Though some international companies are still in a wait-and-see mood before pouring their money into Myanmar, the nation remains confident that it can attract heavy investment this year, thanks to its ambitious Myanmar Investment Promotion Plan (MIPP). Aung Naing Oo, permanent secretary at the Ministry of Investment and Foreign Economic Relations, said at a workshop […]
India, Myanmar sign MoU towards Sittwe Port operationalisation
NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]
Over the last year, Myanmar’s energy sector stumbles in right direction
Home to one of the world’s oldest oil and gas industries, oil exploration in Myanmar began in the early Bagan era. During the reign of King Anawrahta in the Bagan Era, evidence shows that the Buddha’s Three Teachings were coated with oil to prevent damage. With the nationalisation of the oil industry in 1963, the […]
Businesses push for better communications with Nay Pyi Taw
THE government should update the business community with the latest economic activities and manage the expectations, according to domestic and foreign investors at a recent investment forum held in the country’s capital. Investors in Myanmar would like to see a push towards further liberalisation of the economy. More people are taking part in the private […]
First China-Myanmar tourism industry training course opens today in Yangon
The first China-Myanmar hotel and tourism vocational one-month course will open Thursday in Yangon, thanks to the cooperation between the embassy of the People’s Republic of China and the Ministry of Hotel and Tourism. Teachers from Dehong Vocational College of Yunnan will instruct 30 young waiters and waitress in restaurant services. From this initial training, […]