THE CLMVT (Cambodia, Laos, Myanmar, Vietnam and Thailand) subregion is set for significant growth in internal cooperation and investment in the next decade, said Prime Minister Prayut Chan-o-cha along with trade officials from the five countries. To achieve that, the region’s private and public sectors must work together to enhance economic connectivity between the different […]
Read MoreMyanmar is well-positioned to benefit from the flight of capital to the Asean region as the trade war between China and the US plays out, officials said. ‘’Myanmar is one of the targeted countries for businesses planning to shift out of China to avoid the fallout from the trade war,” Li Fuquan, the Chair of […]
Read MoreLocal gold prices will continue to rise supported by uncertainties such as the US-China trade dispute, volatile stock markets andthe move by major central banks to lower benchmark interest rates. Myanmar Gold Entrepreneur Association chair U Kyaw Win predicts that local gold prices will continue to trend higher from the current K1.1 million per tical […]
Read MoreA recent Vietnamese delegation to Nay Pyi Taw led by the country’s Deputy Prime Minister Mr. Vuong Dinh Hue is hoping to boost investment and trade ties with Myanmar. The delegation, which was in the Union capital on June 16 and June 17 to promote economic cooperation between the two countries, was met by Vice […]
Read MoreJust months after the Yangon government strictly enforced a ban on stores selling foreign liquor, the Ministry of Commerce announced it would come up with draft legislation this year to relax the decades-old ban on alcohol imports. Assistant secretary U Khin Maung Lwin told The Myanmar Times that the ministry is currently drafting a bill allowing the […]
Read MoreGrab has partnered with state-owned Myanma Insurance to launch a group Personal Accident Insurance (PAI) scheme which covers its drivers and passengers in the case of an accident during a GrabTaxi, GrabThoneBane or GrabBike ride. It is the first ride hailing company to procure a group PAI policy in Myanmar, covering four-wheel, three-wheel and two-wheel […]
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