Myanmar improved its ranking on the World Bank’s Doing Business 2020 report f by six positions, coming in 165th place out of 190 countries on the index compared to 171st in the previous. The ease of doing business index in the report is released every year and based on 10 indicators (see infographic). The country […]
Read MoreMyanmar’s electricity tariff hike has led shops and restaurants in Yangon to cut back on electricity consumption, and local business owners are betting that the government will be able to plug the shortfall next summer. Yet, power continues to be in short supply. The government is now rushing five so-called “emergency power” projects totalling more […]
Read MoreBusinesses from China, Thailand, Korea and Japan, including those from the power and logistics sectors, have said they are keen to invest in the Dawei Special Economic Zone (SEZ) in Tanintharyi, which is near the Thai border. Investor interest in Dawei, which has yet to be developed, has been on the rise since Myanmar and […]
Read MoreShop.com.mm, the online shopping operations in Myanmar owned by China’s Alibaba Group, is growing rapidly, company officials said. Frans Maas, managing director of Shop.com.mm, told The Myanmar Times the site is expanding at a rate of 10 times year-on-year. Shop.com.mm, an online shopping platform in Myanmar, provides online shopping across a variety of products to customers across […]
Read MoreThe Thai baht has reached a six-year high against the US dollar and is now at around 30.2 per dollar. Of the four countries that share borders with Myanmar, Thailand is the second largest trading partner, with trade volumes during fiscal 2018-19 amounting to US$3.8 billion, according to government data. Just this month, the Central […]
Read MoreGE, the high-tech energy, health and aviation equipment provider, has plans to expand its reach in the Myanmar energy and healthcare sectors. “Myanmar has huge potential in terms of revenue and orders for GE. Myanmar needs healthcare and a lot of electricity. There are good prospects in natural gas production and solar energy sector,” Mr […]
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