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Myanmar, S’pore ink investment promotion and protection deal

YANGON—Myanmar inked an agreement with Singapore on Tuesday to promote and protect investment between the two countries, paving the way to boost trade relations. As of February, Singapore is Myanmar’s largest source of foreign investment. The city-state has invested more than US$22 billion (33.6 trillion kyats), nearly 30 percent of total foreign investment in Myanmar, […]

Implementation of burma’s vacant, fallow and virgin land management law: at odds with the nationwide ceasefire agreement and peace negotiations

Land rights of peoples must be protected to improve prospects for peace. The Government of Myanmar’s approach to land policy risks increasing land conflicts and exacerbating current challenges in formal peace negotiations. Civil society organizations strongly oppose implementation of the recently-amended Vacant, Fallow and Virgin Land Management Law (VFV Land Law), due to well-founded fears […]

Dialogue on Pakbaeng Hydropower Project Begins

CHIANG RAI PROVINCE, Thailand (Vientiane Times/ANN) – The first dialogue meeting of the Pakbaeng Hydropower Project on the Mekong River yesterday took place to further react with the recommendations raised by the Mekong River Commission in regards to the PNPCA process of the project. Officials from the Thailand National Mekong Committee Secretariat (TNMCS) and Lao […]

Agreement for Hanthawady airport close to signing

An agreement appears in the offing as the coordination committee for the Hanthawady International Airport construction project heads into its sixth meeting with the tender-winning company optimistic that they could emerge with a contract. Coordinated efforts are being made to get moving on the project for an international airport in Bago Region. The first week […]

Shwedagon High-Rise Developments to be Relocated Soon: MIC

RANGOON — The relocation of five cancelled developments planned near Rangoon’s Shwedagon Pagoda is likely to be finalized by the end of the year, according to the Myanmar Investment Commission (MIC). At a press conference on Wednesday, MIC secretary Aung Naing Oo reiterated earlier comments that developments would be relocated elsewhere in Rangoon to compensate […]

KBZ Bank signs loan agreement with Cathay United

Kanbawza (KBZ) Bank and Taiwan-based Cathay United Bank (CUB) have signed an agreement on monetary cooperation to pay out more loans for to help Myanmar businesses expand, according representatives of KBZ Bank. On January 13, Nang Leng Kham, executive director of Kanbawza Bank Ltd and Mr Aaron Hung, general manager of CUB signed the agreement […]

Korean loan comes for power lines

The Ministry of Electric Power has signed an agreement with Korea’s Export Import Bank for a US$100 million loan to fund a 500-kilovolt transmission line. The project is the first to receive funding from South Korea’s Economic Development Cooperation Fund during the period of the civilian government, though there had previously been several planned projects […]

Philippines-Myanmar air service agreement attracts LCC interest

THE inking of an air service agreement between the Philippines and Myanmar is likely to pave the way for LCC flights on the Manila-Yangon route, which travel consultants are keen to capitalise on for niche holidays. Following the May 20 signing, Philippine-based LCCs Cebu Pacific Airways, Tigerair and Philippines AirAsia have applied to the Civil […]

Myanmar Airways to sign with France’s ATR

The state-owned Myanmar Airways will sign an agreement with ATR Company from France to buy six new planes and open a repair station in Myanmar. “An MoU agreement was already signed on May 6 and the next stage is to sign an agreement at the Attorney General’s Office,” said Than Htun, managing director of Myanmar […]

Gunkul eyes Thai, Myanmar power sectors

Gunkul Engineering plans to invest more than Bt12 billion (Ks 360 billion) over the next two years to develop wind-power plants in Thailand and gas-powered plants in Myanmar. This is part of the company’s strategy to transform itself from an importer and provider of electrical equipment into a power producer in Asean. It aims to […]