Myanmar Business Today

Thilawa Fuel Laboratory Opens As Government Crackdown Targets Low Quality Fuel

A laboratory which can test the qual­ity of fuel to inter­national standards has opened at the Thilawa Special Economic Zone as the government aims to crack down on those selling and importing low quality fuel.Keep reading  ...

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  ...

Agricultural Exports Up $315m Since Last Year

Myanmar earned over $2.93 bil­lion from ag­ricultural exports in the last fiscal year, which came to a close at the end of March, up by $315 mil­lion from the year before, new government figures show.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 ...

Companies Act to Be Passed Before End of the Year – DICA

An updated ver­sion of Myanmar’s Companies Act will be brought into law before this end of this year, a senior official from Myanmar’s top invest­ment body has said.Keep reading ...

One Year in, It’s Too Early to Judge the NLD a Failure on the Economy

FDI has fallen, GDP growth has been revised down, but is it fair to say Suu Kyi is failing the economy?Last week, as the NLD’s first year in power came to an end, so too did the finan­cial year, which runs from April 1st through to ...

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 ...

Yangon Parliament Approves Regional Planning Bill

Yangon’s parliament has approved a re­gional planning bill that includes details on plans for ‘satellite town’ projects, peripheral areas of the city earmarked for development to help the city cope with its booming population and an influx of investment.Keep reading  ...

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