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Govt may have to fund Kawthoung airport modernisation

The government may have to step in to upgrade Kawthoung airport in Tanintharyi Regionif no private investor is willing to come in after Golden Myanmar Airlines, a domestic airline based out of Yangon, pulled out of the project. Department of Civil Aviation deputy director-general U Ye Htut Aung said the upgrading of the airport would […]

Cambodia’s Meal Temple Group invests in Myanmar’s food delivery startup Freshgora

Meal Temple Group, a Cambodia-based food delivery and logistics company with operations in Laos, has announced a strategic equity investment into Freshgora.com, an on-demand food and grocery delivery startup in Myanmar. As per the deal, both companies will address the market in Myanmar and expand operations nationally. In the long run, the companies will add […]

Better implementation of the law needed to draw foreign investors

Lack of coordination between the Union and regional governments on development policies, red tape and weak implementation of new laws has hampered the flow of foreign direct investments (FDI) into Myanmar, said U Aung Naing Oo, permanent secretary of the Ministry of Investment and Foreign Economic Relations. U Aung Naing Oo pointed out that having […]

Sowing the seeds of growth in Myanmar

Once the rice bowl of Asia, even today, agriculture continues to be a vital contributor to Myanmar’s economy.The sector provides employment to about 53 percent of the country’s labor force and is a source of livelihood for about 70 percent of the rural population.It also contributes almost 38 percent of the country’s gross domestic product, […]

MCEF to set up lending programme for construction sector

The Myanmar Construction Entrepreneurs Federation (MCEF) is planning to set up a loan programme for members who are in need of capital to start projects. MCEF chair U Shein Win said the central executive committee (CEC) of the organisation decided on the loan programme because small and medium construction firms were finding it difficult to […]

“Political stability”: Mandalay courts European investors

“In order to facilitate investment, businesses need political stability. And in that sense, Mandalay is the perfect place to offer this condition,” Mandalay Chief Minister Zaw Myint Maung told an audience of European investors and businesses. The European Chamber of Commerce in Myanmar (EuroCham) in collaboration with the Mandalay Region Chamber of Commerce (MRCCI) organised […]

Myanmar to hold regional investment forum in Yangon

YANGON, May 6 (Xinhua) — Myanmar will hold a regional investment forum in Yangon, the commercial capital of Myanmar, later this week, in order to increase investment and attract more investors in the region, according to the Yangon region government on Monday. The two-day Yangon Investment Forum-2019, scheduled to be held on Friday and Saturday, […]

New Yangon port to be constructed as trade volumes rise

Adani Yangon International Terminal is developing a container terminal in Ahlone township, which is by the Yangon River, in anticipation of higher trade volumes in the coming years. The company, which is registered in Myanmar and incorporated in Singapore, received approval from the Myanmar Investment Commission on April 26 to develop, operate and maintain the […]

Yangon Region Gov’t, HK-Taiwan Consortium Ink Industrial Zone Deal

YANGON—The Yangon regional government will sign a Memorandum of Understanding (MoU) with a consortium of Hong Kong and Taiwan companies next month to develop an international-standard industrial zone in Htantabin Township in the west of the commercial capital. Worth an estimated US$500 million (761.2 billion kyats) the Htantabin Industrial Zone will be implemented on more […]

Singapore to invest in jetty and warehouse project

Singapore will invest 290.124 million US dollars in the construction of jetty and container warehouse under a BOT (Build-Operate-Transfer) system, according to Myanmar Investment Commission (MIC). The MIC gave the green-light to them, at its meeting on April 26. The project can create 1,176 new jobs for citizens. At the meeting on April 5, the […]