The government is planning to work with the private sector under a public-private partnership (PPP) to upgrade the Yangon-Nay Pyi Taw-Mandalay Highway, which is used by 16 million travelers annually, said U Kyaw Lin, Deputy Minister of Construction. “We are discussing options such as applying for foreign loans as well as working together with the […]
Read MoreSINGAPORE – Surbana Jurong said on Thursday (Jan 25) it has signed an agreement with MOSB to design an offshore supply base in Mon State, Myanmar. Under this agreement, Surbana Jurong will provide, among other things, engineering and marine consultancy as well as project management. MOSB is a joint venture between Two Fish Supply Base […]
Read MoreDespite higher incidences of trading fraud, rice exports are expected to increase in 2018 on the back of demand from China, the largest importer of Myanmar rice, as well as other countries like Bangladesh and Sri Lanka, rice traders said. Last year, fraudulent traders made off with some K10 billion in rice revenues, according to […]
Read MoreThonburi Healthcare Group Plc, the top-performing health stock this year, expects to open a hospital in Yangon by June to bolster the company’s earnings outlook. The $75-million, 200-bed facility is part of an 8-billion-baht investment plan through 2020 to expand services in Thailand and other Southeast Asian nations, Thonburi Healthcare chairman Boon Vanasin said in […]
Read MoreBusiness executives remain concerned with the lack of affordable access to credit and insufficient human capital, according to the Myanmar business barometer survey published by Oxford Business Group (OBG). Access to credit In a survey involving dozens of high-level executives across industries, more than half (58pc) of participants said they believed that less than 20pc of […]
Read MoreThe Central Bank of Myanmar (CBM) should reduce current bank interest rates to boost business in view of slowing economic growth and a widening budget deficit, Daw Thet Thet Khaing, MP for Dagon constituency said in Parliament on Wednesday. If the CBM reduces the current deposit rate from 8 percent to 7 pc and current […]
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