Sagaing Region government is signed MoUs to produce electricity from biomass and sugar in the region during Invest Myanmar Summit 2019 held at Nay Pyi Taw, sources said. “We signed a first phase of project which worth US$200 million to produce sugar. The overall project will cost US$350 million. It will be a joint-ventured business […]

Ministry of Electricity & Energy: Myanma Oil and Gas Enterprise- Invitation for Open Tender

Hainan Airlines, China’s fourth largest airline, on Sunday began providing direct flights from Yangon to the south-western port city of Chongqing. The airline is the 32nd international airline to operate in Yangon, according to a statement from the Yangon Aerodome Co Ltd (YACL). Hainan Airlines will fly the Yangon-Chonqing route four times a week using […]

The Central Bank of Myanmar (CBM) officially introduced Japanese yen and Chinese yuan as settlement options for banks in cross border payments and transfers. With the aim of facilitating border trade, the CBM’s January 30 directive permits banks with Authorised Dealer licenses for foreign exchange to open yen and yuan accounts and settle trades in […]

Following its substantial growth last year, Grab, a Singapore-based technology firm providing the most popular ride-hailing service in Myanmar, recently announced its plans for expansion in the market, according to Alvin Loh, acting country manager of Grab Myanmar. Loh takes the pride in saying that Grab Myanmar enjoyed 300 percent growth in terms of daily […]