KOTRA: 200 buses to be exported to Myanmar

Two hundred South Korean-made buses will be exported to Yangon, the former capital and the largest city of Myanmar, for use by schools, South Korea’s trade promotion agency said Monday. According to the Korea Trade-Investment Promotion Agency (KOTRA), the 29-seat New County buses, manufactured by South Korea’s top automaker Hyundai Motor Co., will be shipped […]

Prospectors Sued After Finding Massive Jade Boulder on Company Land

Five prospectors who found a jade boulder weighing 8.7 tons have been charged with theft in Kachin State’s Lone Kin jade mining region. According to police, U Nay Tun—the Deputy Director of Myamar Gems Enterprise office of Lone Kin—filed a lawsuit against prospectors Htoo Zaw, Mon Khaung, Naing Win, Wa Lone and Myo Khin, accusing […]

Myanmar’s reformist business tycoon leading economic evolution

Zaw Zaw, the chief of Max Myanmar group, a major conglomerate in Myanmar, has become the poster boy for the country’s uphill battle to outgrow its past and build a democratic society and a fully modernized economy. About half a year since the U.S. lifted economic sanctions against the Southeast Asian nation, which was under […]

Myanmar’s Myitsone dam project faces uncertain future

The controversial Myitsone dam project in Myanmar’s Kachin state has been suspended for over two years now and stop-work costs, amounting to millions of US dollars, are mounting MYITSONE, Kachin: The controversial Myitsone dam project in Myanmar’s Kachin state has been suspended for over two years now and stop-work costs, amounting to millions of US […]