The newly opened Canadian embassy in Yangon may not have the size of the large US embassy on University Avenue or the prominence of the Australian and United Kingdom’s buildings on Strand Road, but officials hope it will help strengthen relations between the two countries.
Leading agribusiness company MAPCO has been offered a second loan from Singapore-based United Overseas Bank to develop a port terminal and agribusiness plant near the Thilawa special economic zone.
Muse is looking to China’s economic success for inspiration for its K50 billion central business district project, according to its member of parliament.
Three members of a Chinese committee governing import standards will visit Myanmar in September to start negotiating an agreement to legalise rice exports, said officials from the Myanmar Rice Federation.
As Myanmar starts leaping down the path of economic development, many around the world are getting excited.
Fish farmers are beginning switch to different types of fish to boost farm yields, said Daw Toe Nandar Tin, vice chair of the Myanmar Fisheries Product Processor and Exporter Association.
The United States Treasury Department granted a special one year licence beginning in late July for certain US companies to trade with Myanma Timber Enterprise and other members of the timber industry currently under sanction by the United States.