Myanmar’s GDP growth is expected to accelerate to 6.5 percent in 2019-20, supported by public investment leading up to the elections in 2020, after which growth is expected to expand to 6.6pc, according to the World Bank’s April 2019 East Asia and Pacific Economic Update, launched yesterday. However, the economy is projected to slow 6.2 […]
Read MoreEight foreign mining companies have applied for permits to conduct large-scale mining exploration projects in Myanmar, U Ather Hlaing, director of the Department of Geological Survey and Mineral Exploration, told The Myanmar Times. The government has received a total of 1661 applications to operate at large and medium-scale mining blocks since the new Myanmar Mining Law […]
Read MoreThe Ministry of Commerce (MOC) is drafting new trade laws to safeguard local producers while promoting exports of domestically-produced goods, Minister of Commerce U Than Myint said. Due to the lack of investments and technology, Myanmar producers face stiff competition from their regional peers, who are able to manufacture at faster speeds and lower costs […]
Read More(MENAFN) More than USD.87 billion of foreign investments entered Myanmar’s sectors in first half of present fiscal year 2018-2019, according to the statistics from the Directorate of Investment and Company Administration (DICA). As of March 31 in FY 2018-19 which started in October 2018, at least 139 foreign ventures were permitted. Transport and communication sector […]
Read MoreBangkok (VNA) – Thailand and Myanmar have signed a cooperation deal to promote tourism routes connecting ancient cities of the two countries in preparation for a travel boom expected from the Association of Southeast Asian Nations (ASEAN). Thailand’s Designated Areas for Sustainable Tourism Administration (DASTA) recently signed a memorandum of understanding (MoU) with Myanmar authorities to […]
Read MoreLiquefied petroleum gas (LPG) is used much less for cooking in Myanmar than it is in other countries in ASEAN and needs to be promoted, industry officials say. Officials of the World Liquefied Petroleum Gas Association said this during the Myanmar LPG Summit 2019 in Yangon last week. The association represents the full LPG value chain, […]
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