Myanmar foreign debt now totals US$10.2 billion
Myanmar ended the 2017-2018 fiscal year with US$10.2 billion in foreign debt, the Joint Public Accounts Committee reported to the Union Parliament. That is an 11.5% rise from the previous fiscal year. According to the committee, China is Myanmar̵
Plant in Mandalay to produce first Chinese cars
A new plant near Mandalay is poised to build the first Myanmar-made Chinese cars by Gold AYA Motor International. According to a report by the Myanmar Times, the subsidiary of the Chinese Shining Star Group of Companies, invested around USD 30 millio
Myanmar Airways International (MAI) opens Hangzhou routes
Myanmar Airways International (MAI) has opened separate routes from Yangon and Mandalay to Hangzhou, in China’s Zhejiang Province. According to an article in the Myanmar Times, it is the latest in a long list of expanded connections between the two
Metal refinery to open in Kayah State
A Myanmar and China joint venture has been granted permission to build a USD 50 million metal refinery in Loikaw, the capital of Kayah State. According to an article in the Myanmar Times, the Directorate of Investment and Company Administration (DICA
Spring Airlines begins new route between Yangon and Shanghai
Chinese carrier Spring Airlines has started operating the route between Yangon and Shanghai. The flights started earlier this week, according to an article in the Myanmar Times. The flight will depart four times a week, using an Airbus 320 aircraft w
