Seven firms face fines if ‘Death Highway’ is not repaired on schedule

The seven companies hired to upgrade Myanmar’s notorious “death highway” will be fined if they do not complete their work on schedule, Soe Tint, deputy minister of construction told Parliament yesterday. The deputy minister also admitted he had seen no evidence that any of the companies, which include some of Myanmar’s largest conglomerates, had started […]

Investment body’s resources put to the test

As of July, the Myanmar Investment Commission (MIC) will no longer be based in Nay Pyi Taw or answer to the Ministry of National Planning and Economic Development. It is scheduled to move to Yangon and be restructured so it eventually operates as an independent organisation similar to the Central Bank of Myanmar. Observers inside […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]