Myanmar Business Network: FMI permitted to run private airline

Myanmar Business Network: FMI permitted to run private airline: The First Myanmar Investment Co.,Ltd. has obtained permit to operate a private airline, said Thein Wai(Mr. Surge Pun), chairman of the company on November ..
FMI nett profit after tax is K 1,200,445,471.FMI continued to engage in the business of investment holding which include investments in financial services sector,automobile sector,real estate sector,agriculture sector and services sector.The investments made by FMI are recorded at cost in ther books of company having a total historic value of K 16,259 million.
FMI's income for the year ended 31st March,2012 was K 1,745 million which was contributed by automobile sector 11%, real estate sector 87% and other income 2% respective.Then FMI can run own airline now.

Myanmar Business Network: Myanmar parliament abrogates three laws, enact for...

Myanmar Business Network: Myanmar parliament abrogates three laws, enact for...: The 5th session of Myanmar's parliament, which ended in Nay Pyi Taw on Thursday, has mainly abrogated three laws and enacted a new foreign i...

Myanmar Business Network: Myanmar invites investment in power projects

Myanmar Business Network: Myanmar invites investment in power projects: Myanmar government has invited both local and foreign businessmen to invest in 22 power projects. The call came after awarding of 67 power...

Myanmar Business Network: US plans to buy Myanmar rice for Iraq

Myanmar Business Network: US plans to buy Myanmar rice for Iraq: The United States is planning to buy rice from Myanmar to be sent to Iraq, Chit Khaing, president of Myanmar Paddy, Producers Association sa...

Myanmar Business Network: Rice federation to spend K14.5b on buffer stock

Myanmar Business Network: Rice federation to spend K14.5b on buffer stock: Myanmar Rice Federation is planning to spend K14.5 billion (about US$17.2 million) to buy buffer stock from the November crop, starting from...

MYANMAR BUSINESS PREVIEW: Myanmar Business Network: Myanmar spends $10.9b on...

MYANMAR BUSINESS PREVIEW: Myanmar Business Network: Myanmar spends $10.9b on...: Myanmar Business Network: Myanmar spends $10.9b on construction projects : Myanmar is spending US$10.94 billion for 24 road and bridge proje...

Myanmar Business Network: New private airline to emerge in Myanmar soon

Myanmar Business Network: New private airline to emerge in Myanmar soon: A new private airline -- Shwe Myanmar Airways will operate its maiden flight in Myanmar in January 2013, aiming at facilitating travelers w...

Myanmar Business Network: Myanmar spends $10.9b on construction projects

Myanmar Business Network: Myanmar spends $10.9b on construction projects: Myanmar is spending US$10.94 billion for 24 road and bridge projects, the Ministry of Construction said. The projects are divided into Uni...

Myanmar Business Network: Myanmar plans to export up to 1.5 million tonnes o...

Myanmar Business Network: Myanmar plans to export up to 1.5 million tonnes o...: Myanmar is planning to export up to 1.5 million tonnes of rice in the 2012-2013 fiscal year, according to the Myanmar Rice Industry Associat...

Myanmar Business Network: Myanmar MPs approve business-friendly investment l...

Myanmar Business Network: Myanmar MPs approve business-friendly investment l...: Myanmar's parliament on Thursday approved a revised, more business-friendly foreign investment bill aimed at boosting the struggling economy...