India to help Myanmar in insurance laws

The General Insurance Corp of India (GIC) will assist Myanmar authorities in amending laws related to insurance and reinsurance and in expanding insurance services in the country, authorities said here on Thursday. Reinsurance is the practice of insurers transferring portions of risk portfolios to other parties by some form of agreement to reduce the likelihood […]

China’s poverty alleviation efforts in Myanmar help ease Rakhine State situation

China has been paying close attention to the Rakhine State conflict in Myanmar and the ensuing refugee exodus to Bangladesh. In March, during the legislative two sessions, Foreign Minister Wang Yi said China has always insisted on a peaceful and rightful way of dealing with international affairs, especially those at the center of attention. Nearly […]

China Moots Economic Corridor with Myanmar for Easy Access to Indian Ocean

China has proposed to build an economic corridor with Myanmar to enhance trade investments, which Chinese experts say would allow access to the Indian Ocean for the country. Chinese Foreign Minister Wang Yi who visited Myanmar made the proposal yesterday. The proposed corridor is regarded significant as the BCIM (Bangladesh, China, India, Myanmar) Economic Corridor […]

Traders seek to recoup losses on K5 billion in seized rice

About 50 rice traders from Mandalay Region and Katha, Banmauk, Htigyaing and Kawlin townships in Sagaing Region said their partner’s detention for the past two months has hurt their business. Their meeting at the Banmauk rice traders association office on Wednesday was attended by National League for Democracy MPs from Banmauk. U Aung Thein, who […]

Myanmar invites tender for building overbridge highway linked to new int’l airport

Subscribe to our tender alert mailing list Xinhua News Agency | Tue,2016-08-16 Myanmar invites tender for building overbridge highway linked to new int’l airport YANGON, Aug. 16 (Xinhua) — Myanmar’s Department of Civil Aviation is inviting tender from home and abroad for building an overbridge highway to link downtown Yangon with the Hanthawaddy International Airport under […]

Temporary visa for foreign scribes covering Myanmar polls

Myanmar’s information ministry is arranging one-month visa for foreign correspondents who wish to cover the upcoming general election set for November 8, a statement said on Monday. The foreign correspondents have been asked to collect media accreditation cards, issued by the Union Election Commission, after their arrival and contact the local Myanmar Foreign Correspondents Club, […]