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Viettel-Backed Joint Venture ‘to Invest $2bn in Myanmar’ After Receiving...
Vietnamese military-run Viettel has said its joint venture with two Myanmar companies will invest a combined $2 billion in Myanmar’s telecoms sector, an increase of $500 million to its original...
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The Magic Number Is 100 As Officials Release New Thresholds For Investment...
Officials have released the first tranche of rules and regulations for Myanmar’s new investment law as they race have to have the finer details of the long-awaited legislation ready for the start...
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Thai Energy Firm Building 20MW Myanmar Plant Due to Sign Deal to Sell Power...
A Thai chemical trader and renewable energy provider is due to sign a deal this year with the Myanmar government to sell power to the country from a planned 20 megawatt plant. UAC Global Plc is...
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Myanmar’s remote Wa State suffers as fewer Chinese come to party
In a remote casino in northeastern Myanmar, China’s pervasive campaign against graft has taken its toll. Hundreds of local traders and farmers place petty bets as low as 10 cents, outnumbering a few...
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Myanmar seeks avoidance of tourism pitfalls in sustainable development
As Myanmar’s Ministry of Hotels and Tourism gears up to launch a campaign to promote its southern “virgin” archipelago, union minister Ohn Maung said responsible and sustainable tourism practices are...
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Y&R Yangon strengthens senior management as expansion in Southeast Asia...
Y&R Yangon has made three senior appointments as part of the network’s continued expansion in Southeast Asia. Mohit Pise takes on the role of general manager and Milla Chaplin that of strategic...
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China-Myanmar gas power plant to supply electricity to Yangon by year-end
A China-Myanmar joint venture gas power plant, Thaketa, will be able to start to supply electricity to Yangon city and the region by the end of this year and can ease the electricity shortage to some...
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Developers courted for role in Yangon project
Min Htein, the director general of the Urban and Housing Development Department at the Construction Ministry, said: “According to our master plan, the project includes 49 [18-storey] buildings. The...
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Seven foreign and local enterprises permitted to invest US$1,435.808 million
Seven foreign and local enterprises have received permission to invest US$1,435.808million, creating 5,533 job opportunities, according to the Myanmar Investment Commission meeting held on 21st...
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New Steel Factory to Produce Up to 60,000 Tons a Year
A new steel factory owned by a Myanmar company has opened in Yangon after two years under construction. The Mindama Steel Structure Co, Ltd , a subsidiary of Mottama Holdings Ltd, says the plant...
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Despite Teething Issues in MFI Sector, Hayman Capital Aims to Double Myanmar...
Singaporian microfinance institution Hayman Capital plans to double the size of its Myanmar operation in 2017 in the wake of last year’s much welcomed regulatory changes to the government’s 2011...
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CB Bank Signs Deal for 500 New ATMs
CB Bank signed a deal with Diebold Nixdorf, a company that provides ATMs, security and software for e-commerce, for the roll out of 500 new CB Bank ATMs across the nation. That new deal doubles the...
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Four Countries Plan Agribusiness Partnerships With Myanmar
China, Singapore, Brunei and Japan are looking to coop-erate with Myanmar in ag-ribusinesses in the country and have proposed a profit and loss sharing system in cooperation with local farmers,...
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CB Bank Issues Myanmar’s First Visa, MasterCard Credit Cards for Domestic Use
A week after the Central Bank of Myanmar (CBM) lifted restrictions on the use of credit and debit cards issued by foreign companies for domestic use, CB Bank, one of Visa’s four local partner banks,...
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Locally Made Buses Get the Go Ahead
Local vehicle manufacturer Myanmar Motor Corporation (MMC) will begin the production of buses for both domestic and international markets, after the Yangon based company was given the nod by the...
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Telecoms Sector Leads Investment List
Until December this financial year, the telecoms sector is attracting the most investment, according to Aung Naing Oo, secretary of the Myanmar Investment Commission. “This year, telecoms tops the...
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MIC Reports Investment High of More Than US$6 Billion Under NLD
The foreign investment volume for Myanmar has reached over US$6 billion during the almost now eight months of NLD government leadership, exceeding original targets, Aung Naing Oo, director-general...
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Thai Dairy Pioneer Eager to Share Expertise With Myanmar Firms
ALTHOUGH it took nearly 30 years for Thailand’s dairy business to achieve growth, Myanmar has high potential for the industry to grow in less than 15 years, according to Sangchai...
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Lashio Waterfall has More to Offer as a Tourist Destination
Lashio- Chauk Htat Siint waterfall in Pankhaw village in Lashio has had an increase in the number of visitors recently, yet still faces problems with litter and a lack of facilities. “It is about 10...
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Myanmar to Discuss Rice Exports With Sri Lanka
Sri Lanka has expressed interest in a formal arrangement to import 50,000 tonnes of rice from Myanmar, according to Ministry of Commerce assistant secretary U Khin Maung Lwin. The Sri Lankan...
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