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Rakhine ups efforts to draw investments, hopes for development

Rakhine State will target investments in tourism, fisheries and agriculture at an investment fair that will be held in February in Ngapali, southern Rakhine, Rakhine State Chief Minister U Nyi Pu told the media in Yangon yesterday. With the aim of drawing funds that will be channelled towards the development of the state, the three-day […]

Investment Opportunities Emerge in Kanyin Chaung Economic Zone

Investment opportunities in Rakhine State are emerging as the government ups efforts to establish a functioning economy that will create jobs and encourage stability in the region. This month, local private sector experts and businessmen were invited to a briefing promoting investments in Rakhine. Selected sectors of the economy will be prioritised under a five-year […]

MoU signed to build Kanyin Chaung economic zone

The Maungdaw government and NAAF Galaxy, which comprises six companies including three local companies, will sign a memorandum of understanding (MoU) on October 30, said Aung Myint Thein, chairman of the Maungdaw border traders association and secretary of the Kanyin Chaung trade zone implementing committee. “We are developing Kanyin Chaung economic zone project. We developed […]

Majority of Myanmar safe to visit: tourism specialists

Travellers are being urged not to give up on Myanmar amid ongoing violent clashes in northern Rakhine State, even as travel advisories are being issued and some cancellations are already being recorded. The anxious trade is sending out a ‘Myanmar is safe’ message. The mounting conflict has led to several travel warnings against visiting Rakhine […]

Border trade booming in Maungdaw

An absence this rainy season of what locals deem almost-annual landslides along the Buthidaung — Maungdaw road has augmented the flow of bilateral trade between Bangladesh and Myanmar through the border town of Maungdaw, border traders have told Myitmakha News Agency. U Thein Htun, an exporter based in Maungdaw, says the 16 mile-long trading route […]