Myanmar expects to attract more investment as manufacturers seeking to relocate production from China to skirt US tariffs encounter capacity constraints in Vietnam. Myanmar aims to woo a total of US$5.8 billion in foreign direct investment this year and cut back the red tape that deters some companies, according to a senior government official, Aung Naing […]

With gold prices sliding in the global market, the price of gold has plunged below K1.2 million per tical (0.578 ounces or, 0.016 kilograms) in the domestic market for the first time since 7 August, according to gold traders. In early September, the price of pure gold crossed K1.3 million per tical in the domestic market, […]

The government will light another 4000 villages across the country in the second phase of its electrification plan, said U Thura Aung Ko, chief engineer and project manager of the Ministry of Electricity and Energy. The agency has begun inviting tenders to supply equipment for the project. Construction tenders have not yet invited. The second […]