Metal refinery to open in Kayah State
A Myanmar and China joint venture has been granted permission to build a USD 50 million metal refinery in Loikaw, the capital of Kayah State. According to an article in the Myanmar Times, the Directorate of Investment and Company Administration (DICA
Denmark’s Responsible Business Fund to lend to SMEs
Denmark’s RBF will provide its fourth loan to Myanmar enterprises for an amount of MMK 1.13 billion (approximately USD 750 K). The RBF is part of the Danish Development Assistance to Myanmar, which praises mutually binding partnerships. The f
Spring Airlines begins new route between Yangon and Shanghai
Chinese carrier Spring Airlines has started operating the route between Yangon and Shanghai. The flights started earlier this week, according to an article in the Myanmar Times. The flight will depart four times a week, using an Airbus 320 aircraft w
Mottama Development opens property gallery
Mottama Development Group Co., a leading developer in Myanmar, celebrates the grand opening of its new Property Gallery in Yangon. The event launches the company’s latest development projects. The new property gallery will serve as a hub for invest
Nippon takes stake in Myanmar insurer
Nippon Life Insurance has announced it will take a 35 percent stake in Myanmar’s Grand Guardian Life Insurance Company (GGLI) in a deal worth USD 21 million. According to a report in Dealstreet Asia, the deal is expected to be completed by October
