Planned hydropower projects on the Thanlwin river are still in the early stages, according to Ministry of Electric Power officials, disputing claims in Thai media that a memorandum of understanding for one project will be signed later this year.
The Pyidaungsu Hluttaw Joint Public Accounts Committee has added its voice to those supporting the Central Bank of Myanmar’s recent moves to converge its official kyat-US dollar exchange rate with the market rate.
A conspiracy of silence seems to surround the issue of parts allegedly stolen from imported vehicles at Yangon ports, parliament heard on July 13.
South Korea’s Busan Bank has registered with the Directorate of Investment and Company Administration (DICA) to open a representative office in Myanmar, through DICA’s one-stop-shop service, according to the regulator’s website.
The Myanmar Investment Commission will strengthen inter-department collaboration in an effort to avoid situations like that which led to the cancelled projects near Shwedagon Pagoda, according to the commission’s secretary U Aung Naing Oo.