France keen to invest more in Myanmar, says official

After a pause of eight years, France is going to expand existing investments and make new ones in Myanmar, a senior official of the Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) has revealed. “They have trust in Myanmar. As French organizations have learned there are many prospects here, they are coming to invest […]

Tanintharyi offers good potential for investors: officials

The Tanintharyi Region government is focusing on promoting investment in hotels and tourism, agriculture and livestock, fisheries, power, mining, and real estate to help boost its economy. This was revealed during the Region Investment Forum on December 7. The event organised by the region’s government and the Myanmar Investment Commission comes on the heels of […]

Vietnamese bank steps in to finance local small-scale loans

The Small and Medium Industrial Development Bank (SMIDB) will fund its SME loan program this year through a Vietnamese wholesale loan at half the interest of previous loans from Myanmar state-run banks, officials said. The US$30 million wholesale loan from Bank of Investment and Development of Vietnam (BIDV) at a 4 percent interest rate will […]

Unilever banners in Myanmar used extremist symbol

YANGON, Myanmar — Consumer products giant Unilever scrambled Monday to remove advertising banners from shops in western Myanmar that prominently displayed the symbol of the Buddhist extremist movement blamed for a wave of bloody attacks against minority Muslims. Photos viewed by The Associated Press showed the large green banners stretched over storefronts in the Rakhine […]