IFC to invest US$10billion in Myanmar Awba Group

International Finance Corporation (IFC), a member of the World Bank Group, entered into an agreement to make an investment of US$10billion in Myanmar Awba Group, it is learnt from a signing ceremony held on 6th September at Hotel Novotel, Yangon. The investment provided by IFC will be spent on the Hmawbi Agricultural Input Complex, which […]

Myanmar stand by Dawei project

NAY PYI TAW : A senior Myanmar official brushed aside concerns that the Dawei deep-sea port and special economic zone (SEZ) will be scrapped for lack of financial support from Japan. Set Aung, the deputy minister for national planning and economic development, said Japan is interested in Dawei, but many more feasibility studies must be […]