Myanmar to use Indian bank loans for development

Myanmar will implement several projects with loans from the Export-Import Bank of India according to a government report.

The Export-Import Bank of India (EXIM Bank) has provided loans of up to US$ 500 million which will be used on infrastructure projects including communications and transport. Details were released in the Myanmar government’s 2013-2014 fiscal year report. 

Tourism industry will play an important role

If the implementation of reform process continues, tourism industry will play the major role of the country’s furture economy, creating job opportunities for Myanmar people, according to the experts. 

Ecotourism zone, hotel zone and religious zone to build in Mon State

Ecotourism zone, heritage zone and hotel zone will be established in the Mottama mountain ranges in Mon State, according to Dr. Min Nwe Soe of the Mon State Minister on June 11.

Coca-Cola to expand Myanmar factory in 2013

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Giant soft-drink producer Coca-Cola, which recently re-entered Myanmar, is planning to expand the production lines in its Myanmar factory before the end of this year, said Aung Win, Commercial Director of Pinya Manufacturing Co. Ltd.

KIA Motors to open new showrooms in Myanmar

South Korea based KIA Motors will open two new showrooms in Mandalay and Nay Pyi Taw, according the director of authorized dealer, Super Seven Star Motors Industry (SSS).