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Myanmar to establish coast guard to boost maritime safety

Myanmar will soon establish a coast guard to protect its over 2000-kilometre-long coastline and territorial waters, news reports said. Minister of Transport and Communication U Thant Zin Maung was quoted by China’s Xinhua state news agency as saying that the new law enforcement body will also ensure the safety of sea routes, especially in areas […]

Myanmar, S. Korea Agree to Build Logistics Hub in Yangon

YANGON, Feb. 6 (Xinhua) — Myanmar and South Korea signed a memorandum of understanding to build a logistics hub of international standard in Yangon, the official Global New Light of Myanmar reported Tuesday. The logistics hub will be constructed by the Myanmar Ministry of Commerce and the HUBS MK Company of South Korea on a […]

Myanmar’s Historical High School Awarded as Heritage Building

​ YANGON, Jan. 22 (Xinhua) — The over a century-old Basic Education High School (BEHS) No.-1, Dagon in Myanmar’s former capital of Yangon has been awarded a blue plaque to be marked as an ever-memorial heritage building by the Yangon Heritage Trust, according to the education authorities Monday. The historical school is known as having […]

Myanmar’s Manufacturing Sector Attracts over 1.5 Bln USD of Foreign Investment in 9 Months

​​ YANGON, Jan. 19 (Xinhua) — Myanmar’s manufacturing sector attracted 1.55 billion U.S. dollars of foreign direct investment (FDI) in the first nine months of present fiscal year 2017-2018, according to the Directorate of Investment and Company Administration (DICA) Friday. It was followed by real estate sector with 1.06 billion U.S. dollars and other service […]

Foreigners Allowed to Buy Jointly-Owned Condominium Apartment in Myanmar

YANGON, Jan. 2 (Xinhua) — Foreigners have been allowed to buy jointly-owned condominium apartment following the new rules under the Condominium Law announced early last month, said legal expert U Naing Lin Zaw Tuesday. In an interview with Xinhua, U Naing Lin Zaw clarified that the minimum requirements for a condominium project are to build […]

Myanmar Invites Investment in South Eastern Kayin State

YANGON, Nov. 24 (Xinhua) — The Myanmar Investment Commission (MIC) on Friday invited local and foreign investment in southeastern Kayin state for local economic development. According to an announcement of the commission Friday, investments are invited in electric power generation, transmission and distribution, bonded warehouse, establishment of industrial estate, infrastructure for the transportation sector as […]

Myanmar to Upgrade Domestic Dairy Products

YANGON, Aug. 11 (Xinhua) — Myanmar is striving to promote domestic dairy industry by raising the standard of its products, official media reported Friday. At present, the country’s Livestock Breeding and Veterinary department is exerting efforts to establish standards for milk products to place them in the market after obtaining approval from Food and Drug […]

The ‘Belt and Road’ Projects China Doesn’t Want Anyone Talking About

Kunming, Yunnan’s provincial capital, occupies a key place in China’s economic diplomacy efforts as the terminus of oil and gas pipelines from the Bay of Bengal and the starting point of a planned railway network winding through Indo-China to Singapore. But the provincial authorities have obscured the location of a brand new, 29.2 billion yuan […]

Myanmar, Asian Satellite Operator Extend Business Service Partnership

YANGON, July 25 (Xinhua) — Myanmar’s KBZ Gateway company and Asia Satellite Telecommunications (AsiaSat) have extended business partnership for better connectivity service in the country, official media reported Monday. Expanding VSAT broadband services to clients across the country, the KBZ has expanded its C-band and Ku-band capacity on AsiaSat 4 and AsiaSat 7 satellites for […]

Myanmar’s Private Sector to Cooperate With China to Build Agronomics Service Center

YANGON, July 24 (Xinhua) — Two Myanmar private organizations have signed a memorandum of understanding (MoU) with China’s CITIC Construction to implement an agronomics service center project, Myanmar News Agency reported Monday. The MoU, which involves Myanmar Rice Association and Myanmar Agronomics Public Corporation, was signed in Nay Pyi Yaw in the weekend. The project […]