[vc_row][vc_column][vc_column_text] [caption id="attachment_4617" align="aligncenter" width="840"] Kawthoung. Photo - Ministry of Information[/caption] An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA). The move will be carried out under a joint...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4615" align="aligncenter" width="840"] Yangon Region Chief Minister U Phyo Min Thein greets dignitaries at signing ceremony of Yangon Amata smart and Eco City. Aung Htay Hlaing/The Myanmar Times[/caption] The government through the Ministry of Construction and Bangkok-based Amata Corp pcl signed a framework agreement on...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4612" align="aligncenter" width="840"] U Thaung Tun, Minister of Investment and Foreign Economic Relations. Photo - Supplied[/caption] Myanmar is participating in regional connectivity initiatives in efforts to improve bilateral ties with its neighbours and promote investment and trade. Myanmar has implemented a number of significant reforms in...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4609" align="aligncenter" width="840"] Photo - EPA[/caption] The route has been finalised for the Muse-Mandalay high-speed railway line to be built by Myanmar and China, according to Myanma Railways. The project is part of Myanmar’s cooperation in the China-Myanmar Economic Corridor (CMEC). The railway will begin near Myitnge...
Read More[vc_row][vc_column][vc_column_text] Myanmar has accumulated US$10.2 billion in debt owed to more than 20 countries and multilateral organisations, the Joint Public Accounts Committee of the Pyidaungsu Hluttaw noted in a report on the Union budget for the 2017-18 fiscal year. The committee said the Ministries of Home Affairs;...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4605" align="aligncenter" width="840"] A darkened area of Yangon during a power outage. Photo - EPA[/caption] Myanmar can produce about 200 more megawatts of electricity than estimated in fiscal year 2018-2019, said U Maung Maung Win, deputy minister of the Ministry of Planning and Finance. He made the...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4603" align="aligncenter" width="840"] The Yangon International Airport. The Myanmar Times[/caption] The Department of Civil Aviation (DCA) last week started a tender process for the upgrading of Kawthoung airport in Tanintharyi Region and is now calling for requests for proposals. Interested parties have until November to submit...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4601" align="aligncenter" width="840"] Myanmar Citizens Bank is listed on the Yangon Stock Exchange. Photo: The Myanmar Times[/caption] Yangon-listed Myanmar Citizens Bank (MCB) inked an agreement with the International Finance Corporation (IFC) to increase access to finance for small businesses and individuals. The IFC will provide advice...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4598" align="aligncenter" width="840"] Lim Jock Hoi speaks at the 3rd ASEAN Media Forum in Bangkok on Monday. Photo - ASEAN Secretarit[/caption] All ASEAN members, including Myanmar, will be connected under the ASEAN Single Window (ASW) before the end of this year, officials of the regional body...
Read More[vc_row][vc_column][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] [caption id="attachment_4596" align="alignnone" width="600"] Exploration and Production Public Company Limited targets to increase its sales volume for five years term. Photo : mna[/caption] PTT Exploration and Production Public Company Ltd has raised its sales volume of 318,000 barrels of oil equivalent per day (BOED) to 345,000...
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