The Bank for Investment and Development of Vietnam (BIDV) on Tuesday announced the closing of its representative office in Yangon, Myanmar. According to Myanmar’s laws and regulations, foreign banks are required to shut down their representative offices after establishing a branch in the country. The BIDV’s representative office completed its mission in the market. BIDV established the […]
Read MoreDespite efforts to support the local bean industry after India imposed harsh restrictions on imports from Myanmar, businesses along the entire black bean supply chain have taken a hit and more investments are needed to support ailing farmers. While demand for mung beans and pigeon peas from China, Nepal and Pakistan has been able to […]
Read MoreA local winery fights to repair the reputation of Pyin Oo Lwin’s damson wine. A short drive along the main road from his family-owned winery in Pyin Oo Lwin, Nay Kon Htin recounts the horror of seeing his wine stocked in road-side shops, baking in the sunlight. “You can see at the shops when you pass […]
Read MoreEconomic growth in Myanmar slowed in the 2016-17 fiscal year despite notable reforms and a healthy level of foreign investment commitments, according to the World Bank’s Myanmar Economic Monitor. Over the medium-term, growth may well continue to fall short of expectations as the Rakhine humanitarian crisis continues to unfold. The World Bank has lowered its […]
Read MoreMyanmar’s state-owned pharmaceutical factory intends to export anti-venom serum to Cambodia at the start of 2018, shipping half of its annually produced 100,000 vials to both Laos and the Kingdom, according to a recent release. The factory increased its production from 12,000 vials in 2012 to be able to send stock to fellow Asean countries. […]
Read MoreDemand for rice produced in Myanmar has risen to its highest level in 50 years in the current 2017-18 fiscal year, with rice exports estimated to have increased to 2.5 million-2.8 million tonnes compared to the previous estimate of 2.2 million tonnes, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce. U […]
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Thailand
