Education always a major focus for Japan’s bilateral cooperation with Myanmar

Myanmar and Japan enjoy a long-standing strong bilateral relationship across a wide range of political, economic, social and cultural spheres. Reflecting this, Japan’s economic cooperation to Myanmar dates back to as early as 1954. Throughout the history of the bilateral cooperation, education has always been a major area of focus, as Japan sees it as […]

Pulse and bean sector moves on after India restricts imports

Myanmar has issued a blueprint to help its pulse and bean sector recover from a pullback in demand from India. The blueprint comprises five strategies to help the sector cultivate alternative crops and develop new markets for its pulses and beans, including cooperating with the private sector, Permanent Secretary of the Ministry of Commerce U […]

Parliamentary Committee to Examine 24 State-Owned Factories

NAYPYITAW — The Lower House Investment and Industrial Development Committee will consider the termination or privatization of 24 loss-making state-owned factories—including the Myingyan Steel Factory which has received significant state investment. Committee member U Aung Kyaw Kyaw Oo said: “A total of 24 factories are making a loss, most were suspended when parliament discussed the […]

Myanmar’s company chief surveys ways to import Nagaland products

U Wang Yu, the Managing Director of Myanmar based Shwe Naung Yan Company, who is also a member of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), visited Dimapur. The purpose of Yu’s visit to Nagaland, according to a press release, was to survey how to import the products of Nagaland […]

Local, foreign investment invited to electrify 26 towns in Ayeyawady

Local and foreign investment will be invited in an effort to provide electricity to 26 towns in Ayeyawady Region, said Win Htay, the regional minister for electric power and energy and for industry and transport. The regional minister made the announcement during a discussion about the need for local and foreign investment for electricity development […]

MIC invites companies to submit proposals to build dry ports, bonded warehouses

Myanmar Investment Commission has invited companies to submit proposals to build dry ports and bonded warehouses on the other bank of the Yangon River, Planning and Finance Minister Kyaw Win has said. Kyaw Win said this while speaking at a seminar held at the office of the Union of Myanmar Federation of Chambers of Commerce […]

MIC forecasts Mandalay foreign investment boom

Foreign direct investment to Mandalay Region will boom within two or three years, as a number of ambitious projects launch and connectivity improves, according to Myanmar Investment Commission secretary U Aung Naing Oo. Mandalay Region is currently in ninth place for foreign direct investment, receiving less than 10 percent of capital inflows, he said at […]

Customers irate at futures trading firm

A company which goes by two names – Global Growth and Golden Global – has allegedly cheated US$1.48 million (K1.65 billion) from customers, according to local newspaper 7day Daily. The company reportedly tells clients that it is a branch of Standard Bullion, which is a member of the Chinese Gold and Silver Exchange Society. The […]