Belt and Road should not dictate infrastructure priorities: Melvyn Pun

Beijing's Belt and Road Initiative (BRI) should not dictate Myanmar’s infrastructure priorities despite the importance of Chinese finance, according to the head of Yoma Strategic. Infrastructure should be developed for Myanmar’s national interest.

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Mandalay port to facilitate regional and Chinese trade via waterway

Developers of Mandalay port will begin the construction work in November 2018, according to the Directorate of Water Resources and Improvement of River (DWIR).

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Ten prioritised sectors announced for investors

Myanmar Investment Commission (MIC) has recently extended an invitation to local and foreign investors to invest in 10 prioritised sectors.

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The clock is ticking for Myanmar government to show real progress

Myanmar is not the only country in ASEAN which attracts foreign direct investments (FDIs), Simon Tay, chair of Singapore Institute of International Affairs (SIIA), said during the sideline interview of the 2nd ASEAN-Myanmar Forum held in the commercial capital yesterday.

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Traders repeat calls for tax reduction

Businesses in jade and gemstone sector have, again, asked for tax reduction, and have set out recommendations for the government with the aim to make Myanmar competitive in gemstone export.

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CNG prohibited for public buses after June

All public buses built in or before 1995 are to be handed over to the Road Transport Administration Department (RTAD) and purchases of Compressed Natural Gas (CNG) will be prohibited from June 30, all, according to bus owners.

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IFC injects $13.5 million into local microfinance institutions

The International Finance Corporation, (IFC), a member of the World Bank Group, has provided a financing package of $13.5 million to various microfinance institutions in Myanmar to support the country’s critical credit demands.

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JICA draws up development plan for Tanintharyi and Dawei SEZ

Japan International Cooperation Agency (JICA) will take the lead in the drafting of the master plan for Tanintharyi Region, according to JICA Myanmar Office.

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NLD positive on clean coal technology

Clean coal technology might be an option for the government’s energy policy, according to an NLD spokesperson.

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Our leaders should ask for more financial support: Dr Thaung Han

Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions.

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