Weekly Business News from Myanmar

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  Thailand's United Power of Asia Pcl plans to increase electricity-generating capacity in Dawei special economic zone (SEZ)

  Thailand's United Power of Asia Pcl plans to increase electricity-generating capacity in Dawei special economic zone (SEZ)
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  The Central Bank of Myanmar (CBM) starts unrestricted sales of foreign currency at its owned specified rate to help importers hit by exchange rate fluctuations

  The Central Bank of Myanmar (CBM) starts unrestricted sales of foreign currency at its owned specified rate to help importers hit by exchange rate fluctuations
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  A new border crossing point between Kayah State of Myanmar and Thailand's Mae Hong Song Province will open later this year

  A new border crossing point between Kayah State of Myanmar and Thailand's Mae Hong Song Province will open later this year
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  Sumitomo Electric's group company Sutimo Electric (Thailand) Ltd has established a branch in Yangon

  Sumitomo Electric's group company Sutimo Electric (Thailand) Ltd has established a branch in Yangon
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  The Ministry of Commerce to issue import licences online in six months

  The Ministry of Commerce to issue import licences online in six months
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  Directorate of Investment and Company Administration (DICA) invites comment on draft Companies Act

  Directorate of Investment and Company Administration (DICA) invites comment on draft Companies Act
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  Capital goods formed about 40% of Myanmar's imports during 2014-15 fiscal year

  Capital goods formed about 40% of Myanmar's imports during 2014-15 fiscal year
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  Bangkok Bank opens its Yangon branch office with a paid-up capital of USD 200 million

  Bangkok Bank opens its Yangon branch office with a paid-up capital of USD 200 million
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  The Central Bank of Myanmar has allowed domestic currency exchange centres to exchange Kyat for two more foreign currencies (Thai Baht and Malaysian Ringgit)

  The Central Bank of Myanmar has allowed domestic currency exchange centres to exchange Kyat for two more foreign currencies (Thai Baht and Malaysian Ringgit)
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  Foreign Direct Investment (FDI) into Myanmar in 2014-2015 financial year went up to USD 8.1 billion, USD 3 billion more than anticipated

  Foreign direct investment (FDI) into Myanmar has soared to more than $8 billion this fiscal year, $3 billion more than anticipated, owing to increased activity in the energy, manufacturing and telecoms sectors, a senior official said