Trade on the rise, more FDI needed: U Ye Min Aung UMFCCI VP

U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview. Q: Please tell us about the current economic situation in Myanmar? A: At the present period, global economy […]

Yangon Squatters Exceed 450,000

The number of squatters in Yangon has exceeded 450,000, chief minister Phyo Min Thein told business leaders at the Federation of Chambers of Commerce and Industry. “The squatter problem is related to the industrial zones. But some industrial zones have no squatters. There are many squatters in Hlaingtharyar Township. I will lead the committee to allocate squatters and cooperate with the union government. We previously estimated that the number of squatters would be around 400,000,” he added. Yangon sees an increasing population from across the country and industrial development. “We are working […]

Thai-Myanmar council pushes for more ties and investments

Thai businesses are ramping up ties with their Myanmar counterparts in five main areas — agriculture, border trade, energy, industrial development and tourism — to tap into vast investment opportunities in the neighbouring country. Panitarn Pavarolavidya, chairman of Thai-Myanmar Business Council, said the council’s first meeting held in Yangon on Feb 3 focused on the […]