Business / Trade


US President Obama’s recent announcement lifting all sanctions on Burma has been welcomed by many in the country’s business community, including those in the gems industry.

(more…)

Foreign investment policy will be announced this month after President Htin Kyaw passes a revamped Myanmar Investment Law, according to secretary of the Myanmar Investment Commission (MIC) U Aung Naing Oo.

(more…)

A UK Government-supported programme, to strengthen the development of a modern, dynamic oil and gas sector in Myanmar, is to be launched later this month, according to a joint press release from the British Embassy in Yangon and Aberdeen International Associates (AIA).

(more…)

Now that Washington has lifted all remaining sanctions on Myanmar, about 100 Myanmar companies and individuals can start making business deals with U.S. corporations.

(more…)

THE ANNUAL Asian Forum for Corporate Social Responsibility, hosted in Myanmar last week, brought together corporate leaders, NGOs workers, academics and government officials to discuss the topic over three days.

(more…)

Burma’s trade deficit has reached US$1.73 billion in the National League for Democracy government’s first six months, beginning in April, significantly lower than the $2.24 billion deficit reached over the same six-month period last year.

(more…)

Kanbawza Bank (KBZ Bank), Myanmar’s largest private bank, has opened a representative office in Singapore as part of efforts to expand its footprint into Southeast Asia. It already has an overseas base in Thailand and intends to open another representative office in Malaysia by the end of December.

(more…)

The government has approved a bill on the Myanmar Investment Law, which is aimed at promoting foreign investment, state media reported on 6 September.

(more…)

Myanma Posts and Telecommunications plans to have 230 stores by spring 2018, an 80% increase, as Myanmar’s largest telecom operator faces tougher competition from the entry of new foreign companies.

(more…)

The Ministry of Information announced on Thursday that 42 companies have been included in the initial content provider list to work under the state-owned Myanmar Radio and Television (MRTV).

(more…)

Aung San Suu Kyi has made considerable political progress in the six months since she became Myanmar’s de facto leader. She has struck a more conciliatory tone with the military and secured a U.S. commitment to lift remaining sanctions. When it comes to steering the domestic economy, however, it has been slow going.

(more…)

The new Myanmar Investment Law will take effect in the near future to promote foreign investment, Myanmar Investment Commission (MIC) announced Wednesday.

(more…)

The nascent banking industry in Myanmar is expected to undergo intense transformations, where the sector is likely to create 120,000 more jobs by 2025.

(more…)

Growth in developing East Asia and Pacific, including Myanmar, is expected to remain resilient over the next three years, according to a new World Bank report out on October 4.

(more…)

The Central Bank of Myanmar (CBM) has granted a joint venture company the first mobile financial service license, the bank announced Wednesday.

(more…)

Local mobile payment companies are gearing up to extend their payment services overseas after the Bank of Thailand eased foreign exchange rules.

(more…)

Burma’s Central Bank announced on Monday that it would take action against those manipulating the dollar exchange rate and “playing the market” as the kyat experiences a significant decrease in value.

(more…)

Myanmar is high on the list of priorities for Denmark when it comes to the labour market. This was the message from Danish Employment Minister Jorn Neergaard Larsen on his recent visit.

(more…)

Burma’s Central Bank has granted the country’s first mobile financial services license to Wave Money, a mobile money-transfer joint venture between Norway’s Telenor, Burma’s Yoma Bank and First Myanmar Investment.

(more…)

Heading into 2016, Myanmar was on pace to truly become the democratic Cinderella story of our time. After half a century of despotic military rule, it seemed as though dramatic reforms were taking place on a daily basis, from the signing of the first national ceasefire agreement in October 2015 to the first relatively free election a month later. While very positive steps have been taken, huge blind spots in the democracy still exist, particularly concerning the military’s influence in decision making.

(more…)

« Previous PageNext Page »