The Yangon Region Government is planning to construct new industrial zones in 11 townships outside the Yangon, according to U Nay Win, representative of Pyithu Hluttaw in Thongwa township of Yangon region. U Phyo Min Thein, Chief Minister of the Yangon Region Government met representatives of parliament and the departments of relevant ministries to discuss […]
Read MoreThe Myanmar Companies Yearbook, a groundbreaking publication that contains key information about the leading companies in Myanmar, was launched by the FWP Research Co. Ltd in November. The FWP Research, a Tokyo-based research and survey firm, said it published The Myanmar Companies Yearbook (English version) Vol.1,toimprove the transparency of companies in the country. The yearbook […]
Read MoreChinese President Xi Jinping urged Myanmar’s State Counsellor Daw Aung San Suu Kyi to further strengthen and expand economic cooperation between their two countries. President Xi Jinping said their two countries should nurture new growth points, which includes the construction of China-Myanmar economic corridor with the purpose of advancing bilateral relations. Daw Aung San Suu Kyi […]
Read MoreThe Central Bank of Myanmar (CBM) has released a slew of new rules aimed at managing local banks’ exposure to non-performing loans as risks rise in the financial sector. According to a November CBM directive, banks must convert all their outstanding overdrafts as at July 7, 2017, into term loans with a maximum maturity of […]
Read MoreInstead of making tax payments in cash, a more convenient online payment system will be implemented by the state banks early next year, said deputy director general Dr Khine Shwe Whar from the Central Bank of Myanmar (CBM). “This online customer-to-customer transfer (CCT) payment system will start in February 2018,” she said in a meeting […]
Read MoreThe number of small and medium enterprises (SMEs) in Mandalay industry zone has halved, according to U Nay Win, vice chair of Mandalay industry zone management committee U Nay Win. “According to our data, there were over 1,000 SME businesses in 2010 but now in 2017 there remains only over 500.” he said. The number […]
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