The government has made no obstacle for foreign investments in the mining sector in Myanmar, but permission is needed from the Ministry of Mining if one desires to do business in that sector according to Myanmar Investment Commission (MIC). “We allow foreign investments in the mining sector, but we don’t give any subsidies in that […]
€1.3 Million Worth Pearls to be on Display at Exhibition
June 10, 2016 by
More than 100,000 pearls worth €1.3 million will be displayed and sold by Myanma Pearl Enterprise in the 53rd Myanmar Jade, Gems and Pearls Emporium this month. The exhibition will be held at Maniyadanar Jade Hall in the capital Naypyitaw from June 24 to 26. Approximately 250 series of pearls will be displayed in the […]
Foreign traders attend first pearl sale
December 29, 2015 by
Foreign merchants have been invited to attend a pearl sale in Nay Pyi Daw for the first time, as Myanmar becomes better known in the international pearl market. The 34th pearl sale is being held at the Mani Yadana Gems Hall from December 22 to 24, with Chinese and Japanese traders rubbing shoulders with local […]
China Wanbao to double investment on copper mine
August 3, 2013 by
Despite an amended agreement allocating the company a lower percentage of mining profits, Wanbao’s general manager in Myanmar Geng Yi said that the Chinese firm will double its investment on the project to a sum of up to US$997 million. “We have invested $600 million to date,” he said, “and we will up to $997 […]
