[caption id="attachment_4742" align="aligncenter" width="840"] A man carrying boxes of condensed milk on his shoulder crosses the street in front of Nyaung Pin Lay Market, Yangon. Photo: Ko Ko Htay/The Myanmar Times[/caption] The Central Bank of Myanmar (CBM) slashed interest rates by an additional 1 percent today...
Read MoreSuzuki Thilawa Motor Co Ltd, Suzuki Motor Corp’s subsidiary for assembly and sales of automobiles in Myanmar, will construct a new automobile plant that will conduct welding, painting, and assembly of automobiles, Suzuki Motor announced on Monday. Suzuki Thilawa is currently assembling vehicles from semi knocked...
Read MoreThe current Kan Paik Ti border trade area. Chan Mya Htwe/The Myanmar Times The Kachin State government this month signed an MOU with Myanmar Hein Investment Development Co to develop a border trade zone at Kan Paik Ti township in Waingmaw, Kachin State, which is near...
Read More[caption id="attachment_4737" align="aligncenter" width="840"] A teacher lectures a class in Kayin State. Photo: Aung Htay Hlaing/The Myanmar Times[/caption] The International Development Association (IDA), which is a part of the World Bank, will lend US$100million (K140.1 trillion to Myanmar to promote the basic education sector, the World...
Read More[caption id="attachment_4734" align="aligncenter" width="840"] A child plays football near hand-cooped oil wells on the shore of Kyaukphyu, Rakhine. Photo - EPA[/caption] Chinese state-owned CITIC is set to initiate bidding for its environmental impact assessment (EIA) consultant for its port project in central Rakhine following the environmental...
Read More[caption id="attachment_4732" align="aligncenter" width="840"] The Yangon-Mandalay highway. Zarni Phyo/The Myanmar Times[/caption] The government is set to build new expressways connecting Yangon Region, Bago Region, and Mon State with assistance from the Japan International Cooperation Agency (JICA) and Asian Development Bank (ADB), a senior official of the...
Read More[caption id="attachment_4730" align="aligncenter" width="840"] A Rakhine ethnic man collects oil from hand-cooped oil well on the shore of Kyaukphyu, Rakhine. Photo: EPA[/caption] An industrial zone project within the Kyaukphyu Special Economic Zone (SEZ) in Rakhine State will be developed for US$30 billion, deputy commerce minister U...
Read More[caption id="attachment_4728" align="aligncenter" width="840"] Part of the new road that will connect Dawei to the Thai border in Tanintharyi Region. Photo - WWF[/caption] A state-owned Chinese firm has expressed interest to invest in the planned Dawei Special Economic Zone (SEZ) in Tanintharyi Region, U Myint San,...
Read More[caption id="attachment_4726" align="aligncenter" width="840"] Photo: Posco International/poscointl[/caption] South Korean conglomerate Posco International Corporation has discovered a new gas field in Block A3 at the Shwe natural gas project located offshore Rakhine, The Myanmar Times understands. The company confirmed that it had found a gas column of around...
Read More[caption id="attachment_4724" align="aligncenter" width="840"] The Ministry of Construction expects that the first phase of construction of the Yangon Elevated Expressway will commence by August. Photo: Aung Khant/The Myanmar Times[/caption] The Ministry of Construction (MOC) expects the first phase of construction of the Yangon Elevated Expressway (YEX)...
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