A US$1.4 billion contract for an airport outside Yangon has been awarded to a Singapore-led consortium, the Department of Civil Aviation has announced, after talks with the original tender winner stalled earlier this year.
Smaller-scale foreign businesspeople are having difficulty securing long-term leases, which is hampering foreign investment, businesspeople say.
The Myanmar Rice Federation plans to open several warehouses for rice traders to store their product for use as collateral to receive bank loans, said its chair U Chit Khaing.
Ma Hnin Hnin Khain is like many cinephiles in that she formerly visited her local video rental shop every day to borrow a movie for the evening’s viewing.
Far more motorcycles are imported to Myanmar illegally than are brought in legally, said deputy railway and transportation minister U Chan Maung.