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Japan will expand existing investments in Myanmar under the new Myanmar administration, said Mr. Hideo Watanabe, Chairman of Japan-Myanmar Association and former Member of the House of Councilors of Japan. He said that during the meeting with Daw Aung San Suu Kyi, State Counsellor Myanmar, in Naypyidaw on January 18. During...
South Korea-based POSCO Group is in talks to make two investments, which total around $900 million, in Myanmar, according to Myanmar Embassy in Seoul. U Thant Sin, Myanmar Ambassador to the Korea Republic, on January 11 met Mr. Kyoung-Ho “Michael” Park, General Manager of Energy & Infrastructure Group (Power &...
The government of Myanmar will announce the Economic Relief and Reform Plan, Daw Aung San Suu Kyi, the State Counsellor of Myanmar, said in her address to the National Tourism Development Central Committee’s meeting held on January 8.  “We will issue a Myanmar Economic Relief and Reform Plan, which includes...
Nara Green Tea will export hibiscus tea also called roselle herbal tea made from roselle bud to the United State.  “We will export roselle herbal tea at a price of $2 per box to the dealer in the States. Roselle herbal tea from Myanmar is not like those from other...
Myanmar Investment Commission has approved a $1 million investment proposal to build an underwear plant. The project was approved by the Yangon Regional Investment Committee, which has been approving foreign and local investment proposals aiming to bring investments during the Covid-10 period. The committee attended by the Chief Minister of Yangon...
Myanmar Credit Bureau Limited (MMCB)  announced the official launch of its services to support financial institutions, consumers, and the country’s economic development on December 30. MMCB, Myanmar’s first and only credit bureau, is operating under a license issued by the Central Bank of Myanmar and has implemented a modern...
Yangon Amata Smart and Eco City, expected to create over 33,000 jobs for local people, has kicked off the construction process with the official groundbreaking ceremony on December 27. AMATA Asia (Myanmar), a subsidiary of Amata Corporation, a listed company on the Stock Exchange of Thailand, holds 80 percent of...
2C2P, a payment platform, and KBZPay, the leading mobile wallet in Myanmar, have established a partnership to expand the digital payments network in Myanmar. The partnership will bring together 2C2P’s online payment systems and KBZPay’s mobile wallet technology to open up new possibilities for people in Myanmar to transact with...
The $168 million Dala Bridge Project, which will connect Yangon and Dala township, has caused the spikes of land prices again, according to the real estate service providers. Back in 2013, the land price in Dala Township increased tenfold since talks of a bridge linking Yangon and Dala emerged. The project...
Central Bank of Myanmar, which has been purchasing US dollar earlier this year, sold $3 million on December 14 at the rate of K1,372.2 per dollar. On the same day, dollar was traded around K1,365-1,370 in the domestic market. Myanmar Kyat against US dollar has been strong since the begining of...