Category: Highlights

WB: USD 50 Million in Fast-Track Financing for National COVID-19 Emergency Response

In a press release on April 20, the World Bank announced that it had approved a USD 50 million credit for the Myanmar COVID-19 Emergency Response Project. “This fast-track financing will help Myanmar fill a critical gap in its contingency plan to u

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Myanmar attracts over USD 2 billion foreign investment in first half of fiscal year

Investment capital of over USD 2.73 billion from permitted foreign enterprises have entered Myanmar in first half of fiscal year 2019-2020 which started in October, according to figures issued by the Directorate of Investment and Company Administrati

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Seven Asian banks granted preliminary licenses in Myanmar

Among the 7 new banks granted preliminary licenses (out of 13 applications) are 3 banks from Korea (state-run Korea Development Bank (KDB), Industrial Bank of Korea (IBK), Kookmin Bank), 2 from Taiwan (Cathay United Bank and Mega International Commer

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Myanmar to receive first batch of Chinese SY-400 short-range ballistic missiles

According to a report from armyrecognition.com, a security industry news website, Myanmar is going to receive the first batch of Chinese-made SY-400 short-range ballistic missiles very soon after a series of tough negotiations that lasted for years.

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Japan’s largest retailer Aeon to open mall in Yangon by 2023

The Japanese retailer Aeon will partner with Myanmar conglomerate Shwe Taung Group to set up a joint venture. The new Aeon shopping mall will target Myanmar’s middle class, which is predicted to increase significantly during the next few years says

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23 new fuel stations opened in 2020, bringing the total to 2,704

According to official statistics released by the Ministry of Electricity and Energy, 23 new fuel stations were granted a licence and opened their doors in the first 2 months of 2020, bringing the total number of such stations to 2,704. Stations are u

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