One-stop service for investors has arrived. Investors who had to grapple with red tape in five or more separate ministries can now get everything done at the new Directorate of Investment and Company Administration (DICA).
Domestic banks are preparing for joint ventures with foreign lenders, several banks reported last week, even though they will not be allowed until the Central Bank of Myanmar is made independent.
The long wait is over, at least for drivers using one of Yangon’s many bottleneck junctions. As of 6am on April 10, after a 13-month period of construction, constriction and congestion, the Hledan overpass finally opened to traffic.
The annual building season in Mandalay may be slowing down as the monsoon approaches but the battle to be the nation’s number one cement is heating up, with new brands challenging more established products in the fight for market share.
Rigid lending practices are driving down produce prices and costing farmers money, they say.
Representatives of the Palaung ethnic group in Shan State have asked the government to halt work on the Myanmar-China oil and gas pipeline project, which they say is negatively affecting their communities.