Economy and commerce
Investment
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 ...
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 ...
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 ...
Government to Give Investors Equal Rights at New Industrial Zones, Satellite Townships
The government has plans to build new industrial zones and satellite townships across the country, U Kyaw Win, the minister for planning and finance, told an investment conference.Keep reading ...
Changes to Fuel Policy to Level Playing Field – Minister
Myanmar is planning to liberalize policy for foreign retailors in the local fuel sales industry, the minister for finance and planning said.U Kyaw Win told a meeting of investors at Yangon’s Novotel Hotel that “one of the reasons for liberalizing the policy is that there ...
Regions and States Now Able to Green Light Business Proposals up to $5m
State and regional investment commissions will be able to grant business proposals of up to $5 million as part of the new investment law.Local investments under K6 billion and foreign investments of less than $5 million will no longer need to go through the Myanmar ...
Formerly Blacklisted Tycoon Says End of Sanctions Has Restored His Dignity
A local tycoon formerly reviled by American diplomats as a ‘crony’ has said the end of US sanctions last year was a “dream come true” for him.U Zaw Zaw, Executive Chairman of Max Myanmar, one of the country’s largest conglomerates, was speaking at a conference ...
Thilawa extends to Zone B
The Thilawa Special Economic Zone (SEZ), involving more than US$ 1 billion investment, will be extended to Zone B and construction of infrastructures will be completed by mid-2018, SEZ Management Committee Chair U Set Aung told the media.Keep reading ...
