Italy extends funds to help light up Chin state
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
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
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
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 ...
Contract disclosure good for business in Myanmar, Total says
As a global transparency initiative prepares to require member governments to publish the contracts they sign with oil, gas and mining companies, an executive for French oil major Total discusses the ...
Govt issues developer licenses to construction companies, prospects improve
Local businesses are now seeing a light at the end of the tunnel for the property and construction sectors, where demand has been low in recent years. A total of 32 ...
Golden Myanmar Airlines breaks jet fuel monopoly
Myanmar has opened the door to the first private company to operate an aviation fuel business, potentially ending a state-backed monopoly in the fuel distribution market. Yangon-based Golden Myanmar Airlines Public ...
Myanmar to export green tea to Germany
Organic green tea will be exported to Germany in September according by U Hla Baw, president of Pindaya Tea Cluster (PTC). 1.5 tonne of green tea, which includes the “Shwe Pi ...
US eyes financing opportunities in energy, infrastructure
The Overseas Private Investment Corporation (OPIC) is looking for financing opportunities in the energy and infrastructure sectors in Myanmar, Eric Jones, OPIC Chief of Staff, said last week. OPIC is the ...
Japanese companies, DKSH enter Myanmar wholesale market
Three Japanese companies and a Swiss trading house have become the first foreign entities authorised to do retail and/ or wholesale business in Myanmar. Toyota Group’s trading arm Toyota Tsusho, pharmaceutical ...