Myanmar’s aquaculture industry will receive a boost from the barter-trade agreement that was signed between the country and China. Fisheries Department deputy director for quality control and research U Thet Naing said an inventory of fish for export has been sent to China. The inventory has been sent to China via the Ministry of Foreign […]
Read MoreThe local insurance industry may have been dealt a setback after negotiations between several local and foreign insurers were reported to have broken down. According to a report by Nikkei, which cited insiders, local insurers decided to pull out of talks with Thailand’s Muang Thai Insurance and Muang Thai Life Assurance, and South Korea’s DB […]
Read MoreOn 24 May 2019, the Copyright Law (Law) was enacted as the fourth and last intellectual property law to protect literary and artistic works. Replacing the law that was enacted in 1914, the new Law now includes updated definitions of performance, broadcasting, and includes computer programs as a work of writing. The Law specifies that […]
Read MoreAcross Asia, contract and freelance positions in firms from start-ups to large conglomerates are becoming more commonplace. While still novel in Myanmar, the so-called “gig” economy is expanding as companies turn more cautious when hiring. Meanwhile, workers are opting for the freedom to maintain a better work-life balance or opportunity to earn from diversified sources […]
Read MoreMyanmar has been importing car parts and assembling them for years, but now Chinese cars will be produced here for the first time, at Myotha industrial zone in Ngazun township, Mandalay Region. Shining Star Group of Kunming, China, established Gold AYA Motor International Co Ltd to make automobiles in Myanmar in 2017. The plant on more […]
Read MoreAn announcement from the Central Bank of Myanmar (CBM) disallowing the use of prepaid cards in the local currency is a step backwards for cashless transactions, industry observers said. The CBM, which made the announcement on July 25, said prepaid cards with a limit of US$5,000 issued by local banks in partnership with foreign financial […]
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