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Private Investments Worth $54M for Chin State

YANGON—The Chin State government signed four memorandums of understanding (MoUs) with private companies for projects totaling more than $54 million at an investment fair held at the weekend in Yangon, which aimed to stir up foreign investment interest in one of the poorest states of Myanmar. Among the four companies, the biggest project signed for […]

Chin State offers greenfield opportunities for investors

Chin State is looking to attract local and foreign investors to accelerate the development of tourism, agriculture, livestock, and electricity generation in the state, U Aung Naing Oo, the secretary of Myanmar Investment Commission (MIC), said Tuesday. As part of efforts to attract potential investors theChin State Investment and Products Fair will be held on […]

Surbung Airport, the high altitude gateway to Chin State

Located in the northwest of Myanmar, the 13907-squaremile Chin State is decorated with rhododendrons, cherries and various species of orchids and bluish mountains and ranges, almost touching the grey and white clouds, floating high in sky. Chin State is formed with Kanpetlet, Mindat, Paletwa, Matupi, Haka, Thantlang, Falam, Tiddim and Tonzang townships. Its capital city […]

Chin State seeks 10 year tax exemptions

The Chin State Chamber of Commerce and Industry (CCCI) is asking the government for approval to raise the tax-exempt period granted to investors in the state to be raised Ceu Hlei Lian, the chair of the Chin State Chamber of Commerce and Industry submitted the request to the Private Sector Development Committee headed by Vice […]

Myanmar’s poorest state beckons investors

CHIN state’s underdeveloped infrastructure presents great opportunities for domestic and foreign investors if they do their homework, says a report that looks into business prospects in Myanmar’s poorest region. Min Zaw Oo, director of Chin State at the Directorate of Investment and Company Administration, said investors should not hesitate to invest in Chin state where […]

Tiddim takes steps to farm silkworms

A two-day course on sericulture, which includes training on cultivation of mulberry, rearing silkworms, and production of silk, began yesterday at the office of the General Administration Department in Tiddim Town. The course is being conducted under the supervision of Chin State’s Directorate of Industrial Supervision and Inspection. The course has been organized with the […]

Despite investor interest, no power projects yet in Chin State

Although companies have shown a keen interest in power projects in Chin State, no project has been implemented yet, said Dr. Min Zaw Oo, the director of the Chin State’s Office of the Directorate of Investment and Company Administration. “The Chin State government is prioritizing hydropower investments. But the projects have many phases, processes, and […]

EOI measuring limestone for building cement factory in Hakha district, Chin State. Closing date 27 Nov 2018

Ministry of Natural Resources and Environmental Conservation Department of Geological Survey and Mineral Explorer Expression of Interest in measuring limestone for building a cement factory in Hakha district, Chin State   The Department of Geological Survey and Mineral Explorer from the Ministry of Natural Resources and Environmental Conservation has issued an expression of interest inviting […]

Yoma to tap digital banking for nationwide expansion

YOMA BANK, one of the largest private banks in Myanmar, plans to focus on providing digital products to millions of people in Myanmar , according to Hal Bosher, the bank’s chief executive officer. Bosher said in an exclusive interview that digital products would allow the bank to serve the country better, making banking accessible and […]

Myanmar accepts loan from Italy as foreign debt rises

Pyidaungsu Hluttaw has approved a €30 million interest-free loan from Italy which will be used to provide electricity to villages in Chin State and other rural areas in Myanmar. Under its agreement with Italy, Myanmar will begin repaying the loan over a period of 10 years starting 2036. The repayment amount will be €3 million […]