Submitted by Eleven on Sat, 09/22/2018 - 12:13
YANGON- Yangon-Mandalay railroad section that was temporarily closed due to collapse of spillway at the Swa Dam reopened yesterday, according to the Myanmar Railways (MR).
Some railroad sections were damaged after Swa Creek Dam’s floods, which also destroyed the BR-305 Bridge between Swa and Konegyi Stations.
After the renovation and repair tasks were carried out on the BR-305 Bridge, MR conducted a test run on it.
Submitted by Eleven on Sat, 09/22/2018 - 11:06
Myanmar organic green tea leaf export will begin at the end of September. Myanmar has exported fresh green tea leaf to United States since 2015. Myanmar has exported nearly 20 tons of green tea leaf per year. For 2018, 17 tons will be exported.
Submitted by Eleven on Sat, 09/22/2018 - 11:01
Entrepreneurs from Myanmar and Vietnam will cooperate to promote bilateral trade in the years to come as trade relations between the two countries has dropped this year, according to a ceremony to hold the Vietnam and Myanmar Trade and Investment Promotion: Opportunities and Challenges.
Submitted by Eleven on Sat, 09/22/2018 - 11:00
Until mid-September, the total citizen investment has reached over Ks968 billion, down over Ks500 billion compared with the same period last year, according to the Directorate of Investment and Company Administration (DICA).
During the six-month budget period, the total foreign investments hit over US$1.6 billion and the total citizen investment over Ks974 billion, said an offfical of the DICA.
Submitted by Eleven on Fri, 09/21/2018 - 14:53
American coffee franchise Starbucks informed Myanmar Investment Commission (MIC) that they have decided to suspend their investments in Myanmar, according to Director-General Aung Naing Oo of Directorate of Investment and Company Administration (DICA).
Submitted by Eleven on Thu, 09/20/2018 - 16:00
Trade imbalances exist due to current account deficits as imports are much higher than exports. As US dollar has strengthened significantly since the past April and June, many currencies in the world including Myanmar Kyats are becoming weaker. Although that is a global impact, depreciation of Myanmar Kyats is found to be more significant than those of other countries.
Submitted by Eleven on Thu, 09/20/2018 - 13:01
YANGON- With the aim to reduce the traffic jams and to create more job opportunities, Yangon Government Committee discussed about implementation of Elevated Expressway Project with International Finance Corporation (IFC).
The project is expected to start next year, according to Union Minister of State Counsellor’s Office Kyaw Tint Swe.