OCBC plans to up capital in 3 years

Opening its branch on Thursday, Singapore’s Oversea-Chinese Banking Corp (OCBC) sees the possibility that the branch’s capital would be raised within three years. On the first day of operations, over 10 accounts were opened. OCBC is the second to open a branch in the country, after the Bank of Tokyo-Mitsubishi UFJ which opened its door […]

Myanmar captures 9th rare white elephant

YANGON: Myanmar’s forestry department has captured a rare white elephant in the jungles of the country’s western Ayeyarwaddy region, an official said on Sunday. The 7-year-old female was captured on Friday, six weeks after it was initially spotted in a reserve in Pathein township, forestry official Tun Tun Oo said. It’s the ninth white elephant […]

Gov’t to Carry Out Maintenance Work on Two Major Rivers

Myanmar government will carry out maintenance work on two major rivers – Ayeyarwaddy and Chindwin – in the country, in a bid to improve the rivers’ navigation, the Ministry of Transport said. The government will spend K12 billion ($12.5 million) on removing sandbank and maintenance of riverbeds and waterways of the two rivers with preventive […]