Plant in Mandalay to produce first Chinese cars
A new plant near Mandalay is poised to build the first Myanmar-made Chinese cars by Gold AYA Motor International. According to a report by the Myanmar Times, the subsidiary of the Chinese Shining Star Group of Companies, invested around USD 30 millio
Frontiir receives investment from UK development group
Yangon-based internet service provider Frontiir has received an investment of USD 30 million from the UK government’s development finance institution. According to a report in The Irrawaddy, the investment has been made by the British CDC Group, fo
Government urges sustainable tourism in Tanintharyi
Government officials have called for tourism companies to establish “sustainable” tourism products in the country’s southerly Tanintharyi Region, in part to tackle the rise in so-called zero-dollar tours from China, according to an article in t
Myanmar Airways International (MAI) opens Hangzhou routes
Myanmar Airways International (MAI) has opened separate routes from Yangon and Mandalay to Hangzhou, in China’s Zhejiang Province. According to an article in the Myanmar Times, it is the latest in a long list of expanded connections between the two
Proximity Finance signs loan agreement with Yoma Bank
Yangon-based Proximity Finance has signed a USD 3.28 million back-to-back funding agreement with Yoma Bank to support micro-lending for smallholder farmers, according to an article in Dealstreet Asia. “This back-to-back structure of funding will al
