Economy and commerce

Chinese-Funded Port Gives Myanmar a Sinking Feeling

Myanmar’s government wants to sharply reduce the scale of a Chinese-funded port project on the Bay of Bengal that officials say risks saddling the country with unsustainable debt. Keep reading ...

Japanese investors eye retail sector investments in Myanmar

Wholesalers and retailers from Japan, Thailand and South Korea met with the Ministry of Commerce (MOC) to discuss investments in the Myanmar retail sector, said U Yan Naing Tun, director general of the Department of Trade under MOC. Among the companies was Japanese retailer Aeon ...

Singapore FinTech Enables Instant Blockchain Remittance for Myanmar Migrant Workers in Thailand

Everex, a Singapore-based financial technology firm, has partnered with Myanmar’s Shwe Bank to introduce blockchain-Powered remittance Services between Myanmar and Thailand. The blockchain firm claims that the partnership will enable millions of Myanmar migrant workers living in Thailand to send money home instantly and securely at ...

Thai KBank to support Myanmar SMEs

The Thailand-based Kasikornbank (KBank) has received a permission to open a branch in Myanmar, with plans to provide assistance to facilitate bilateral trade, according to KBank vice president Pattanpong Tansomboon.Keep reading ...

Myanmar to Grant Licences for More Types of Insurance ‘Soon’ as Industry Liberalises

Myanmar finance authorities have submitted a pro­posal to the government on seeking permission to grant operation of all types of insurance servic­es to the private sector.Keep reading ...

For the Global Economy, It Doesn’t Get Any Better Than This (It Gets Worse)

For the global economy it doesn’t get any better than this, which is a different way of saying it gets worse.While the International Monetary Fund is calling for a gentle pickup in growth next year, up one tenth of a percentage point to 3.6 percent, ...

Tin Industry to Begin Reporting on Supply Chain Standards

Major tin produc­ers have agreed to begin report­ing on compliance with a new code of conduct start­ing from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new Europe­an rules on responsible sourcing of ore.Keep reading  ...

‘Invest in Steel and Cement’ - Government Calls on Entrepreneurs to Prop Up Hungry Construction Sector

Minister for Planning and Finance U Kyaw Win has called on local entrepreneurs to invest in the cement and steel industry in efforts to meet the demand of the country’s booming construction sector.Keep reading  ...

Finance Ministry Plans to Expand Online Cargo Clearance System

Plans are underway to expand the My­anmar Automatic Cargo Clearance System, a computerised network aimed at speeding up trade at ports and bor­ders, a minister has said.The expansion will start in 2018 and cover trade posts at Myanmar’s land borders, said U Kyaw Win, the ...

Microfinance Firm Hayman Secures $1m Loan as Part of Aggressive Growth Plan

Microfinance lend­er Hayman Cap­ital has secured a $1 million loan from Malaysia’s May Bank as part of an ambitious ex­pansion plan to enlarge its loan portfolio and be­come a market leader.The company said last week that it was hoping to receive the first tranche of ...

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