JICA proposes elevated Yangon train line

The Japan International Cooperation Agency (JICA) has proposed a plan to build a Yangon circular double-flyover railway line, says Wai Phyo Han, secretary for Yangon Region’s parliamentary Transport, Communication, Construction and Industry Committee.

Wai Phyo Han said the project would start from Yangon Railway Station in 2018.

It is part of the urban development master plan drawn up by the JICA and Yangon City Development Committee.

MP calls to reopen Mingala Market

The Mingala Market will be rebuilt once the Yangon Region parliament and government give the green light, according to Dr Win Myat Aye, the minister for social welfare, relief and resettlement.

MP Phyu Phyu Thin, the National League for Democracy’s lawmaker for Mingala Taungnyunt Township, asked about the market at the Lower House on June 9.

Win Myat Aye said Myanmar Engineers’ Association analysis found that the market could be rebuilt or repaired on the fourth and fifth floors.

Myanmar urged to address electricity loss

Myanmar's electricity authorities need to pay more attention to transmission line maintenance to reduce frequent blackouts, experts said last week.

Yangon Stock Exchange needs more time to succeed, experts say

THERE IS a long way to go for the Yangon Stock Exchange (YSX), which opened for trading late March, to achieve success and sustainability, capital market experts said at a panel discussion during the Myanmar Business Leaders’ Inaugural Summit last week.

Myanmar, US businesses call for sanctions waiver, GSP reinstatement

THE MYANMAR and US private sectors repeated their calls for the complete lifting of all the sanctions against Myanmar as well as the reinstatement of the Generalised System of Preferences (GSP), saying only those moves would help Myanmar reach its full economic potential.

Displaced residents call for closing of Thilawa SEZ

Residents did not receive compensation for Thilawa Special Economic Zone (A), said Mya Hlaing, the leader of the Thilawa social development organisation.

YACL to raise airport tax on July 1


Yangon Aerodrome Company Ltd (YACL), an Asia World subsidiary, will raise its airport tax on July 1, requiring a foreign passenger to pay US$20 and a local passenger to pay Ks 3,000 per outbound flight.

In the past, an outbound foreign passenger had to pay $15 in airport tax, and a domestic traveller was charged Ks 2,000 at the departure counter of the Yangon International Airport.

Singaporean pest control firm optimistic on Myanmar

SINGAPOREAN firm Titan Pest Management foresees a bright business outlook for its pest control services, ready to first serve restaurants and hotels and help the public sector raise awareness for better hygiene.

"People [in Myanmar] do not really know much about it [pest control]," Nicole Zycinski-Singh, co-founder and director of Titan Pest, said at a press conference recently.

Commerce ministry reduces heavy dependence on natural resources

In an attempt to promote trade, the Ministry of Commerce will try to establish a link between the farming and industry sectors rather than continuing Myanmar’s heavy reliance on natural resources, Minister for Commerce Dr Than Myint on June 5 at a meeting with entrepreneurs at the Hlaingthaya Industrial Zone in Yangon.

Kanpiketi sees peak trade card use

Trade volume with the use of Individual Trading Cards (ITCs) exceeded Ks727 million in two months, with the maximum volume of over Ks307 million at the Kanpiketi border, according to the Ministry of Commerce.

From April 1 to May 20, exports of Ks106 million and imports worth more than Ks621 million went through the border camp using the cards.