Tycoon will continue paying dividends to investors despite slump

A company owned by one of Myanmar’s richest men will continue to pay high dividends to investors despite sinking profits. U Khin Shwe, chairman of the National Development Company Group, made the announcement at the company’s annual share

Timeline shortened for Dawei SEZ

Officials from Thailand and Myanmar are speeding up development of the Dawei Special Economic Zone (SEZ). Officials from the two countries discussed the longstanding SEZ project at a Myanmar-Thailand Joint Coordinating Committee meeting in Nay Pyi Ta

World Bank report praises Myanmar progress

The World Bank’s Doing Business 2020 report ranked Myanmar among the top 20 most-improved business environments. The report evaluates countries based on how easy it is to do business in them. It looks at factors such as access to credit, taxation,
DICA reduces registration fees for new companies

New companies registration fees reduced

New companies will now pay less to register in Myanmar. The Directorate of Investment and Company Administration (DICA) announced that registration fees will drop from MMK 250,000 to MMK 100,000 beginning October 1, which is the start of the 2019-202
Economy to improve as Myanmar opens up to foreign investment

Foreign investment reported to be on the rise

After a downturn in 2018, foreign direct investment (FDI) is picking up for Myanmar. An analysis by the Institute of Chartered Accountants in England and Wales (ICAEW) forecasts higher FDI. Also, they forecast the Myanmar economy to expand at 6.4 pe
Japanese firm replaces Chinese as financial partner in railway project

Japanese replace Chinese in Yangon railway project

Myanma Railways has dropped its planned Chinese partner Sino Great Wall for Yangon’s new central railway station project. The Japanese firm Sumitomo has been selected as the new partner. The ambitious development in downtown Yangon will ta