Hong Kong’s new chief executive will fly to ASEAN tomorrow, in her first official overseas visit as leader. Earlier, the city’s minister said that the ASEAN-HK Free Trade Agreement negotiations are expected to conclude by year-end, and that the city will pursue closer ties with ASEAN to echo China’s Belt and Road Initiative (BRI). Businesses […]
Read MoreMyanmar will gain financially from the China-Myanmar crude oil pipeline, which began operations in early April after the two countries signed an agreement for the transport of crude oil, said officials. The crude oil transport agreement was signed on April 10 in Beijing during president U Htin Kyaw’s state visit to China. Now, imported crude oil […]
Read MoreThe Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and State investment committees have been given […]
Read MoreEconomic growth in Myanmar has slowed and the country’s fiscal and current account deficits have swelled over the past 2 years under the National League for Democracy government. But things are stabilising and the long term prospects look good, Sean Turnell, Senior Economic Advisor to the government, said at the MyanmarBanking & Payments Conference in Yangon on July 24. While growth […]
Read MoreGOLD traders from across the country debated how the industry should set up a gold exchange in a meeting held in Yangon last week. The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and […]
Read MoreThe country is opening up its economy to foreign investors. To do so, it is introducing the Myanmar Companies Bill, extending credit and lifting bans to raise confidence in its economy. The latest draft of the Myanmar Companies Bill was submitted to the Amyotha Hluttaw by Deputy Minister for Planning and Finance U Maung Maung Win on July 20. […]
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