Businesses in Myanmar are concerned about infrastructure quality and skilled labour availability, the latest report on private sector economic governance reveals. The Asia Foundation has published the Myanmar Business Environment Index 2019 (MBEI), with support from the UK’s Department for International Development (DFID) through the DaNa Facility. The report is a diagnostic tool for […]
Read MoreThe Ministry of Commerce (MOC) will now allow foreign and joint venture companies to export specific food and commodity items, according to Notification 24/2019 released on June 6. Foreign companies with recommendations from relevant ministries can buy the commodities from local producers will be issued licenses to export the goods. The aim is to raise […]
Read MoreThe government will allow trees grown in plantations owned by the private sector and state-owned companies to be harvested for their timber and exported. Myanmar Timber Enterprisegeneral manager U NyiNyi Tun confirmed to reporters on June 11 in Nay Pyi Taw that the government has decided to ease restrictions on exports for these timber sources […]
Read MoreVietnam’s largest private conglomerate Vingroup began selling its Vsmart phones in Myanmar Wednesday as part of its global expansion strategy. Four Vsmart phone models will be distributed through 1,500 stores of Myanmar’s major electronics retailer Strong Source, Vingroup said in a statement. The company will also cooperate with two online retailers: Mytel, a subsidiary of […]
Read MoreMyanmar manufactures 10 billion cigarettes every year, and the government should increase cigarette tax as the tax revenue is the lowest among the ASEAN countries, Dr. Than Sein, the President of Public Health Foundation told the media after the ceremony to mark the World No Tobacco Day in Taw win Garden Hotel in Yangon on […]
Read MoreYANGON, May 30 (Xinhua) — Myanmar Investment Commission (MIC) on Thursday permitted six investment projects from both home and abroad, according to the Directorate of Investment and Company Administration (DICA). The commission’s meeting led by Chairman U Thaung Tun approved six projects worth 28.62 million U.S. dollars and 106.4 billion kyats (69.6 million U.S. dollars). […]
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