Myanmar

March 4, 2020

Purchasing index shows slowdown in Myanmar’s manufacturing

Myanmar’s latest Purchasing Manager’s Index (PMI) figure for manufacturing is indicating that manufacturing businesses are slowing. IHS Markit, a London-based information provider, released its report on Myanmar’s Manufacturing PMI yesterday. The headline IHS Markit Myanmar Manufacturing PMI is a composite single-figure indicator of manufacturing performance. It is derived from indicators for new orders, output, employment, […]

March 2, 2020

Myanmar logistics firm Ever Flow River to list on March 20

Ever Flow River Group Public Co (EFR) has received approval to list on the Yangon Stock Exchange (YSX) on March 20, according to an announcement by the local bourse on February 28. The listing, which will result in the sixth company on the YSX, is in accordance with Section 41(c) of the Securities Exchange Law and […]

March 2, 2020

Business chamber seeks Myanmar govt’s help to handle impact of virus outbreak

The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) is requesting the government step in to help deal with the economic fallout caused by the COVID-19 virus outbreak affecting world trade. A meeting to layout what the government can do to ease the situation was organised by the UMFCCI on February 27. […]

March 2, 2020

Myanmar govt’s spending lagging despite higher tax revenues

Although tax revenues have been increasing yearly in Myanmar, the government’s spending momentum has yet to catch up, said U Maung Maung Win, Deputy Minister of Planning, Finance and Industry. Myanmar deploys just 0.3 percent of total tax revenue compared to 2pm in Vietnam, U Maung Maung Win said in a Hluttaw session on February […]

February 28, 2020

Ten predictions for the Myanmar property market this year

Interest in the Myanmar property market is picking up now that prices have corrected and more affordable options of payment are available. Market observers also believe that continued reforms to the economy as well as implementation of legislation such as the Condominium Law 2016 and Condominium Rules 2017 can help support more interest in property. […]

February 28, 2020

Policies, standards needed for Myanmar steel production as demand rises

Myanmar’s steel consumption is expected to grow in the next five years as government spending on infrastructure ramps up and foreign direct investments rise. At current levels, Myanmar uses just about 3 million tonnes of steel, but this is expected rise by more than 60 percent to exceed 5 million tonnes by 2025, according to […]

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