Public company formed for Kyaukphyu SEZ project

SITTWE—A public company comprised of 11 Myanmar businessmen has been established for the Kyaukphyu Special Economic Zone (SEZ) project, according to local reports. Mya Han, also chairperson of the Fortune International Company in Myanmar, will be acting as chair of the newly formed public company. Nearly US$ 277 million (Ks 269.5 billion) will be spent […]

Myanmar to spend Ks 33.4 billion budget to host Asean Summits

President’s Office has allocated a budget of Ks 33.4 billion (US$34 million) to host Asean Summit after Myanmar took over Asean Chairmanship, a senior official from the Ministry of Foreign Affairs said on Friday. Aung Htoo, deputy director-general of Asean Affairs department under the Ministry of Foreign Affairs, said he cannot be sure whether the […]