First Myanmar Investment (FMI) has formed a joint venture with a company owned by residents of Manaung Island in Rakhine State, which will develop the island and build infrastructure, according to an FMI announcement on the Yangon Stock Exchange yesterday.
A Mandalay Region fruit and vegetable association is hoping to boost Myanmar’s exports of a lucrative vegetable gum – karaya – that can be used in cosmetics, denture adhesives and windshield installation.
International equity investors eager for Myanmar exposure could have a new option next year. Yoma Strategic has signed an agreement with First Myanmar Investment (FMI) and two other firms to create a listed company focused purely on Myanmar tourism.
The Sagaing Gems Entrepreneurs Association broke ground on a gem laboratory in Sagaing town yesterday, aiming to make it easier for local traders to check the quality of their precious stones.