DESPITE the ongoing Rakhine crisis and intensification of conflicts that may impact on the performance of the tourism sector and investor sentiment, Myanmar’s economy is slowly picking up speed and regaining stability after a volatile 2018, and that could continue if the country invests wisely and inclusively, says a new report by the World Bank. […]
Read MoreAround one year after allowing foreign investors to register and participate in the domestic retail and wholesale sector in May 2018, the Ministry of Commerce (MOC) has so far permitted nine wholly foreign retail and wholesale providers to operate in the country. These include investors from Japan, Thailand, US, Singapore and the Netherlands. The new […]
Read MoreDespite launching new international routes and enjoying higher passenger load factors, Myanmar National Airlines (MNA) is still in the red. This is now prompting calls for an overhaul of its cost structure and a plan to upgrade existing infrastructure such as the airline’s payment systems, moves that may well give the airline a second lease […]
Read MoreWith more people in Myanmar getting used to using mobile applications in their day-to-day activities, Grab Holdings Inc is fully confident that it will enjoy a healthier growth in the months to come, according to Cindy Toh, Grab’s country head for Myanmar. Toh said in an interview with The Nation that the Singapore-based ride-hailing giant […]
Read MoreMyanmar will be exporting recycled plastic pellets to China under a new agreement, according to an industry body. Arrangements are underway to export the plastic pellets, which are made from melting the old plastic materials, to China, said U Soe Min, acting chair of Recycling Subcommittee which is affiliated to Myanmar Plastic Entrepreneurs Association. Plastic […]
Read MoreThe first Myanmar Business Environment Index (MBEI) has been published by the Asia Foundation, with the support of the UK’s Department for International Development. The index is based on a nationwide survey of 4874 firms – many of which are small and medium-sized enterprises – in services and manufacturing sectors and represents the voice of private […]
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