The International Financial Corporation (IFC) has handed over the secretariat of the Myanmar Business Forum (MBF) to the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), according to a press release from the IFC released on July 27. The UMFCCI will continue to take forward the mission of facilitating public-private dialogue. The MBF […]
Read MoreThe second Greater Mekong Subregion Agriculture Ministers Meeting will be held in Siem Reap province early next month, with agro-food products, exploring new markets for agricultural products and solving issues in the sector expected to be high on the agenda. The meeting of agriculture ministers will be held from September 6 to 8 in Siem […]
Read MoreNegotiations over an agreement on investment promotion and protection between Myanmar and Singapore have started, according to Directorate of Investment and Company Administration (DICA) Director General U Aung Naing Oo. “During the last 4 or 5 years, Singapore has been the top investor in Myanmar and thus it is a country with which we have […]
Read MoreThe government’s national policy on housing will take into account the country’s urbanisation and urban migration. Myanmar’s commercial capital will need 1.07 million housing units by 2040 and the entire country will require an additional 4.8 million units by then, according to an official from the Ministry of Construction. The whole country will need 4.8 […]
Read MoreForeign direct investments (FDI) in labour-intensive activities such as garment exports should be actively promoted from China and elsewhere in order to facilitate Myanmar’s economic transformation, according to the latest briefing paper published by a UK-based think tank. The study called for an expansion of training in the garments sector to tackle shortages of high-level […]
Read MoreLast September, amid an alarming rise in the number of unoccupied hotel rooms in cities like Yangon and Mandalay, the Ministry of Hotels and Tourism (MOHT) announced tighter controls on the development of new hotels in congested areas. Occupancy rates in Myanmar last year were under 40 per cent during the rainy season, according to Bloomberg, quoting figures from the […]
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