First round of companies receive emergency pandemic funds
As the COVID-19 pandemic begins to take its toll on domestic markets, the Myanmar Investment Commission (MIC) has approved more than 400 soft loans from its new “COVID-19 fund.” Recipients of the one-year, one percent interest loans mostl
Ethnic organization slams Chinese casino project
A new report by the Karen Peace Support Network (KPSN) has condemned the Shwe Kokko casino project planned in an ethnic Karen territory along the Myanmar border. The report adds to the controversy that has surrounded the massive resort project since
Telenor heeds order to block web sites
Telenor Myanmar has partially complied with a government order to block hundreds of websites for explicit content and fake news. The Ministry of Transport and Ccommunications had ordered the nation’s cellular carriers to prevent access to 221 w
Foreign investment hits USD 2 billion
Foreign direct investment (FDI) has topped USD 2 billion in the first five months of the current fiscal year. That number came from 132 new foreign investors who received approval from the Directorate of Investment and Company Administration (DICA) b
Foreign insurers have pumped USD 127 million into Myanmar
A new rule allowing foreign insurers to operate in Myanmar has resulted in over USD 127 million in foreign direct investment (FDI), according to a report by the Myanmar Investment Commission (MIC). The Ministry of Planning, Finance and Industry began
