As international airlines fight to add new Myanmar routes and destinations the country’s airspace is becoming increasingly crowded. With an eye on safety the Department of Civil Aviation (DCA) is looking at switching to a space-based surveillance system to keep track of the rising number of foreign and domestic aircraft in the skies.
The investors behind Myanmar’s first special economic zone will start accepting proposals for factories in second zone known as “Zone B” at the end of the rainy season, as both phases of “Zone A” near completion, with US$760 million in foreign investment committed to the project so far.
Suzuki Motor Corporation is planning to expand its operations in Myanmar with a factory in Thilawa special economic zone that will start production in 2018, the company’s managing director said yesterday.
Myanmar has formed an alliance with six other sugar-producing countries in the region, with a view to improving cooperation and boosting trade, in preparation for the ASEAN Economic Community, which aims to create a single market for capital, goods, labour and services.
Trading on the Yangon Stock Exchange may have slumped, but the country’s new bourse is still heading in the right direction, according to a YSX official.
Myanmar's private banks have asked the country’s regulator to stop state-owned lenders hoarding US dollars, but officials at state-owned firms say they face barriers to letting more of their foreign exchange holdings flow into the interbank market.
Myanmar Agri Foods Company has opened a factory in Nay Pyi Taw capable of producing up to 5000 tonnes of frozen fruit and vegetables for export each year.
A civil society alliance has asked the Shan State government to investigate a coal mine in Namsan township, after farmers claimed their land was confiscated by force without explanation.