedoms which are evidently enticing opportunistic business minds to the region.

The Myanmar Times (Feb 25 - Mar 3 2013)

New Light of Myanmar (3 Mar 2013 - Sunday)

The Mirror Daily (3 Mar 2013 - Sunday)

Myanma Alinn Daily (3 Mar 2013 - Sunday)

Proposed Myanmar media law draws criticism

YANGON: Media groups reacted with dismay on Saturday over a proposed law to regulate the press that has raised fears the government could be rolling back on promises to loosen its grip on the long-shackled industry.

Vietnam company joins hands with Myanmar company for pharmaceutical production

Myanmar Investment Commission (MIC) has recently allowed a joint-venture between a local company and a Vietnamese one to set up a drug factory in Yangon, according to official sources.

Myanmar makes efforts to promote agricultural development

Myanmar is making efforts to promote the development of agricultural sector with long- and short-term plans being implemented for transformation of conventional farming into mechanized farming across the country.

Special emphasis is being placed to improve living standard of farmers and boost agricultural development.

Saturday, 2 March 2013

New Light of Myanmar (2 Mar 2013 - Saturday)

The Mirror Daily (2 Mar 2013 - Saturday)

Myanma Alinn Daily (2 Mar 2013 - Saturday)

New Light of Myanmar (1 Mar 2013 - Friday)

The Mirror Daily (1 Mar 2013 - Friday)

Myanma Alinn Daily (1 Mar 2013 - Friday)

New Light of Myanmar (28 Feb 2013 - Thursday)

The Mirror Daily (28 Feb 2013 - Thursday)

Govt rejects leading private news media company to publish daily

The press supervisory central committee today allowed eight private companies to begin publishing daily newspapers from April 1, but denied Eleven Media Group’s application.

It said that Eleven Media’s application was incomplete because it lacked an official revenue stamp valued at 100 kyats (about 12 US cents).

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