With just over 7 miles completed on the Yangon circular railway upgrade, Myanma Railways says the refurbishment of the 28-mile (945-kilometre) circuit is progressing well, with funding from the state budget contributing to station upgrades.
The Myanmar Women Entrepreneurs Association will launch its Women Entrepreneurship Development Center (WEDC) this month, with free business training and mentoring opportunities for female business owners.
Yoma Strategic Holdings is restructuring its tourism assets and plans to create a new Myanmar tourism-focused firm that will merge with other players in the sector and potentially list on the Singapore exchange, Yoma’s chief executive told The Myanmar Times.
Myanmar’s rigid banking system is restraining trade potential with India, one of the country’s largest trading partners, according to senior officials at Myanmar’s peak business bodies.
People hoping to have the ban on new car imports to Yangon lifted will have to wait until improvements have been made in public transport, an official from the YRTA has confirmed.
The Asian Development Bank has earmarked around US$45 million for the tourism sector, which it will begin to disburse in 2018, and industry operators have no shortage of suggestions for how it should be spent.
A multi-million-dollar agriculture project designed to upgrade irrigation networks in some of Myanmar’s driest areas is expected to be approved by the end of the year, aiming to commence construction in the first quarter of 2017, the Asia Development Bank’s Myanmar country director, Winfried Wicklein, confirmed yesterday.
A number of airports popular with tourists will begin accepting direct international flights after their upgrades are complete over the next decade, the Department of Civil Aviation deputy director general U Ye Htut Aung told The Myanmar Times.
Vendors residing at the recently upgraded area inside Nay Pyi Taw’s Ahara Thukha Market have been warned by market administration that they will be liable for action if they resell their licences, which were handed out for free by Nay Pyi Taw City Development Committee.