The expanding trade deficit is not a large problem because much of the increase in imports are for construction material and machinery needed to fuel future growth, according to Ministry of Commerce experts.
Thai firm Green Earth Power Company has signed an agreement with the government to move forward on its plans to spend US$350 million building a 220-megawatt solar-power generating station near Minbu in Magwe Region.
Peace in the countryside may be starting to pay dividends with the further development of Kokang economic zone.
A public company is planning to build a large complex including a racetrack, car showroom and guest house on the outskirts of Yangon, according to Myanmar Automobile Manufacturers and Distributors Association chair U Soe Htun.
An arm of the World Bank Group is planning to offer risk insurance on loans to encourage foreign investment to come to Myanmar, said Honda Keiko, executive vice president and CEO of the Multilateral Investment Guarantee Agency (MIGA).
Restaurant will be required to mark their receipts with a security label to show customers have paid a 5 percent commercial tax on their meals starting November 1, according to Internal Revenue Department director U Min Htut.