Singapore to invest $316m in housing

The Myanmar Investment Commission (MIC) has allowed two Singapore companies to invest over US$316 million in two Yangon housing projects, according to the Directorate of Investment and Companies Administration (DICA). “A Singapore company will invest US$35 million in a housing project and another firm will invest US$280 million in a separate project,” said an official […]

Five Content Providers to be Announced at The End of This Month

​​ Five content providers in a shortlist of ten companies will be announced at the end of this month, said Dr Pe Myint, from the Ministry of Information. The minister made his remarks when he explained the ministry’s work progress and future tasks to MPs at the dinning hall after the regular session of the […]

Hyundai to open showroom and service center in Yangon

The South Korean Hyundai Motor Company is planning to open showroom and service center in Yangon in September of this year, according to Fortune International Ltd, one of Hyundai’s local partners. Hyundai is the largest company in South Korea with enormous economic and political power in the country and it is also World’s fourth largest […]