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Myanmar old guard clings to $8b jade empire

Hpakant: Tin Tun picked all night through teetering heaps of rubble to find the palm-sized lump of jade he now holds in his hand. He hopes it will make him a fortune. Its happened before.

Last year I found a stone worth 50 million kyat, he said, trekking past the craters and slag heaps of this notorious jade-mining region in northwest Myanmar. Thats about $50,000 (Dh183,640) and it was more than enough money for Tin Tun, 38, to buy land and build a house in his home village.


Myanmar's Dawei development seeks major investors

ties between a changing Myanmar and its neighbour Thailand have long been important.
However, the co-development of a massive special economic zone on Myanmar's western seaboard will need other investors and may have implications for the entire region.


Myanmar approves Ks 425 billion for new construction projects

The Myanmar government has approved Ks 425 billion (US$ 438 million) to be used for three construction projects in Yangon, sources say.
The projects will be implemented over three years, with half of the profits from each project to be shared with Yangon City Development Committee (YCDC).


New showrooms race ahead as old car dealers go bust

New import laws in Burma have led to a drop in car prices that has made cars affordable for ordinary people.
One of the most noticeable changes in the country over the past two years is the staggering number of new cars to hit the streets as the country undergoes political and economic reforms.


Myanmar offers huge biz: Exim Bank

The twin factors of traditional goodwill for India and the increasing focus on promoting trade among neighbouring countries will give a boost to bilateral trade between India and Myanmar, according to the executive director of Exim Bank of India (Exim India) David Rasquinha.


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