Gold prices surge amid banking sector mistrust
Myanmar’s domestic gold prices reached MMK 1.3 million per tical (about 16.33 grams) on September 5th. It has been the highest rate this year. Economic uncertainty and the rising value of the dollar against the kyat are thought to be driving in
South Korea to provide Infrastructure projects loan
Myanmar and South Korea have agreed upon a financing framework that will dole out loans totaling USD 1 billion. The loan will finance a wide range of infrastructure projects. The agreement was signed by Union Minister for Investment and Foreign Econo
China-Myanmar high-speed railway route planned
Myanma Railways has decided on a route for a high speed railway linking Mandalay with Muse on Myanmar’s northern border. It could dramatically increase access between the two countries. The route will begin in Amarapura, just south of Mandalay,
Tanintharyi airport invites tender bids for upgrade project
Myanmar’s Department of Civil Aviation (DCA) put out a request for tender proposals last week to upgrade the Tanintharyi Airport. The aim is to renovate and expand the Kawthaung airport in the southern region of Tanintharyi. The DCA is searchin
Tatmadaw extends ceasefire, bilateral deals expected
The Myanmar armed forces (Tatmadaw) said it will extend its unilateral ceasefire in northern Myanmar, and also expects to sign bilateral deals with ethnic armed groups in the next two months. According to an article in Frontier, the initial ceasefire
