Telecom Sector Draws Foreign Investment

YANGON — The Telecommunications sector has become the top destination for foreign investment under the National League for Democracy (NLD) government, according to the Directorate of Investment and Company Administration (DICA). “Under the previous governments, most of the foreign investments went to the energy and electricity sectors. But foreign investment in the telecommunications sector has […]

Govt Plans to Relocate Hotels From Bagan Archeological Zone

YANGON — Myanmar attempts to relocate controversial hotels in the archaeological site Bagan as it prepares the ancient city’s final nomination dossier to become a Unesco World Heritage Site. The temples of Bagan, dating from between the 9th and 13th centuries—when the Kingdom of Bagan ruled over much of lowland Burma—are considered Myanmar’s biggest tourist […]

China Eyes Mon State Investment

MAWLAMYINE, Mon State — Chinese Ambassador to Myanmar Hong Liang indicated his country is considering investment in Mon State during a meeting with the state government on Friday. According to the Chinese ambassador, investors are interested in rubber products manufacturing, fruit cultivation and the tourism sector, said Mon State minister for natural resources and environmental […]