Chinese automakers move into Myanmar to battle Japanese rivals

Reuters YANGON — Chinese automakers are ramping up local production in Myanmar as they go head to head with dominant and entrenched Japanese rivals in the fast-growing market. There was a fivefold increase in the number of new cars sold in Myanmar in the three years to 2019, when sales hit 21,916, according to data […]

Myanmar’s Military Donates Wages to COVID-19 Fight

Naypyitaw — Myanmar’s commander-in-chief Senior General Min Aung Hlaing and his armed forces say they have collectively donated over 2.245 billion kyats (US$1.6 million) to be used in the prevention, control and treatment of COVID-19. The amount included a month’s salary of Senior General Min Aung Hlaing and other senior officers and a day’s wages […]

US development fund providing micro lending to small farmers

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $8 million to Proximity Finance to support expanded micro lending to rural borrowers, primarily smallholder farmers, in Myanmar. OPIC Chief of Staff Eric Jones and Proximity Designs CEO Jim Taylor, and Proximity Finance Head of Finance Sein Nwe Oo signed the […]

Myanmar repatriates suspected remains of US WWII servicemen

U.S. military guard of honor carry a coffin covered with U.S. national flag during a repatriation ceremony at Mandalay International Airport Thursday, March 12, 2020, in Mandalay, central Myanmar. The U.S. military has repatriated what may be the remains of service personnel who were lost in action during World War II. The U.S. Embassy said […]