Mandalay residents eager to visit Bangkok will have a bevy of new flight options next month. Myanmar National Airways (MNA) will begin offering thrice-weekly flights from August 31, just a day before Myanmar Airways International (MAI) is scheduled to begin its own Mandalay-Bangkok route.
The US Foreign Agricultural Service opened an office in Yangon yesterday with the aim of strengthening trade and investment relations between Myanmar and the United States.
The government aims to have an automated cargo clearance system adopted by all customs departments in Yangon by November, before possibly extending the program to the country’s land border points, an official has told The Myanmar Times.
As Myanmar Citizens Bank prepares to become the first lender listed on Yangon’s stock exchange, bourse officials are still debating just what level of financial disclosure listing banks should have to provide.
United Amara Bank became the second local lender to sign with the Asian Development Bank under its Trade Finance Program (TFP) yesterday, and will receive guarantees for international letters of credit worth up to US$4 million each year.