Shan State aims to triple FDI
Shan State has unveiled an ambitious investment plan that seeks to boost its annual foreign investment more than three fold over the next ten years. The Shan State Investment Committee’s (SSIC) new Shan State Investment Promotion Plan (SSIPP) a
USD 480 million loan approved for new highway
The Union Parliament approved a USD 483.8 million loan from the Asian Development Bank last week to construct a highway that will eventually connect Yangon with the east coast of Vietnam. The financing will help build the Bago-Kyaik Hto Expressway, a
New loans announced for agribusiness
The government will soon offer new soft loans for businesses in livestock and agriculture affected by COVID-19. The fund of MMK 100 billion will go towards assisting farms, import and exporters, manufacturing and other businesses related to the produ
National debt reached USD 30 billion last year
By the end of the 2018-2019 fiscal year, Myanmar’s local and foreign debt was MMK40.8 trillion (roughly USD 30 billion), according to Myanmar’s annual debt report released last week. Speaking to parliament, U Maung Maung Win, deputy minis
Government aids ailing tourism sector
The Ministry of Hotels and Tourism (MHT) has announced measures to promote domestic travel and revive Myanmar’s struggling tourism sector. Although international flights are still grounded and may remain so for several months, MHT deputy minist
