Shan State officials say they are planning to conduct surveys for a new road that would divert traffic from one of Myanmar’s main trading routes and open up business with China.
One of Myanmar’s most successful tycoons is hoping to bring tourism to his home town of Taungoo and the surrounding area, which had been off- limits to visitors for many decades due to conflict between the Karen National Union and the Tatmadaw.
The consortium building a major new international airport in Bago Region known as Hanthawaddy International Airport has inked a framework agreement with the Department of Civil Aviation (DCA), in a move that brings the companies closer to breaking ground.
While globally an initial public offering usually means throwing the doors to your company wide open and letting investors poke around, industry observers say the Yangon bourse has not gone far enough on provisions for transparency.
Nearly 1300 filling stations in Mandalay Region could be overcharging motorists, say regulators. Myanmar Petroleum Trade Association deputy chair U Kyaw Kyaw told The Myanmar Times yesterday that filling station operators who were not members of the association were not bound by prices fixed for members.
After years of back and forth, the Banks and Financial Institutions Law of Myanmar has been passed by parliament and is now awaiting the president’s signature, with banks to face more stringent rules on raising paid-up capital and on reserve requirements.
First Myanmar Investment (FMI), owned by businessperson Serge Pun, has asked its shareholders to open digital accounts, ahead of the company’s planned listing on the new Yangon Stock Exchange later this year, officials said.