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Rail, bus travel around Yangon set for major upgrade

The Yangon Region Transport Authority (YRTA) will soon run a circular bus services from Aung Mingalar Highway bus terminal as the Yangon government quietly boosts its water, power, road and traffic infrastructure around the city. The agency said the move is aimed at further improving the connectivity within Yangon. The new circular buses will ply […]

EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

Myanmar, Japan-involved consortium to build high structure in Yangon

YANGON, Oct. 7 (Xinhua) — Myanmar Pharmaceutical Industrial Enterprise (MPIE) and a consortium of two local Myanmar companies and a Japanese company on Saturday signed an agreement to build a high-rise structure on the land owned by MPIE in Tamway, Yangon, the official Global New Light of Myanmar reported Sunday. The consortium, named NSKRE Residence […]

Yangon Stock Exchange sees highest trade in July

July saw the highest trade so far this year at the Yangon Stock Exchange or YSX, according to local media. The value of traded stocks on the YSX last month hit a high of Ks1.23 billion, according to monthly trading data released online by YSX and reported by the Global New Light of Myanmar. While […]

Myanmar witnesses more development during incumbent gov’t: survey

YANGON, July 1 (Xinhua) — Myanmar has witnessed improvement of living condition during the last two years of the government led by the National League for Democracy (NLD), the official Global New Light of Myanmar reported Sunday. With the cooperation of the UN Development Program (UNDP) and the World Bank, a government survey was conducted […]

Landslides, flash floods as monsoon batters southern Myanmar

MAWLAMYINE, Myanmar: Flooding in southern Myanmar has caused a landslide at a famed Buddhist pagoda, submerged homes and displaced hundreds of people as monsoon rains batter the country. Several parts of Myanmar’s southern Mon state are facing flash floods due to heavy rains since the weekend with no relief in sight, according to a report […]

Myanmar to construct national water resources committee headquarters with World Bank loan

YANGON, June 13 (Xinhua) — Myanmar has borrowed 10 million U.S. dollars’ loan from the World Bank to construct the headquarters of the National Water Resources Committee (NWRC) , the official Global New Light of Myanmar reported Wednesday. Along with the headquarters, a hydro-informatics center will also be built, Dr. Khin Ni Ni Thein, secretary […]

Mandalay expects new industrial park to bring more jobs

Mandalay is inaugurating its newest industrial park, the Mandalay Myotha Garden City Project in Ngazun township, according to the Ministry of Information. The project is a master plan development, supported by both local and foreign investment as well as experts. It aims at improving socio-economic cohesion through increased employment opportunities, public-private investment and sustainability with […]

Myanmar to hold pearl auction in Hong Kong to penetrate int’l market

YANGON, Feb. 22 (Xinhua) — Myanmar will hold its sixth International Pearl Auction in China’s Hong Kong Special Administrative Region starting Friday, the official Global New Light of Myanmar reported Thursday. In the three-day pearl auction with the aim of penetrating the international pearl market, Myanmar pearls of high value, produced from Myeik, the country’s […]

Myanmar goods seek to penetrate int’l market through Canton Fair

YANGON, Feb. 13 (Xinhua) — Myanmar will seek to penetrate international market through exhibition of its goods at the upcoming 123rd Spring Canton Fair of China, the official Global New Light of Myanmar quoted the Ministry of Commerce as saying Tuesday. “Participating in the trade fair can not only prevent illegal trading but can promote […]