Rakhine State is being prioritised as a destination for investments within Myanmar says a senior trade official. Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) Executive Committee Member U Htun Htun Naing said yesterday that a delegation from Myanmar will be visiting India for a three-day trip next week to promote Rakhine […]
Read MoreThe border gate between Myanmar and Laos has been upgraded and given international status, according to the Ministry of Labour, Immigration and Population. The ministry has upgraded the Wan Pong check point in Tachilek, Shan State, making it an international border entry point for Myanmar and Laos. It has also opened the Myanmar-Laos Friendship Bridge […]
Read MoreThe replacement of a gas pipeline at the Zawtika project, offshore of Myanmar, will be conducted to reliably supply gas to Myanmar, said Mr. Piya Sukhumpanumet, general manager of PTTEP Myanmar Asset. Mr Piya was speaking to journalists during a media tour to Zawtika, located in block M-9 of the Moattama Gulf, Tanintharyi Region on […]
Read MoreDue to an import ban on rice, sugar and maize by China, trade at the Myanmar-China border has been at a standstill for the past month, U Khin Maung Lwin assistant secretary at the Ministry of Commerce said. To avoid paying high import tariffs on those commodities by the Chinese authorities, the number of traders […]
Read MoreOnly left-hand drive vehicles can be imported into Myanmar next year, the authorities have announced. Myanmar’s Supervisory Committee for Motor Vehicles Import outlined sthe new auto import policy on October 26. But the announcement did not improve confidence in the auto market. The government lays out the vehicle import policy every year. This year, there […]
Read MoreInterest in Myanmar’s startups has been on the rise as investors scour the market for potential returns. Yesterday, Germany’s development finance institution DEG and agRIF, an impact focused fund which provides funding to financial intermediaries targeting smallholder farmers and the rural population, announced a joint investment of US$6 million in Rent 2 Own (Myanmar) Ltd […]
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