Category: Highlights

Inflation rate yet again above 8% for the 10th consecutive month

Myanmar’s Central Statistical Organisation (CSO), under the Ministry of Planning, Finance and Industry, released the inflation figure for the month of March 2020 standing at 9.01%. This marks the 10th consecutive month with an inflation above 8

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Three domestic airports to undergo facilities upgrading

Union Minister U Thant Sin Maung of the Ministry of Transport and Communications revealed that the ministry is planning to upgrade three domestic airports — Heho, Mawlamyine and Kawthaung. Details are yet unknown but the domestic airports will be u

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20.54MW gas power plant project in Kyunchaung to be finished soon

The Kyunchaung power plant in Magway Region built by Hong-Kong based VPower will soon be ready to start operations. The electricity produced by Kyunchaung gas power plant will be supplied to the national grid. VPower, in a consortium with Chinese sta

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Chinese automakers move into Myanmar to battle Japanese rivals

According to multiple reports, Chinese automakers are showing increased interest in the Myanmar auto market, traditionally and historically dominated by Japanese manufacturers. Though at a relatively low level, the Myanmar auto market is undergoing a

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5 new projects in oil and gas, real estate and services sectors get green light from MIC

The Myanmar Investment Commission (MIC) has approved five projects this week in the services, oil and gas and real estate sectors, with investments amounting to USD 65 million. The meeting also allowed additional investments in three existing project

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CBM cuts interest rates for the 3rd time to support economy

The Central Bank of Myanmar (CBM) will cut interest rates for the third time this year to support the country’s economy amid the COVID-19 outbreak, state-run media quoted a statement of the central bank on Wednesday. According to the statement,

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