Renovating and Upgrading University Of Yangon

Established in 1920, the University of Yangon has an illustrious yet tumultuous history. Once among the largest universities in Southeast Asia and recognized as a premier institution of higher learning, it has endured decades of rigid external control, isolation and lack of resources. Today the legacy of limited capacity and freedom continues to hamper the […]

South Korea to step up economic partnership with Mekong nations

BUSAN ― The inaugural Korea-Mekong Summit took place in Busan, Wednesday, on the heels of the Association of Southeast Asian Nations-Republic of Korea Commemorative Summit, to explore ways to enhance cooperation between Korea and five countries that border the Mekong River. The Mekong-Han River Declaration was announced after the meeting between President Moon Jae-in and […]

Mini dams built for flood prevention, water supply in Rakhine State

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 the monsoons and supplying water during the summer. “We […]

Ayala Furthers Myanmar Expansion With Investment in Yoma

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 banking and property to telecommunications and water, will become the second-largest shareholder in […]

Top-20 improvers in Doing Business 2020

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 launched an online company registry platform, thereby merging several procedures and reducing the need for in-person interaction. Myanmar also […]

Myanmar, South Korea Sign Major Agreements on Trade, Investment and Finance

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 Korean President Moon Jae-in on the second day of his three-day visit to Myanmar. Moon […]

President Moon stresses economic cooperation with Myanmar

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 a Korean economic mission and 250 key ministers from […]

U.S. Embassy in Yangon Makes Travel to the U.S. Easier

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 there is no issuance fee. “Building […]