Japanese retail giant Aeon’s ambitions in Myanmar’s lucrative retail sector have highlighted uncertainty about what foreign firms are allowed to do as far as trading is concerned, with local industry heads calling for more clarity and a level playing field for domestic and international players.
International funding will help Yangon Region keep up with rising demand for electrical power, the chief minister has pledged. U Phyo Min Thein, speaking at the Fourth Myanmar Green Energy Summit yesterday, said boosting the electricity sector was the key to the country’s development.
In what could be the end of the line for Yangon’s notorious bus conductors, one bus line owner is introducing a system of asking passengers to pay fares into a collection box. Ko Ta Yoke Lay, who runs the No 45 line, says the introduction of the system will remove the need for bus conductors.
Myanmar's Customs Department will implement short- and long-term measures to combat illegal trade along and within the country’s overland borders, Commerce Minister U Than Myint told lawmakers at an Amyotha Hluttaw session yesterday.
Yangon authorities put up dozens of signboards in the city’s six downtown townships earlier this week, banning a well-established and lucrative trade in pavement space, and warning against the informal taxation of street vendors.
The local government in Myanmar’s southernmost region has said it will not issue any new mining licences until environmental concerns and controversies have been resolved at operational mines in the resource-rich area.