Political parties wary of foreign election aid

Pledges of financial assistance by six Western governments and the European Union in the run-up to November’s general elections have left political parties confused over who will benefit and the legality of foreign aid. A joint statement on March 3 by the EU and six embassies in Yangon said that as “development partners” they would […]

Mitsubishi & Nippon Koei eye to invest in Myanmar

The Japan-based Mitsubishi Materials Corporation and Nippon Koei companies are discussing plans to invest in Myanmar according to official reports. Executives from the two companies were meeting officials from Myanmar’s Directorate of Investment and Companies Administration (DICA) who reported discussing matters relating to the rules and regulations of foreign investment. Mitsubishi Materials Corporation is manufacturing […]