Investment minister outlines major Yangon developments
In a statement at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry, minister of investment and foreign economic relations U Thaung Tun said that three major foreign-backed developments are moving forward desp
EUR 50 million waste-to-energy project green-lit
Parliament has approved a Polish-funded waste-to-energy project for a Yangon landfill. The EUR 50 million project will convert 1000 tons of daily waste (around 60 percent of Yangon’s total daily household waste) into fuels and chemicals for use
Thai developer to build USD 270 million industrial site
Thai developer Amata Group will partner with the Ministry of Construction on a USD 270 million industrial center outside of Yangon. The Myanmar Investment Commission approved the “Yangon Amata Smart Eco City” on October 21st. The site wi
Factory zones hardest hit as flu outbreak kills 102
More than one hundred people have died of H1N1 “swine flu” since the monsoon outbreak began, according to the Ministry of Health and Sports. Almost 600 people are currently being treated for the disease in government hospitals. Yangon see
Chin businesses request tax exemption for investors
Business owners in Chin State have requested the government to exempt tax for 7-10 years for domestic and foreign investors. According to an article in Myanmar Business Today, U Khaw Lelian, president of the Chin State of Commerce and Industry, also
