Local companies to build new international port in Ayeyarwady

Local companies to build new international port in Ayeyarwady

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The Irrawaddy reported that Unison Choice Services Limited, a subsidiary of YSX-listed Ever Flow River Group Public Company (EFR) and Ayeyar Hinthar Holdings Co., Ltd (AHH) have formed a joint venture to implement the Ayeyarwady International Industr

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Decision on major development in Kyaukphyu to be made soon

China to invest USD 30 billion in industrial zone

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As briefly reported in our highlights last week, a Chinese company and several Myanmar partners will invest USD 30 billion in an industrial zone contained within the Kyaukphyu Special Economic Zone on Myanmar’s west coast. Speaking to parliament, D

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KBZ Bank sues Yangon port for USD 220 million

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KBZ Bank has filed suit against the owner of Myanmar Industrial Port over what could be the largest loan default in Myanmar history. KBZ is suing tycoon U Ko Ko Htoo and his company for unpaid debt totaling more than USD 220 million, reported Frontie

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