As the first meeting of the India-Myanmar Joint Consultative Commission (JCC) concludes in New Delhi, Gautam Mukhopadhaya, ambassador of India to Myanmar, provides an update on ambitious plans to improve connectivity between the two countries.
Myanmar Investments International Limited (MIL) raised US$19.94 million on the AIM market of the London Stock Exchange yesterday, as the company lines up several potential new investments in Myanmar, according to managing director U Aung Htun.
About 80 percent of Myanmar’s exports of beans and pulses go to India, with lesser amounts going to Pakistan, Bangladesh, Europe and the United States. Myanmar competes against other growers, including Canada, Mozambique, Tanzania, Sudan, Malawi and Senegal.
The strengthening US dollar is negatively impacting the market for car imports, and car prices look set to continue to rise, said chair U Soe Htun from the Myanmar Automobile Manufacturers and Distributors Association (MAMDA) on July 18.