The Consumer Price Index (CPI) recorded a slight decline of 0.12 per cent in March, compared with February, on account of the high prices of tobacco, liquor, food items, and costs in the transport and communication sectors, state media reported on 16 April. The CPI slipped slightly in Kayin, Chin, Rakhine and Mon states; the […]
Read MoreThough Myanmar has liberalised some policies in recent years to attract more foreign direct investment, its FDI regulations are more restrictive than in most peer economies in Southeast Asia, according to the Asian Development Bank’s new report on the regional economy launched on April 11. Yumiko Tamura, principal country specialist at ADB Myanmar Resident Mission, […]
Read MoreState-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line with […]
Read MoreDespite an urgent need for storage facilities across Myanmar, there are still numerous empty warehouses at vacated industrial sites. At the same time, outdated regulations prohibiting construction of modern warehouses at industrial zones should be reformed immediately, said U Aye Thaung, chair of Shwe Lin Ban industrial zone. “In other countries, services that support the […]
Read MoreLast year, U Kyaw Win, the planning and finance minister, proclaimed that Myanmar’s economy is like a plane at full throttledown the runway, ready to take off. “Myanmar is like a plane running on the runway in 2016, but it is ready to take off in 2017.We will prevent [tackle] the monopoly which has persisted […]
Read MoreWith the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern developments in the sector, as this will draw much needed foreign direct investments (FDI). This includes the construction of new industrial zones. “Presently, management […]
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