Consumers in Myanmar are reaching deeper into their wallets for beauty products and cosmetics. As incomes and exposure to the internet rise, many have also opted for famous, higher-end beauty brands such as Revlon, Maybelline and L’Oreal from Europe as well as Asian brands like Kose and Shiseido in recent years. “More women prefer branded […]
Read MoreNegotiations between the two governments are still ongoing with regards to the price at which Myanmar will sell its pulse and bean produce to India going forward. Under those negotiations, the Myanmar government is pushing to export its pulses and beans at the prevailing market prices, whereas the Indian government wants prices to be fixed […]
Read MoreStarting from March 2018, more than 3000 items will be included in the Export Negative List, implying that export licenses must be applied for them before they are exported, according to the Ministry of Commerce (MOC). The MOC’s notification (9/2018) will come into effect starting March 1, 2018. Its objective is to maintain food security […]
Read MoreFIVE YEARS after Myanmar’s liberalisation of the telecommunications sector, the nation has now over 50 million mobile subscribers, a figure that almost encompasses its total population, and is set for adoption of digital economy with the help of industry leaders worldwide. Myo Swe, deputy director general at the Posts and Telecommunications Department, said earlier that […]
Read MoreMyanmar will aim to enact its first E- Commerce Law as part of its efforts to meet the goals set by the ASEAN Economic Community (AEC), U Toe Aung Myint, secretary of the Ministry of Commerce (MOC), said during an AEC 2025 workshop in Yangon Wednesday. ASEAN members are targeting having an AEC that is […]
Read MoreOnly capital investments in commercial livestock farming exceeding $5 million or K6 billion will require approval from the Ministry of Agriculture, Livestock and Irrigation, according to the Myanmar Investment Commission on Wednesday. Investments in commercial livestock farming below $5 million will no longer require government approval. Investments in livestock and fisheries, which include those in […]
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