India Donates Cargo Vessels to Myanmar to Support Transport Project

 India handed over six donated cargo vessels to Myanmar to support the joint Myanmar-India Kaladan Multimodal Transportation Project, said a press release from the Inland Water Transport (IWT) late Thursday. Handed over at the Sittway Port in Myanmar’s western Rakhine state, the six cargo vessels, worth 81.29 million U.S. dollars, are in readiness to transport […]

Indian Trade Delegation Tempted by Investments in Beans and Rubber

An Indian busi­ness delegation led by South­ern India Chamber of Commerce and Industry (SICCI) has expressed in­terest in investing in rub­ber-based products and beans, the group’s chair­man has said. Mr Rafeeque Ahmed made the comments dur­ing a speech at UMFCCI in Yangon. Rather than importing raw beans to India from Myanmar, he said, there is […]

Major earthquake strikes central Myanmar, kills four, destroys pagodas

A powerful 6.8 magnitude earthquake shook central Myanmar yesterday, killing at least four people and damaging famous pagodas in Bagan and other regions. The earthquake, with its epicenter inside Myanmar, about 12 miles west of Chauk and about 123 miles southwest of the Mandalay seismological observatory, was recorded at 5.04 pm, according to the announcement […]

Yangon Stock Exchange closer to reality

Two Japanese firms and Myanma Economic Bank on December 23 signed an agreement to establish the Yangon Stock Exchange, which is set to be opened late 2015. The agreement between Daiwa Institute of Research, an arm of Daiwa Securities Group, as well as Japan Exchange Group and state-owned Myanma Economic Bank, is the result of […]