The first dry port in Mandalay Region to transport goods by container has opened in Myitnge, Amarapura township, making the movement of products to and from the city easier and cheaper, according to Transport and Communications Minister U Thant Sin Maung. “We have been left behind for 30 years in carrying goods by containers. Only if […]
Read MoreMa Hla Hla Win, a recently laid-off factory worker from Rakhine State, is heavily in debt from having to send funds home to her family despite being jobless for six months. After her former employer, South Korean shoe factory MDM, closed last year, she was forced out of her room in Yangon. “I could no […]
Read MoreRestoring EU tariffs on Indica rice imports from Myanmar will have an impact on the production of only  60,000 to 100,000 tonnes of Indica rice, U Lu Maw Myint Maung, joint secretary of Myanmar Rice Federation, said. Myanmar currently benefits from the EU’s Everything But Arms (EBA) arrangement, part of the bloc’s Generalised Scheme of […]
Read MoreLocal banks have been permitted to allocated 5 percent of their total loan portfolio towards mortgages not exceeding three years, the Central Bank of Myanmar (CBM) said in a statement on Tuesday. The CBM’s aim is to generate more growth and development in the local banking sector and create more opportunities for people to own […]
Read MoreThe Ministry of Construction has announced the formation of a management committee to oversee the implementation of regulations under the Condominium Law 2016 and Condominium Rules 2017. In the announcement on January 5, the ministry said the management committee will register new and existing property developments that meet the definitions of condominiums in the country […]
Read MoreAscent Capital Partners, a Singapore-registered fund manager, has launched a Myanmar-focused private equity fund focusing on companies in the consumer, education, financial services, healthcare and the technology, media and telecommunications sectors in the country. The anchor investors in the Ascent Myanmar Growth Fund I (AMGF) are U Aung Moe Kyaw, founder of Myanmar Distillery Co […]
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