Many business organisations in Myanmar have lodged objections against improving daily wages as approved by the National Committee for Designating Minimum Wage earฌlier this month. The committee has decided to set the minimum wage at 4,800 kyat, a 33 per cent increase from the current rate of 3,600 kyat. All businesses with 10 or more […]
Read MoreThe year 2017 elicited mixed market opinions while this year is expected to experience growth in the office market and industrial market, a real estate research firm suggested. Yangon, coming from a low supply base, remains in a nascent stage of property development, and that fluctuation in rates is a commonplace occurrence, according to Tony Picon, […]
Read MoreU Aung Htun, MD of Myanmar Investments International, discusses how investors should view Asia’s last frontier. U Aung Htun, managing director of London-listed Myanmar Investments International (MIL), believes in the long term investment potential inherent in Myanmar. “This is a market where every type of infrastructure needs to be improved. Power and transport are important […]
Read MoreThailand’s border trade is expected to grow 10-14 percent this year from an estimated 1.6 trillion baht in 2017, driven by growing demand for Thai goods, underlining the importance of partnerships on trade and investment as well as working to improve trade with minor cities in neighbouring countries. Adul Chotinisakorn, deputy director–general of the Foreign […]
Read MoreA rising number of start-ups as well as small and medium enterprises (SMEs) are emerging in Myanmar as business opportunities rise. However, many companies fail to achieve their full potential and contribute substantially to the economy because capital assistance is lacking in the country. In Myanmar, banks require collateral in the form of property before […]
Read MoreRice prices in Maungdaw township, Rakhine State, have fallen this year, according to merchants and residents from the region. The change in price is due to decrease in demand. Bangladesh, which borders Myanmar, is having a decent yield this year and Yangon-based traders have decided to directly export rice to import rice from there. Hence the demand for Maungdaw […]
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