Ring road construction to start in July: commerce ministry

10 May 19
Phase one of the proposed Yangon elevated highway will begin construction in July 2020, according to the Ministry of Construction (MOC). The project is expected to be completed within three years. ...

Myanmar: A burgeoning entrepreneurial ecosystem

10 May 19
A bit more than a decade ago, buying a cellular SIM card in Myanmar cost US$3,000 in 2001 and $250 in 2013. Fast forward to April 2019, and you can purchase ...

Authorities aim to strengthen investment facilitation in related ministries

10 May 19
The Ministry of Investment and Foreign Economic Relations has pledged to strengthen investment facilitation in related ministries. Speaking at a training workshop in Nay Pyi Taw, U Aung Naing Oo, the ...

Myanmar Tourism Bank starts operating first branch

10 May 19
The first branch of Myanmar Tourism Bank (MTB), located in Yangon, has started operation on Monday offering financial assistance to tourism companies. MTB is one of five sector-specific banks granted a ...

Pwint Thit Sa 2019: Five things you need to know

10 May 19
The fifth Pwint Thit Sa (Transparency in Myanmar Enterprises) report has been released by the Myanmar Centre for Responsible Business (MCRB) and Yangon-based consulting firm Yever. City Mart tops the league ...

French to help finance Myanmar’s hydropower upgrades

5 May 19
Myanmar is set to receive a €35.7 million (K60.2 billion) loan from the French Development Agency (AFD) to upgrade to five hydropower plants, President U Win Myint said in a message ...

Italy extends funds to help light up Chin state

5 May 19
Italy will lend €30 million to Myanmar for solar panels to light up rural residential areas in Chin State, said U Tun Lwin, deputy permanent secretary at the Ministry of Agriculture, ...

More US investments headed to Myanmar, trade federation says

5 May 19
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) expects more investments from the US to be channeled to Myanmar, U Zaw Min Win, chair of the UMFCCI, ...

Memories Group acquires three Yangon hotels

5 May 19
Singapore-listed Memories Group has taken a 15.3 percent stake in Strand Hotel International, which, in turn, holds a 50pc stake in Myanmar Hotel International Company. The latter has long-term leasehold rights ...

Myanmar public companies trail behind private firms in corporate disclosure

5 May 19
Public companies in Myanmar – companies whose shares can be bought by the public – lag behind privately-owned firms in corporate disclosure and governance, according to the latest transparency report released ...