Second economic zone planned for 2016

A second central economic zone project (the Mindhamma project) will be implemented in Yangon in 2016, according to Yangon City Development Committee. Experts pointed out that the central economic zone should be separated from the city due to the population density and traffic jams in Yangon. The project will be built on a 37-acre site […]

Pearl Production Set to Double

Four new companies are set to get pearl production licences while the industry estimates that production will double in the coming years, according to state-run Myanmar Pearl Enterprise (MPE). Four local-foreign joint venture companies and four local companies are currently operating in Myanmar. Regular buyers in Myanmar pearl auctions are from Hong Kong, China, America, […]

Thai brokerage eyes Myanmar role

The Nation has learned that KTZ Ruby Hill Securities, the joint venture with locally-owned Ruby Hill Finance, is one of the 10 companies. More than 100 Thai and foreign brokerage firms along with local finance companies applied for the licenses. In October, KT Zmico was the only securities company from Thailand to win a brokering […]

ANZ’s Yangon branch wins approval

ANZ has received final regulatory approval from Myanmar’s central bank for the opening of a branch in Yangon . The decision clears the way for ANZ to open its office in Myanmar’s largest city on October 2. The new office will service multinational and joint venture companies with a presence in Myanmar, as well as […]