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Pig, pork product imports remain suspended as swine fever continues to spread

Myanmar continues to restrict imports of pigs and pork products following an outbreak of African swine fever (ASF) in neighbouring China and other countries, according to the Livestock Breeding and Veterinary Department under the Ministry of Agriculture, Livestock and Irrigation. The department has temporarily suspended transport and trading of live pigs and pork products from […]

MoneyGram and MCB announce money transfer services

MoneyGram and Myanmar Citizens Bank (MCB), have announced an agreement to provide money transfer send services at every MCB bank location in Myanmar. According to a statement, consumers can send money from 42 branches to any MoneyGram location in more than 200 countries and territories worldwide. In celebration of the new agreement, MoneyGram is offering […]

Local and foreign companies compete in smart car parking tender in Yangon

A total of 18 local and foreign companies are submitted tender to build smart car parking in Yangon Region, said MP Than Naing Oo of No.1 Pabedan Constituency on March 6. “A total of 60 applicants bought the tender proposal form and 18 of them are selected for the expression of interest. Some proposals are […]

Economic Corridor to benefit people of China, Myanmar

KUNMING – At a fruit market in Wanding, Ruili, a county on the China-Myanmar border, workers are transferring watermelons and muskmelons from Myanmar to heavy trucks which will soon leave for Beijing, Shanghai and other cities in China. “Burmese fruit tastes good and enjoys great popularity among Chinese people,” Said Liu Hongfang, a manager of […]

Japan-backed bridge project begins in Yangon

Construction of a Japan-funded bridge in Myanmar, seen as a symbol of competing interests between China and Japan, kicked off Wednesday with a groundbreaking ceremony in Yangon, the country’s commercial capital. The bridge, funded by a ¥31 billion (K427.5 billion) low-interest loan from the Japan International Cooperation Agency, will be constructed over the Bago River […]

Singapore leads FDI list

Singapore has topped the list of foreign investments with over 20 billion USD, which accounts for more than 26 per cent of the total foreign investment, according to Directorate of Investment and Company Administration (DICA). From 1988-89 to 2018-19 fiscal year, the total foreign investment hit nearly 79 billion USD. Since taking office in 1988, […]

Myanmar Metals identifies new base and precious metals target at Bawdwin project

A deep pole-dipole geophysical survey has confirmed large chargability anomalies and correlate with other known mineralisation at the project. Myanmar Metals Ltd (ASX:MYL) has discovered a new base and precious metals target, Yegon Deeps, using results from a survey conducted at the Bawdwin project in Myanmar. Results from the five pole-dipole (DPIP) survey traverses correlate […]

Yangon sets sights on smart-city goal

As the world advance, Yangon city has to become a smart city and also be made more liveable, said Yangon Region Chief Minister U Phyo Min Thein during the 10th anniversary of Barcamp Yangon held recently. BarCamp is an international network of user-generated conferences primarily focused around technology and the web. The Yangon Region government […]

Muse: Myanmar’s militia-run, billion-dollar gateway to China

With tinted windows and their militia name emblazoned on the side of their Ford truck, “Pan Say” fighters cruise the sleazy streets of Muse, Myanmar’s main gateway to China and awash with weapons and cash from casinos, drugs and sex. Ten armed groups run the Shan State border town of Muse, which is separated by […]

Myanmar next stop in China-Japan rivalry as frontier market opens doors to yuan and yen payments

Myanmar has officially permitted the use of the Chinese and Japanese currencies in cross-border payments, as the Asian giants vie for dominance in one of the region’s last frontier markets. The directive means that the yuan and yen join the euro, the US Dollar and the Singaporean dollar as designated currencies for settling international trade […]