Retail business owners are grumbling over shop rental fees in Yangon malls, which they say remain high despite the drop in footfall and demand as a result of COVID-19. “We are all doing business and so it should be give-and-take on both sides. The high rental fees during this time is not convenient for us at […]
Read MoreThe Financial Regulatory Department under the Ministry of Planning, Finance and Industry is in the process of drafting a Credit Guarantee Corporation Law, U Thant Sin, director of the department, told The Myanmar Times. The aim of the law is to support the provision of financing for micro, small, and medium enterprises (MSMEs) by enabling the […]
Read MoreDaw Aung San Suu Kyi’s government is under pressure to scale up its existing stimulus package to mitigate the economic fallout of the COVID-19 outbreak. “The emergency fund is merely a drop in the ocean,” said U Win Shein, director of Yangon-based Capital Legal Counsel, referring to the K100 billion (US$72 million) COVID-19 fund. The […]
Read MoreThai oil and gas company PTT Exploration and Production (PTTEP) will continue to execute its 2020 Economic Plan, which includes work in Myanmar, said Mr Piya Sukhumpanumet, general manager from PTTEP Myanmar Asset. PTTEP is the operator of the Zawtika natural gas project, which includes the development of the Zawtika, Kakonna and Gawthaka gas fields […]
Read MoreThe Central Bank of Myanmar (CBM) and the Ministry of Planning, Finance, and Industry are considering applying for financing options provided by the International Monetary Fund (IMF), CBM governor U Kyaw Kyaw Maung said. The IMF on April 24 held a meeting via teleconference with the ASEAN countries. U Kyaw Kyaw Maung attended and discussed […]
Read MoreThe Myanmar government is set to regulate multi-level marketing (MLM) companies through a new legislation. U Myint Lwin, director general for Department of Consumer Affair, told this newspaper that the draft Direct Selling Law will put forward a regulatory framework for those firms. The department is responsible for the new legislation and the draft law […]
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