Railway Enterprises Bleeding Money, Gov’t Aims to Privatise

Myanma Railways-owned enterprises will be privatised step by step, according to an official from the state-run organisation. “We are unable to make profit in some of our operations. So we will prioritise these for privatisation,” said U Arkar Min, commercial manager of Myanma Railway Division (7). “In order to get into the public-private partnership (PPP) […]

Vietnam investors eye top-five spot, $1.5bn investment in Myanmar by 2015

Vietnamese businesses have set a goal of becoming one of the five largest foreign investors in Myanmar by next year, chairman of the Association of Vietnamese Investors in Myanmar (AVIM) said Sunday in Hanoi. Vietnamese investors in Myanmar have sought to increase their investment in the country to US$1.5 billion to achieve the target, AVIM […]