Small gold mining companies still owe more than 1200 ticals (19.6 kilogrammes) of gold to the government, Mandalay Region Auditor General Daw Khin Aye Swe told the Mandalay Region Hluttaw. Under a production-sharing agreement between the No.2 Mining Enterprise and gold mining companies, small gold mining companies owed the government 1290.77 ticals from 2007-08, but […]
Beyond China: Nation must diversify FDI
October 3, 2017 by
While for a long time the world has been focussed on political reforms in Myanmar during its transition from military rule to a democracy, the country has also witnessed a significant economic transformation. The most obvious sign of this is the sudden jump in foreign direct investment (FDI), from US$4 billion (K5.46 trillion) in 2013-14 […]
Tourist arrivals in Nay Pyi Taw Airport slump
February 24, 2016 by
Nay Pyi Taw Airport received local and foreign 27,390 tourists last fiscal year. This number has declined by over 10,000 in the current fiscal year. Among domestic flights, only Myanmar National Airlines, which is state-owned, made regular flights to Nay Pyi Taw. However, charter flights under other domestic airlines still fly to Nay Pyi […]
US banks call for waiver on Asia World port
September 14, 2015 by
The Clearing House Association – which is owned by many of the world’s largest commercial banks – and the Bankers Association of Finance and Trade (BAFT) wrote to the Office of Foreign Assets Control (OFAC) in July, after discovering that a significant amount of trade, including from the US, moves through AWPT. The port is […]
Bidders to re-summit financing for Hanthawady airport construction
April 23, 2014 by
Subscribe to our tender alert mailing list The shortlist of four bidding contractors for the construction of Hanthawady airport has been invited to re-submit their financial proposals within the April 22 deadline, according to the Department for Civil Aviation. The bidders are Yongnam-CAPE-JGC Consortium, TAI SAE Corporation, VINCI Airport and Incheon Airport Consortium. The four […]
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