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Dirt-poor Chin State hidden gem for investors
THE regional government in Chin State, together with the Directorate of Investment and Company Administration (DICA) and a UK-funded initiative, hailed Chin as a hidden gem overlooked by domestic and...
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Telenor’s Valyou receives UNCDF support for financial inclusion in Myanmar
Valyou, a service from Telenor Group, will provide low-cost international remittance services to Myanmar in its effort to promote greater financial inclusion in Southeast Asia. Through Valyou’s...
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Sudima’s conservative approach to success
AS a young entrepreneur, Anil Kumar Jhunjhnuwala felt that his father’s approach to business was too conservative for his liking. But time and experience have changed those sentiments. “I can see now...
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Sea gypsy village picked for community-based tourism
Three community-based tourism (CBT) projects, including Salone village in Tanintharyi Region, will be implemented within a year in cooperation with local entrepreneurs and the Ministry of Hotel and...
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Kajima takes on $400m urban development project in Myanmar
TOKYO — General contractor Kajima will sign up for a 45 billion yen ($398 million) urban development project in Yangon, building offices, hotels and other facilities in bringing its city planning...
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New China-Backed Industrial Zone Being Constructed in Ayeyarwady
The Myanmar Investment Commission (MIC) has approved the construction of a new industrial zone in Maubin township, Ayeyarwady region, said MIC secretary U Aung Naing Oo. The Maubin Industrial Zone is...
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Growth Slower Than Expected, but Rakhine Impact Contained: IMF
The Myanmar economy expanded by 5.9 percent during the 2016-17 fiscal year, a rate slower than expected due to weak agriculture production and exports and the suspension of several construction...
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HK: Myanmar Eyed as Source of Domestic Helpers Amid Surging Demand
Hong Kong is looking into importing domestic helpers from Myanmar to meet surging demand, Secretary for Labor and Welfare Law Chi-kwong said. It is all part of the government’s efforts to increase the...
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With Myanmar’s Economic Future Looking Promising, AYA Bank Seeks Foreign...
Myanmar’s economy is one of the fastest-growing and most promising in Asia. Its dynamic business environment, along with its strong infrastructure, communications sector and flourishing consumer...
View ArticleDepartment of Civil Aviation: Invitation to Expression of Interest (EOI) for...
The Department of Civil Aviation, Ministry of Transport and Communications, invites the interested local companies with foreign firms forming the consortium to submit Expression of Interest (EOI) for...
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Malaysia, Singapore-backed firm acquires tourism business from Serge Pun
SHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock...
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Myanmar main beneficiary of Kyaukphyu: CITIC
YUAN Shaobin, executive president of CITIC Myanmar, which is the developer of a proposed Special Economic Zone (SEZ) in Rakhine, disagrees with critics who have accused China of taking an unfairly...
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Cost of petrol up on the back of rising oil prices
Local petrol prices have spiked between K35 and K40 per liter in the past two months, boosted by a rise in global crude oil prices. On November 15, local petrol prices reached a high of K815 per liter...
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Cambodia, Myanmar to promote ancient temples
Cambodia and Myanmar have signed a memorandum of understanding to promote the flow of national and third-country tourists to the temples of Angkor in Siem Reap and to the ancient city of Bagan in...
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Myanmar GDP Growth to Rebound Despite Rakhine Crisis
YANGON — Myanmar’s economy is set to recover despite a humanitarian crisis in Rakhine State, while the ruling National League for Democracy — two years after it won its historic election victory —...
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New vehicle import policy disruptive to Toyota’s Myanmar strategy
Sales of Toyota cars are expected to trail behind that of other car makers in Myanmar as a result of the government’s latest vehicle import policy, a spokesperson for Toyota Motor Corporation said....
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Jotun opens factory in Myanmar
Jotun, a privately-owned Norwegian paint maker, has opened a K14 billion factory in Bago Region. Located in the Bago Foreign Industrial Zone, the 4-hectare plant will provide paint manufacturing jobs...
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Myanmar tackles food safety in bid to boost agricultural exports
MYANMAR plans to improve food safety in a bid to boost agricultural exports and extract more value from a sector that accounts for 38 per cent of the country’s gross domestic product. Ye Tint Tun,...
View ArticleAnnouncement of Myanmar Investment Commission, Invitation to invest within...
1. The Myanmar Investment Commission has been holding Investment Fairs, rotating yearly, across the States and Regions in order to promote and invite investment for balanced economic development....
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Singapore’s Pan Pacific opens new hotel in Yangon, remains confident of long...
Wee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining...
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