U Set Aung said Myanmar will endeavor to take on no loans from China to see the project completed, amid ongoing talks to renegotiate its deal with the developer.
22 The News For 22 July 2018
U Set Aung's appointment comes amid the government's efforts to renegotiate its agreement with the project's Chinese developer to give Myanmar a larger stake.
The government says the zones, slated for Kachin and Shan states, will not only create local jobs but help bring peace to the restive regions.
Myanmar and Chinese companies lead the way in filing EoIs for Yangon ring-road
The Irrawaddy spoke with DICA Director U Aung Naing Oo about the main changes in store under the new law, foreign investment prospects and the business landscape heading forward.
DICA said it would release regulations relating to the new Companies Law before it takes effect on Aug. 1 with instructions on how to register and follow the rules.
NLD-led administration not putting the right people in the right jobs, the private sector believes
Come August, a new Companies Law will make it easier for foreign investors to do business in Myanmar. But the Rakhine crisis and civil war are scaring many of them away.
Myanmar's private telecom operators stressed the importance of a level playing field with the launch of a new competitor that has the backing of the country's powerful military.
German ex-partner accuses Daw Kalayar Moe of breach of trust after business relationship collapsed
A pilot project launched by KBZ Bank and ActionAid has dispersed $59,000 in low-interest loans to more than 100 women in Magwe Region since December.
Myanmar’s economy performed better in the 2017-18 fiscal year with a recovery in agriculture, improved manufacturing performance and strong services growth, the World Bank stated
Wage law must be enforced, and other forms of assistance such as low-cost housing are needed
U Kyauk Taung denies allegations of land-grabbing, says appropriation of customary land from farmers is in line with local tradition
Investors Dissatisfied With Government’s Lack of Direction on Economy
Graft Fight Holds Key to Development, Daw Aung San Suu Kyi Tells ASEAN Summit
No Easy Way to Improve Myanmar’s Economy, Experts Say
Myanmar Tycoon Says Economy Neglected by Daw Aung San Suu Kyi’s Government
Saving Cultures in Karenni
Burma Signals for Foreign Investment
KBZ Appoints New CEO
The Irrawaddy Business Roundup (March 25)
Government Recruits Thai Institute to Help Promote Investment in Rakhine
Facebook Unveils New Strategy to Remove Hate Speech, Fake News
Families Displaced by Latest Fighting in Shan Start Heading Home
Tatmadaw Accused of Torturing Shan Civilians in Loilem Township