Category: Highlights

Real estate sector tops October FDI

As reported by the Global New Light of Myanmar, the real estate sector is still bullish about its growth perspectives – despite a falling rental price per square foot in the economic capital (see last week’s highlights). According to DICA

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ADB/EU to boost skills of Myanmar’s youth

The Asian Development Bank (ADB) and the European Union (EU) are preparing a USD 26 million technical assistance (TA) grant to support reforms that will improve the quality and relevance of secondary education and technical and vocational education

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Trade unions to push for increase of minimum wage

The Confederation of Trade Unions in Myanmar (CTUM) is bringing a proposal to raise the minimum wage from 4,800 kyats (USD 3.19) to 7,200 kyats per day (900 kyats per hour for an eight-hour work day) to the National Committee for the Minimum Wage. In

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Parliament approves merger of ministries of Industry and of Planning and Finance

In a divisive vote between USDP and NLDP, the Pyidaungsu Hluttaw has approved the merger of the Ministry of Industry (MoI) and the Ministry of Planning and Finance on Tuesday. Initiated by the NLDP, the bill faced the opposition of the USDP, which ha

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State Counsellor Daw Aung San Suu Kyi in Korea for ASEAN Summit

State Counsellor Daw Aung San Suu Kyi, accompanied by a delegation of Union Ministers, Deputy Ministers and other officials, attended the ASEAN-Republic of Korea (ROK) Commemorative Summit in Busan this week to mark the 30th anniversary of diplomatic

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ADB to Improve Community Resilience, Livelihoods of Around 3,000 Villages in Myanmar

ADB announced it has approved a new USD 195 million financing package for a project that will develop climate-resilient and market-oriented infrastructure and livelihoods in 2,942 villages in Myanmar’s Ayeyarwady, Chin, Sagaing, and Tanintharyi sta

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