The faded pillars on the Pansodan flyover are about to get a little more colourful. Japanese firm Hello Communications is leasing out over 180 pillars for advertising that could net the firm around US$14,000 a month – although local business will take some convincing.
The American Gem Trade Association (AGTA) arrived in Myanmar for the first time this week to assess the gems sector and build trade relationships ahead of an anticipated end to the US sanctions regime, which would allow the legal import of Myanmar rubies and jade.
Yangon Public Bus Company – operator of the new Bus Rapid Transit (BRT) Lite bus routes – has started a second round of shares sales, while the government has extended the application deadline for firms interested in rolling out the BRT system city-wide.
Demand for coffee is booming in an increasingly caffeinated world, and although Myanmar is capable of producing international-quality product it has neglected the crop for years. But agricultural ministry officials are hoping to develop a coordinated strategy to ramp up production and connect cultivators with world markets.
Around 30 customers participating in Construction and Housing Development Bank’s (CHDB) Housing Saving Account program now have the requisite balance to give them priority in applying for low-cost housing, the bank’s managing director has said.
Myanmar Agricultural Development Bank (MADB) will continue to disperse loans using a group-pledge system rather than allowing individual farmers to be responsible for the risk, the deputy minister for agriculture told parliament.
The government has again announced a series of initiatives to help draw tourists to Nay Pyi Taw, including stepping up its efforts to lure foreign travellers looking for a destination to hold events and conferences.