China signs MOU for Mandalay-Rakhine railway
China and Myanmar signed an MOU this week for a new 650-kilometer railway line connecting Mandalay with Kyaukpyu, Rakhine State. The new railway will join with another planned line from Mandalay to Muse, creating an unbroken line from the Bay of Beng
YSX to add four new companies this year
The Yangon Stock Exchange will soon add a seventh company, Amata Holding, to its bourse, but three more are planned for this year, YSX executive senior manager U Thet Tun Oo told Bloomberg. He added that as many as 30 are in consideration as the exch
Thailand to invest USD 2 billion in gas project
Thailand’s state-owned PTT Exploration and Production (PTTEP) has been granted approval to build a USD 2 billion multi-faceted natural gas project in Myanmar. The project involves gas field development, a new pipeline and a nearly 600 megawatt
Kirin audit inconclusive
Japanese beverage giant Kirin’s investigation of its controversial partnership with a Myanmar military conglomerate has failed to yield significant findings, the company said in a statement. “Unfortunately, the assessment was inconclusive
Investment minister outlines major Yangon developments
In a statement at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry, minister of investment and foreign economic relations U Thaung Tun said that three major foreign-backed developments are moving forward desp
