Category: Highlights

Ten firms shortlisted to construct new Yangon highway

The authorities have shortlisted ten local and foreign firms to build a 20-kilometer expressway in Yangon to alleviate traffic congestion and facilitate business, according to a statement by the Ministry of Construction (MOC) released last week.

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Central Bank seen buying dollar

Some have criticized the CBM for attempting to lift the value of the dollar as CBM bought US$ 37.74 million from the market between November 27 and December 6.

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Fuel and gold prices slide on the back of lower dollar exchange rate

An agreement to temporarily suspend any new tariffs on goods traded between the US and China led to lower fuel and gold prices on the back of the sliding value of the US dollar against the Myanmar kyat.

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Project bank to facilitate infrastructure development established

Project Bank of Public Investment Programs to facilitate major project proposals from the States and Regions has been established under the Myanmar Sustainable Development Plan (MSDP).

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Govt to take action against improper trade documentation

The Ministry of Commerce will now be taking action against individuals or companies for improper preparation of export and import documentation.

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Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments.

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