World Bank to help with Ayeyarwaddy Basin development
The World Bank has announced that it will team up with the Department of Water Resources to develop the Ayeyarwaddy Basin, by providing a...
Myanmar to open more oil exploration blocks to investors
Myanmar will release another 15 oil exploration blocks by the end of next year to international
investors, on top of the 40 blocks that have...
Election confirmed for late 2015
According to an announcement made by the Union Election Com- mission Chairman U Tin Aye the 2015 General Election will take place either in...
Thai PM urges India on Dawei SEZ development
Thailand Prime Minister Prayuth Chan-ocha has spoken to India’s Deputy Foreign Secretary Vijay Ku- mar Singh about becoming involved in the Dawei Special Economic...
Business News
KFC announces official Myanmar move
One of the world’s leading fast-food companies Kentucky Fried Chicken (KFC) has announced that it will officially move into Myanmar’s...
Central Bank plans to allow flexible interest rates on USD loans
The Central Bank of Myanmar has said that it plans to soon allow freely floating interest rates, amid concerns that current restrictions with a...
Yangon Electricity Supply Board will Go Public
Myanmar's Yangon Electricity Supply Board (YESB) said that it is planning to transform itself
into a listed company for more effective op- eration.
The YESB will...
Myanmar Tourism Federation to establish privately-owned Tourism Bank Public Company Ltd
The Myanmar Tourism Federation will establish a privately-owned Tourism Bank Public Company Ltd to provide financial support to small and medium enterprises related to...
Myanmar Law and Companies Updates
Nestlé announces plan to invest US$50 million in Myanmar over the next six years
Swiss food conglomerate Nestle SA (Nestlé) has announced that it intends...
Norway’s Telenor to launch 3rd telecoms service in Myanmar
Norway's Telenor CEO Petter Furberg said the company would launch telecommunications ser- vices in Myanmar on Sept. 27, becoming the sec- ond foreign telecoms...
