News

  • Mini dams built for flood prevention, water supply in Rakhine State
    Wednesday, November 20, 2019 - 16:15

    THE Rakhine State branch of the Department of Irrigation and Water Utilization Management (IWUMD) built the Yoetayok Dam in Ponnagyun Township in the fiscal year 2018-2019.

    The dam near Yotayok village is one of the dams the department built in Rakhine State for preventing floods during th...

  • Ayala Furthers Myanmar Expansion With Investment in Yoma
    Thursday, November 14, 2019 - 18:15

    The Philippines’ oldest family-owned conglomerate is furthering its expansion in Myanmar after Ayala Corp. said it will acquire a 20% stake in Yoma Strategic Holdings Ltd. and its affiliate First Myanmar Investment Public Co. for $237.5 million.

    Ayala, which has investments spanning bankin...

    Bloomberg
  • State Counsellor meets with Japanese PM, attends 2nd Myanmar Investment Conference
    Tuesday, October 22, 2019 - 14:45

    State Counsellor's statement at Second Myanmar Investment Conference, Meiji Kinenkan Hall. Tokyo (October 22, 2019)
    "We have been both aggressive and strategic in liberalizing various key economic sectors. Our insurance sector, for example, has recently been liberalized, allowing for 100 pe...

    State Counsellor Facebook page
  • Top-20 improvers in Doing Business 2020
    Monday, September 30, 2019 - 18:15

    Myanmar implemented five initiatives that enhanced its business environment. The city of Yangon strengthened construction quality control by imposing stricter qualification requirements for architects and engineers and invested in its water and sanitation infrastructure. Nationally, Myanmar launc...

    doingbusiness.org (The World Bank)
  • Myanmar, South Korea Sign Major Agreements on Trade, Investment and Finance
    Friday, September 6, 2019 - 05:15

    YANGON—Myanmar and South Korea signed five Memorandums of Understanding (MOUs) on financial, trade and investment cooperation as well as infrastructure projects at the Myanmar-Korea Business Forum on Thursday.

    Held in Myanmar’s commercial capital, Yangon, the forum was attended by South Ko...

    Irrawaddy (5 September 2019)
  • President Moon stresses economic cooperation with Myanmar
    Thursday, September 5, 2019 - 17:30

    President Moon Jae-in on Sept. 4 stressed the importance of economic cooperation with Myanmar at a groundbreaking ceremony for an industrial complex and a business forum held in Yangon. At the event themed "Korea and Myanmar, companions of coexist

    ence and prosperity," about 200 members of...

    Korea.net
  • U.S. Embassy in Yangon Makes Travel to the U.S. Easier
    Thursday, August 15, 2019 - 03:45

    Yangon – The U.S. Embassy announced another step to make travel easier between Myanmar and the United States. Myanmar citizens can now apply for a combined B-1/B-2 visa, which allows travel to the U.S. for both business and/or tourism purposes. ‎The single-entry visa is valid for three months and...

    US Embassy Yangon, Myanmar
  • Floods and landslides in southern Myanmar – at least 41 dead
    Monday, August 12, 2019 - 17:15

    PHOTOS: SBS News

    The latest in the flood situation in southern Myanmar…

    • Continuous monsoon rain since the start of the month has resulted to flooding in several areas in Southern Myanmar – Ayeyarwady, Bago, Kayin, Mon, and Tanintharyi.

    • According to the Department of Disas...

    The Thaiger (11 August 2019)
  • Myanmar’s very own satellite now in orbit
    Thursday, August 8, 2019 - 16:45

    Myanmar’s very own satellite system was successfully launched into orbit on Wednesday after two years of planning. The nation will see improved and faster communications as a result, primarily in far-flung areas.

    Arianespace, the French service provider, was able to successfully launch two...

    Myanmar Times (Kyaw Soe Htet, 8 August 2019)
  • Royal capital to 'smart city': Myanmar's Mandalay gets high-tech makeover, sparks 'spy' fears
    Wednesday, August 7, 2019 - 00:30
    Reuters