Xi Jinping will visit Myanmar amid soaring trade
At the time of publishing, Chinese president Xi Jinping’s first visit to Myanmar in 19 years will be only one day away. His visit will not only mark the 70th anniversary of diplomatic relations between the two countries, it will also mark a hig
Solar powers up with potential new contracts
Amid a push for new power sources, the Ministry of Electricity and Energy (MOEE) has announced talks with two companies for potential solar contracts. According to a press release, MOEE officials met with executives from Victory Radiance Trading Co L
Embassy quashes rumors of Korean exodus
The Embassy of the Republic of Korea has officially denied rumors of a mass exodus of Korean businesses from Myanmar. The embassy issued a statement that emphasized South Korea’s commitment to investing in Myanmar. It also claimed that it had not h
Rumors of Korean business pullout false
A rumor that around 100 Korean businesses will leave Myanmar for Bangladesh is false, said U Thant Sin Lwin, Secretary of the Myanmar Investment Commission (MIC). Speaking to the Myanmar Times, U Thant Sin Lwin dismissed recent reports in Bangladesh
Government seeks to boost mining with new foreign permits
The Myanmar government will soon issue a wave of mining permits to foreign investors as it seeks to revitalize the industry. Starting in 2020, foreign firms will be allowed to explore and mine large-sized tracts of 500,000 acres, according to the Mya
