Myanmar sees rise in foreign contracted investment

YANGON, July 18 (Xinhua) — The foreign contracted investment in Myanmar hit 2.4 billion U.S. dollars in the first three months of the fiscal year 2015-2016, according to official statistics released on Saturday. During the period, the Myanmar Investment Commission approved projects involving 46 domestic and overseas firms in sectors including manufacturing, construction, real estate […]

The many faces of Yangon, revealed on Facebook

A photographic project featuring the people of New York has inspired a group of Yangon teenagers to capture images of a diverse range of the city’s residents. The “Humans of New York” project started in November 2010 with a target of collecting 10,000 portraits of city dwellers and has become a social media phenomenon, with […]

Central Bank VP paints picture of hi-tech Myanmar

Satt Aung, the vice-president of the Central Bank of Myanmar, has painted a rosy picture of the not-too-distant future in a modern Myanmar where mobile banking and electronic transactions will be the norm for shopping, making payments and even paying for taxis. Addressing the Union Parliament on Wednesday on the subject of foreign bank operations […]