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Nissan to open Myanmar plant

Japanese automaker Nissan plans to begin producing small cars and trucks in Myanmar with its Malaysian partner as early as this year.

The Nikkei business daily reported on Monday that Nissan Motor and Malaysia's Tan Chong Motor Holdings Bhd will jointly produce several thousand small passenger cars and pickup trucks a year in the Southeast Asian country.

Myanmar has been experiencing sharp growth in demand for cars since it began taking steps toward democracy in 2011, and used Japanese models are especially popular there.

In a bid to tap the market, carmakers have begun moving in, with Japan's Suzuki announcing the restart of production there earlier in the year and Ford saying it would open a showroom.


Myanmar revenue department announces top 100 taxpayers

The Internal Revenue Department announced the list of the top 100 commercial and income tax payers for the 2012-2013 fiscal year on September 14.

Kanbawza Bank Limited stood at the top of the list of 100 income tax payers while Myanmar Brewery Limited was ale first in top 100 commercial tax payers, according to the report.


Yatanarpon Teleport, Epsilon Global Network Team up for Myanmar Businesses

Yatanarpon Teleport and Epsilon Global Networks have entered into an arrangement that will provide data access for businesses in Myanmar. The partnership is part of a trend of reforms in a country that for much of the past 50 years had been ruled by a military junta and was the second-most isolated country next to North Korea.

Also known as Burma, Myanmar is located in Southeast Asia, west of Thailand and east of India, and has a population of about 60 million. Telecommunications had been sparse, according to data from the CIA World Factbook.


CIMOD to provide USD 500000 for Inlay Lake conservation

The International Center for Integrated Mountain Development (ICIMOD) will provide USD 500000 to Myanmar for environmental conservation in catchment areas west of Inlay Lake in Nyaungshwe Township, Shan State.

The announcement was made to Mizzima on September 11, by the Inn Literature and Culture Association.

According to Tha Doe, Executive Project Manager of the Inn Literature and Culture Association, the aid is intended for environmental conservation in the five villages around the Lamaungkway-Taungbohgyi village-tract so that the Inlay Lake can survive longer.


Myanmar's foreign investment hits 43 bln USD by Aug.

YANGON, Sept. 12 (Xinhua) -- Myanmar's contracted foreign investment hit 43.682 billion U.S. dollars in 600 projects as of August this year, local media reported Thursday.

Coming from 32 countries and regions, the investment mainly covers four sectors of electric power, oil and gas, mining and manufacturing.


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