New Chinese foreign investment commitments exceed $8 billion
MORE than US$8 billion in new foreign direct investment was recorded in May 2010, official figures show, boosting total contracted FDI since 1988 by more than 50 percent. (Volume 27, No. 536 - August 16 - 22, 2010)
Ayeyarwady Bank opens
FOLLOWING hot on the heels of the August 6 opening of the Asia Green Development Bank came the Ayeyarwady Bank at the Thiri Yadana Market in Nay Pyi Taw on August 11. (Volume 27, No. 536 - August 16 - 22, 2010)
Japan looks for new manufacturing base
RISING wages in China have removed some of the lustre from the Pearl River delta for foreign manufacturers. But if Myanmar wants to pick up the slack, it has to improve its infrastructure, industry sources said last week. (Volume 27, No. 536 - August 16 - 22, 2010)
Eel exporters request to use Kanpaiktee border point
MANDALAY Eel Entrepreneurs Association has sought permission to export eel to China through Kanpaiktee in Kachin State, an official from the Department of Fisheries (DOF) said last week. (Volume 27, No. 536 - August 16 - 22, 2010)
Live crab prices crawl downward
LIVE crab prices have dropped sharply as border trade exports to Thailand have dried up, said a secretary from the Myanmar Crab Association. (Volume 27, No. 536 - August 16 - 22, 2010)
Industry debates foreign buyers
YANGON’S property market is a potential gold mine for foreign investors but regulations must be changed to tap that demand, a number of industry watchers said last week. (Volume 27, No. 536 - August 16 - 22, 2010)
Agents say Shwe Lin Pan zone to be next hot property
DEMAND for the land plots at Shwe Lin Pan Industrial Zone on Yangon’s outskirts is on the way up, real estate sources said recently. (Volume 27, No. 536 - August 16 - 22, 2010)
Agents rejoice over tax extension
THE August 2 extension of a tax break covering property sales has continued a period of strong sales, real estate sources said last week. (Volume 27, No. 536 - August 16 - 22, 2010)
