UEC threatens parties spreading espionage rumors
A group of opposition parties have spoken out against a threat by the Union Election Commission (UEC) to disqualify those who criticize it for accepting equipment from a foreign aid organization. Twenty political parties, including the military-backe
Westin to open its first hotel in Myanmar
Global hospitality giant Mariott International will open the first of its Westin Hotels & Resorts located in Yangon in late 2021, the company announced. The 26-story tower will be located within a USD 400 million development project controlled by
Thai developer to build USD 270 million industrial site
Thai developer Amata Group will partner with the Ministry of Construction on a USD 270 million industrial center outside of Yangon. The Myanmar Investment Commission approved the “Yangon Amata Smart Eco City” on October 21st. The site wi
Singaporean steel company to boost Myanmar production
A Singapore-owned steel producer announced plans to ramp up Myanmar production and manufacture the first coated steel products produced in the country. This December, the JFE Meranti Myanmar Co. Ltd. (JMM) will begin producing new products for both e
Ministry of Agriculture proposes loan for rural development
The Myanmar government is weighing a potential loan of USD 185 from the Asian Development Bank (ADB). The loan is aimed to be used for wide-ranging rural development initiatives. U Hla Kyaw, deputy minister for the Ministry of Agriculture, Livestock
