The government on September 24 launched a one-stop service centre (OSSC) to facilitate the import and export of gold and gold jewellery and accessories in Yangon. The move comes after the Ministry of Commerce (MOC) on January 22 announced plans to liberalise the trading of gold in Myanmar. The OSSC, which involves the MOC as […]
Read MoreThe number of public companies in Myanmar has proliferated since former president U Thein Sein’s administration, during which firms were allowed to freely choose between going public and staying private. Between 2012 and 2018, the number rose from just 21 to 331 today. However, the majority of these firms are not at all prepared to […]
Read MoreMyanmar’s economy has taken a beating in recent quarters, with a rising number of companies reporting tougher business conditions and a slowdown in market demand. One of the main reasons is the rising foreign exchange rate. Despite a slew of measures taken by the Central Bank, which included pumping millions of dollars from its reserves […]
Read MoreThe average inflation rate in late August stood at 5.50 per cent, a slight increase compared with 5.02 per cent in late July, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation (CSO). The average inflation rate has increased for five consecutive months. In late August, Mandalay topped the […]
Read MoreRETAILERS will no longer need to bother about logistics and fleet operators or worry about empty runs in Myanmar thanks to an innovative technical solution launched earlier this year, according to Soe Pyae Aung, co-founder and chief operating officer of KoneSi Freight Co. “Logistics costs in Myanmar are among the highest in Southeast Asia, accounting […]
Read MoreThe Yangon Stock Exchange (YSX) will release rules under the new Myanmar Companies Law which could allow foreigners to trade on the local bourse before the end of the year, U Yin Zaw Myo, managing director of the YSX, said yesterday. The rules are currently being drafted together with the Securities and Exchange Commission of […]
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