Myanmar Receives 16 Proposals for New Yangon City Project

YANGON — Myanmar says it has received 16 proposals from nine countries, including Japan, Singapore, Italy, Spain and France, to compete against a Chinese company’s proposal for the New Yangon City project, which is part of China’s Belt and Road Initiative (BRI). On Saturday, the Ministry of Investment and Foreign Economic Relations said 16 consortiums […]

Myanmar:Kyobo Life receives green light to start ops next year

Kyobo Life Insurance will be able to start selling insurance products in Myanmar by the end of next year after receiving business approval from the Myanmar government. Kyobo Life Insurance will be the first Korean life insurance company to enter the country after Myanmar’s local government started allowing foreign insurance companies to enter its local […]