Saturday, May 28, 2016
The Myanmar Times
The Myanmar Times

Thilawa SEZ phase two nears completion

The second phase of a 2400-hectare special economic zone to the south of Yangon will be finished in July, with residential and commercial developments to follow, say officials.

Continue reading »

Tender planned for $2b Yangon-Mandalay railway upgrade

A Tender for private companies to work on a US$2.2 billion upgrade of the railway linking Myanmar’s two largest cities will be called at the end of this year, an official said yesterday.

Continue reading »

MTSH share price jumps again on second day of trade

The price and trading volume of shares in Myanmar Thilawa SEZ Holdings Limited (MTSH) rose on the company’s second day of trading, according to the Yangon Stock Exchange.

Continue reading »

New import tax to push up car prices

Car prices are likely to rise after June 1, dealers are warning, when importers will have to pay a 15 percent tax, which is likely to be passed on to the consumer.

Continue reading »

Anger as civil servants transferred to private company

A Row has broken out over the transfer of government staff to a joint venture between state-owned Myanma Petroleum Products Enterprise and Singapore-based Puma Energy, which was set up last year to distribute aviation fuel, in the first of a number of planned privatisations.

Continue reading »

Second stock exchange listing jumps 25% on first day

The share price of Myanmar Thilawa SEZ Holdings Limited (MTSH) rose 25 percent during its first day of trading on May 20 after the company became the second to list on the Yangon Stock Exchange.

Continue reading »

Woodside raises offshore gas estimate

Australian firm Woodside Petroleum believes it has found more gas than previously estimated following two discoveries in Myanmar offshore earlier this year.

Continue reading »

Sumitomo JV to export Myanmar wooden furniture

A Local joint venture subsidiary of Japan’s Sumitomo Forestry is seeking overseas buyers for its furniture made from Myanmar rubber trees.

Continue reading »

Car importers impatient with policy silence

Car importers left in limbo after the new government suspended complex requirements for bringing vehicles into the country have asked a committee led by the commerce ministry to intervene, in the hope of speeding up the approvals process.

Continue reading »

Exports are priority at blocked ports: minister

Exports will be prioritised over imports, the commerce minister has said, after a surge in imports flooding into Yangon’s busy ports has blocked the flow of trade. Commerce Minister U Than Myint has vowed to take urgent action to get goods moving again.

Continue reading »