Category: Highlights

Shwe Taung Group secures USD 44 mn “green loan” from OCBC Bank and United Overseas Bank (UOB)

According to a joint statement released today, Myanmar’s Shwe Taung Group will receive a “green loan” from the Yangon branches of OCBC Bank and United Overseas Bank (UOB) for respectively USD 30 million and USD 14 million. The Myanm

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State Counsellor receives delegation from France’s biggest employers union

State Counsellor Daw Aung San Suu Kyi received yesterday a delegation from France’s largest and most influential employers’ union, MEDEF (“Mouvement des Entreprises de France”), led by Mr Christian Lechervy, Ambassador of Fran

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Myanmar begins to see increased competition in the fibre broadband segment

Just released, the latest edition of Paul Budde Communication’s Focus report on Myanmar outlines the major developments and key aspects in the country’s telecoms markets. Five years ago, Myanmar remained one of the last underdeveloped telecom

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Maritime trade up USD 1 billion in current fiscal year

For the period between October 1st 2019 and January 17th 2020, Myanmar’s maritime trade totaled USD 8 billion, an increase of over USD 1 billion compared to the same period last year, reported the Ministry of Commerce. Myanmar’s nine internationa

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Domestic investments top USD 500 million in current fiscal year

According to a press release from the Myanmar Investment Commission (MIC), between October 1st and January 24th, in the 2019-2020 financial year, domestic investments made by Myanmar citizens reached MMK 748 billion – over USD 500 million ̵

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Myanmar received over 4 million foreign tourists in 2019

Myanmar received over 4.36 million foreign visitors in 2019 according to the Ministry of Hotels and Tourism. Tourist arrivals increased by 23 percent compared to 2018 when over 3.55 million foreign travelers arrived in Myanmar, the ministry said. Tho

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