|QNET Director Mr Krishna Kumar, (L) signs the agreement with local partner, QNET Agent U Kyi Min Han (R) on March 9, 2015. Photo: QNET|
Asian company QNET, part of an estimated US$178 billion [K178,000 billion] global direct selling industry, has entered the direct selling sector in Myanmar and has set up an office in Yangon, according to a press release from the company on March 10.
|The Kyaiktiyo Pagoda or Golden Rock in Mon State on November 7, 2014. Photo: Hong Sar/Mizzima|
A Korean company is aiming to build and operate the first cable car in Mount Kyaiktiyo in Mon State next year, according to The Korea Herald on February 23.
20 Feb Kandawgyi Lake site
US group unveils plans for $157m Yangon hotel project
|Wyndham Grand Yangon Royal Lake Hotel will be built next to Kandawgi Lake in Yangon. Photo: Thawn/Mizzima|
A hotel group based in the United States has unveiled plans for a US$157 million mixed-use development on Yangon’s Kandawgyi Lake, business news website Octa Finance reported on February 19.
|Over 800 international and local business leaders, policymakers, financiers and economists attend the Myanmar Global Investment Forum at the Myanmar International Convention Centre Two in Nay Pyi Twa, Myanmar on September 16, 2014. Photo: Hein Htet/Mizzima|
Amid human rights concerns linked to the investment surge in Myanmar, too few companies publicly discuss their human rights policies and due diligence efforts, according to the findings of the Business & Human Rights Resource Centre on February 17.
|Participants at the recent workshop run by UK Trade & Investment Burma on 'Social Investment in the Extractive Industry'. Photo: Foreign Office news on Burma|
UK Trade and Investment Burma and the British Chamber of Commerce are set to host the “Myanmar Investment Summit” in London on February 19 to showcase investment opportunities in Myanmar to British companies and investors.
|Dolphin Geophysical's ship the Polar Marquis during a survey. Photo: Dolphin Geophysical|
Norway-based geosciences firm Dolphin Geophysical has been awarded and signed a contract for 3D data acquisition and processing of 10,000 square kilometres with London-based Ophir Energy in the Rakhine Basin off the coast of Myanmar, according to a report by OE Digital on February 13.