GIVEN THE RISING need for power in Myanmar, the government has intensified a five-year project to provide electricity to rural areas by using off-grid solutions including solar and wind energy. Khant Zaw, director general at the Department of Rural Development (DRD), said recently that US$90 million would be spent to implement off-grid projects between 2016 […]
Read More2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC). The pace of […]
Read MoreAfter a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]
Read More2017 was an eventful year for Myanmar, with the economy charting major developments that brought in approved foreign direct investments (FDI) of around $4.5 billion between April and November, created thousands of jobs for locals and propelled larger segments of the population into the middle-class. These included opening up the taxi industry to foreign ride-hailing […]
Read MoreSET-listed Major Cineplex Group Plc, operator of the country’s largest cinema chain, is set to expand into Myanmar next year to help boost revenue. After the successful expansion in Laos and Cambodia this year, Major Cineplex is planning to expand its cinemas to Myanmar next year, according to chairman Vicha Poolvaraluck. The company’s cinema expansion […]
Read MoreAlmost daily, trucks piled full of China-made goods ply the Muse-Mandalay highway, bound for markets located across the Mandalay Region. They include a dizzying array of products, including food, clothes, tools, vehicles and machinery. Because Chinese goods are cheaper compared to goods manufactured locally, demand from consumers in Mandalay has been on the rise. On […]
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