Details: Category: Business; Published on 10 August 2013; Written by Super User; Hits: 1245

A consortium headed by South Korea's Incheon will build a new international airport in Myanmar to help the Southeast Asian country cope with an influx of tourists and business executives, state media said Saturday.

Presidential adviser suggests writing off farmer's debts

Details: Category: Business; Published on 08 August 2013; Written by Super User; Hits: 932

An economic adviser to Myanmar's President has suggested that the government cancel farmers’ debts to help encourage agricultural development and empower the poorer sectors of society.

Dr U Myint, leader of the economic advisory group of President Thein Sein, made the suggestion during a gathering at the 25th anniversary of the 1988 pro-democracy protests held in Yangon on Tuesday.

Government announces allocation of 20 million cubic feet of natural gas to Kyauk Phyu

Details: Category: Business; Published on 01 August 2013; Written by Super User; Hits: 730

The state-run Newspaper New Light of Myanmar reported that Government will allocate only 20 million cubic feet of natural gas per day to Kyauk Phyu in Rakhine State. On completion, the Kyauk Phyu-Kunming natural gas pipeline will transport a total of 500 million cubic feet of gas per day. 400 million cubic feet will be delivered to China and only 100 million cubic feet will be reserved for local use.

International airlines to open direct flights to Myanmar

Details: Category: Business; Published on 02 August 2013; Written by Super User; Hits: 925

Three new international airlines are planning to fly direct to Myanmar starting in September this year, according to an official from Yangon International Airport.

Myanmar to produce 186,650 tons of teak in this year

Details: Category: Business; Published on 30 July 2013; Written by Super User; Hits: 912

Myanmar is planning to produce 186,650 tons of teak during this fiscal year, said Win Tun, Minister for Environmental Conservation and Forestry, at the Parliament session on July 29.