South Korea to provide Infrastructure projects loan
Myanmar and South Korea have agreed upon a financing framework that will dole out loans totaling USD 1 billion. The loan will finance a wide range of infrastructure projects. The agreement was signed by Union Minister for Investment and Foreign Econo
UK to keep Myanmar trade preferences with or without EU
A post-Brexit United Kingdom will maintain its tariff-free “Everything but Arms” trade preferences with Myanmar. This is so announced despite the UN’s call for sanctions against military-affiliated businesses. Warren Pain, head of t
Yangon Stock Exchange hit highest trade volume to date
August was the best month to date for the The Yangon Stock Exchange (YSX), with a total of 322,176 shares traded. The total value of those trades was MMK 1.9 billion, according to the YSX monthly report. That number is up from MMK 1.22 billion in tra
Factory zones hardest hit as flu outbreak kills 102
More than one hundred people have died of H1N1 “swine flu” since the monsoon outbreak began, according to the Ministry of Health and Sports. Almost 600 people are currently being treated for the disease in government hospitals. Yangon see
Parliament weighs raising import license fees
Ministry of Commerce deputy minister U Aung Htoo proposed an increase of import licensing fees to the Union Parliament on August 26, citing a decrease in imported goods. The new licensing structure would raise fees from between MMK 30,000 to MMK 90,0
