Weekly Business News from Myanmar

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  Myanmar government approval of a 3,600 kyat (USD 2.80) minimum wage for all sectors, to be implement in September

  RANGOON — Two years of negotiation culminated on Friday with the Burmese government’s approval of a 3,600 kyat (US$2.80) minimum wage for all sectors, to be implemented in September.
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  The Directorate of Investment and Company Administration (DICA) asks all Myanmar companies to confirm in writing that they are still in business, before 14 September

  The Directorate of Investment and Company Administration (DICA) has asked all Myanmar companies to confirm in writing that they are still in business, before September 14. DICA needs to know which companies are still operating, said director general U Aung Naing Oo to The Myanmar Times.
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  Nine foreign firms submit fuel distribution bid

  Nine foreign firms have submitted tenders to form a joint venture with the Myanma Petroleum Products Enterprise (MPPE) to import, store and distribute petroleum products throughout Myanmar.
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  Myanmar National Airlines launches maiden flight to Singapore

  Myanmar National Airlines (MNA) is due to launch its first time flight to Singapore
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  Komatsu Opens Myanmar Production Base

  Japanese mining and construction equipment manufacturer Komatsu Ltd establishes a factory in Mandalay
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  The Myanmar Motor Vehicle Producers and Distributors Association to publish the draft Motor Vehicle Law in September

  The Myanmar Motor Vehicle Producers and Distributors Association to publish the draft Motor Vehicle Law in September and invite comments and suggestions from the public
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  Myanmar's Ministry of Commerce launches raids on illegal beer imports

  Myanmar exports to the Americas as of the first week of July earned $28 million, from the start of current fiscal year in April, according to data from the Ministry of Commerce.
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  EU Gives Myanmar the Green Light for Fish Exports

  EU has signalled that Myanmar’s farmed fish will be able to be exported to its market, according to an official form the Myanmar Fishery Products Processors and Exporters Association (MFPPEA).
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  Trade volumes climb on import growth

  Myanmar's bilateral trade this financial year until end-July is worth over US$500 million more than over the same period last year, according to figures compiled by the Ministry of Commerce.
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  JICA proposes underground railway

  Japan International Cooperation Agency (JICA) will invest US$250 million to upgrade Yangon’s circular railway and has also proposed building two underground railway lines, as well as a light rapid transit system to improve the flow of traffic around the city.