Bombs aimed at scaring foreign investors away from lucrative areas of country

YANGON – A series of bomb blasts in Myanmar over the past week was intended to scare away foreign investments in the country, authorities said on Friday. Since Oct 9, there have been at least 10 small explosions or attempted bombings that have killed two people and injured several, including an American woman who sustained […]

Myanmar commissions country’s first tire plant

Myanmar Economic Corp., an enterprise tied to Myanmar’s military complex, has commissioned production at the country’s first tire factory. The plant, under construction in Yangon City since late 2010, will have capacity for radial passenger and truck/bus tires along with other miscellaneous bias tires, inner tubes, liners and bladders, according to Chinese tire machinery manufacturer […]