Mandalay’s Hilton Hotel will host a property sales expo on August 4 and 5. The expo will feature condominiums in Yangon and the nine projects in Mandalay Region, according to U Kyaw Si Thu, director of Success Property Consultant. High-end condo projects in Yangon such as Golden City, Kanbae Towers, River Front Garden, May Inya, […]
Read MoreMyanmar’s new foreign direct investment act is expected to attract more Thai investment in the neighbouring country, says the head of the Thai Business Association of Myanmar. Myanmar’s ambition to promote marine tourism along the virgin beaches of the Bay of Bengal has attracted Thai tourism operators. Association president Surasak Keeratichokechaikul said that once the […]
Read MoreThe US dollar yesterday surged to a high of K1425, buoyed by the Federal Reserve’s hawkish guidance and tension on trade between the world’s largest economies. The Central Bank of Myanmar set its reference rate at a record high of K1415 to the dollar. While the dearer exchange rate will likely have an impact on […]
Read MoreMYANMAR is confident of attracting more investments from Thailand after a revamped companies law comes in at the start of next month, a senior official investment said. “We have great potential to welcome a huge influx of Thai investments over the next few years,” said Thant Sin Lwin, deputy director general of the Directorate of […]
Read MoreThe Ministry of Electricity and Energy (MOEE) will hold tenders for offshore oil and gas production in Myanmar by the end of the year, Daw Khin Htay, director from state-owned Myanma Oil and Gas Enterprise (MOGE) said during a July 13 press conference. “Tender rounds will be floated before the end of 2018,” she said. […]
Read MoreState -Owned enterprises (SOE) play dominant roles in Myanmar’s economy. Collectively, they generate about half the government’s revenue, spend half the government’s budget, and regulate much of the formal economy – from forestry to telecommunications to mining. Yet these entities have remained “black boxes”, with their activities and finances shrouded in secrecy. Over the past […]
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