Chinese firm in talks to develop industrial zone

A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years.   Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) chair U Zaw Min..
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Italians invest US$3.2million in Kawthoung hotel

Kawthoung. Photo - Ministry of Information   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 venture – Myanmar Green Century – with a local company,..
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Myanmar woos Thai investors in Bangkok

U Thaung Tun, Minister of Investment and Foreign Economic Relations. Photo - Supplied   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 the economic, political and social spheres aimed at creating new..
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Route of new Muse-Mandalay express railroad selected

Photo - EPA   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 in Amarapura township in Mandalay, and will pass through 11..
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Myanmar foreign loans rise to US$10.2B in last fiscal year

    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; Agriculture, Livestock and Irrigation; Transport and..
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DCA starts tender process for Kawthoung airport upgrade

The Yangon International Airport. The Myanmar Times   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 the relevant documents. The entity undertaking the upgrade must be..
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Myanmar Citizens Bank to increase SME access to finance

Myanmar Citizens Bank is listed on the Yangon Stock Exchange. Photo: The Myanmar Times   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 to the public lender to transform and modernise its business..
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