Development o f Hpa-An Industrial Zone, Kayin State, has been slow to take off because some developers have failed to make progress on developing the zones, said U Soe Hlaing, Kayin State Electricity and Industrial Minister. “There are some buyers who have purchased land within the industrial zone for speculation purposes and not for development. […]
Read MoreThe Central Bank of Myanmar (CBM) has issued a license to Myanmar Credit Bureau Limited, allowing it establish a credit bureau in the country, according to a May 17 CBM announcement. Myanmar Credit Bureau, a joint venture between the Myanmar Bank Association and Singapore’s Asian Credit Bureau Holdings, will collect information on loan repayment histories […]
Read MoreAlibaba group has established a foothold in Myanmar following the acquisition of Daraz Group, the Pakistani online shopping platform which operates Myanmar e-commerce site shop.com.mm. The move could be the start of a slew of investments in the country by the Chinese Internet giant as well as other rival businesses. It also came just a week […]
Read MoreA lack of economic reform, direction and strategy by Myanmar’s leaders is resulting in a draining of young talent from the country, said U Myint, economist and former chief adviser to the president, during the launch of the World Bank’s report, Myanmar Economic Monitor, on May 17. Among the key findings of this year’s report […]
Read MoreThe Ministry of Construction (MOC) is inviting the private sector to submit Expressions of Interest (EOI) to participate in the construction of an elevated four-lane ring road in Yangon. The MOC on May 18 invited both local and international companies interested in designing, engineering, financing, constructing, operating and maintaining the proposed expressway under a Public […]
Read MoreGIVEN THE government’s efforts to accelerate reforms and to modernise the financial sector, Myanmar’s economy is projected to increase to 6.7 per cent next year, according to Ellen Goldstein, World Bank director for Myanmar, Cambodia, and Laos. She said at the launch of the latest Myanmar Economic Monitor on Thursday that the medium term outlook […]
Read More
Thailand
