European business is optimistic
The 2019 EuroCham Myanmar Business Confidence Survey showed that confidence is relatively high among European firms in Myanmar. The European Chamber of Commerce, or EuroCham, calls its survey “one of the key references for current and prospecti
Major coal enterprise draws community pushback
A large-scale Thai coal operation in eastern Shan State has drawn the ire of local communities worried for their land and environment. Residents of Mong Hsat Township issued a joint statement against the project, which is a joint venture between
Shareholders seek to dump largest bus operator
Investors in Yangon’s largest public bus company want the government to buy back their shares. Around 200 investors in the Yangon Urban Public Transportation Company (YUPT) have called on the Yangon Region Government to acquire their shares, di
Gwa, Rakhine, slated for beach resort
A local developer is requesting permission to build a luxury beach resort in Gwa, Rakhine State, that could help establish a new tourism destination to the western coast. The locally-owned Sea Lion Group has proposed the new “eco resort”
Japanese to invest USD 62 million in telecom infrastructure project
Four Japanese companies will work with the Myanmar government to build communications lines between the Thilawa Special Economic Zone and Myanmar’s largest cities. The companies are the Sojitz Corporation, the NTT Communications Corporation, NE
