Economy and commerce
Myanmar’s giant bank jointly issues credit card with China-based Union Pay International
The local giant bank of Myanmar, Kanbawza Bank (KBZ), introduced its credit card with China-based Union Pay International (UPI) on Tuesday which can be used locally and internationally. Keep reading ...
Value of trade through Muse border trade camp on the decline
The value of trade through the Muse border trade camp was on the decline as of the end of September, it is learnt from the statistics of Trade Department. The value of trade via Muse as of 23rd September in this fiscal year amounted to ...
Power plant tender winner to be announced next week
The Ministry of Electricity and Energy will announce the winners of a tender to build a 300-megawatt power plant in Yangon next week, ministry officials said.The tender was issued in July for a five-year contract to supply 300MW of power to Yangon each day – ...
Myanmar’s 5 growth sectors highlighted
By thiha INFRASTRUCTURE, ICT, agriculture and processing, manufacturing and tourism are highlighted as the most attractive sectors for Thai investors looking to establish a presence in Myanmar. At a seminar hosted yesterday by Bangkok Bank, Nattawin Pongpetrarat, vice chairman of the Thai Business Association of Myanmar, ...
Real estate sector FDI approvals account for bigger share this year
Myanmar’s real estate sector is receiving a far larger share of overall approved foreign direct investment (FDI) so far this fiscal year, according to data from the Directorate of Investment and Company Administration (DICA).As of August 31, real estate had received 15 percent of total ...
French business group seeks trade increase Print
The French Myanmar Chamber of Commerce and Industry is taking a delegation of local firms to France next month, and is planning to a hold a French fair in Yangon later this year as part of efforts to boost trade relations between the two nations.Keep ...
Lifting US sanctions: right or wrong?
Two weeks ago the Obama administration declared that it will drop all remaining economic sanctions imposed on Myanmar. Since 1997, when the sanctions were established as a response to the gross human rights abuses being committed by the country’s ruling junta, they have prevented any ...
No need to seek approval from MIC for investment except for businesses with environmental impact
Investment businesses are no longer required to seek approval from Myanmar Investment Commission (MIC) apart from the businesses needing environmental impact assessments.Those investment businesses can apply for registration at the Directorate of Investment and Company Administration (DICA) branches in the regions and states concerned.Keep reading ...
Natural gas export earned US$1.2billion
The export of natural gas as of 9th September in this fiscal year 2016-2017 fetched only US$1.2billion, a slump of US$770million when compared to the similar period of the last fiscal year, it is learnt from the Ministry of Commerce.The export value of natural gas ...
Obama pledges to remove nearly all remaining US economic sanctions
In a move derided by human rights groups, Washington has pledged to fete the progress made by Myanmar’s new government by lifting nearly all remaining economic sanctions.With a fatigued-looking Daw Aung San Suu Kyi at his side, US President Barack Obama yesterday lauded the “good-news ...
