Economy and commerce
Trade Between Myanmar and Middle East Tops $300m
Total trade between Myanmar and Middle Eastern countries reached $332.874 million in the first 10 months of this fiscal year, 2016-2017, official media reported.Keep reading ...
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 ...
Trade between Myanmar, Middle East reaches over 300 million USD in past 10 months to January
Total trade value between Myanmar and Middle East countries reached 332.874 million US dollars in the first 10 months of this fiscal year 2016-2017 as of January, official media reported Sunday.Keep reading ...
Fiscal year 2017-18 will dawn with new economic policies and priorities
The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell ...
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 ...
Myanmar- Thai Border Trade Rises $200m
Myanmar’s border trade with Thailand increased by about $200 million in the current fiscal year 2016-2017 as of March 3rd, as compared with the same period of the last fiscal year, official media reported last Thursday.Keep reading ...
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 ...
Total Trade Hits $25.8bn, Boosted by Booming Private Sector
The total volume of international trade has reached more than $25.8 billion for this fiscal year, $480 million more than last year, according to the Ministry of Commerce.Overall trade volume at March 13th this fiscal year totalled almost $25.8 billion, while up until March 3rd ...
New economic zones planned
The Ministry of Planning and Finance is carrying out plans for new economic zones and special economic zones as the quality of existing industrial zones is mediocre and upgrading them is difficult, state media reported on 20 March.Keep reading ...
