The Department of Consumer Affairs says that 80 percent of the complaints it receives from the public is regarding telecommunications service providers. This was revealed by the department’s director U Myint Cho during a press conference earlier this week. There are currently four companies providing telecommunications services in the country: Myanma Posts and Telecommunications, Oredoo, […]
Read MorePlastic makers in Mandalay are facing tough competition from imported products, local businesses told the Myanmar Times. Foreign plastic products are much cheaper than locally made products because local producers are unable to scale production and instead face rising costs from having to import raw material and logistics. “For production cost, we are trying to […]
Read MoreThe strength of the Myanmar kyat has been a key factor in helping go stabilise local petrol prices at a time when global oil prices have become increasingly volatile. Since the start of the year, oil prices have risen on the back of US sanctions on Iran, a major oil-producing nation. As fuel is mostly […]
Read MoreMyanmar’s power sector will spearhead growth in the infrastructure industry and draw the bulk of foreign direct investments (FDI) over the next five years, Fitch Solutions Macro Research said in a report released April 23. With just 40 percent of all households enjoying access to electricity as at September 2017, which is amongst the lowest […]
Read MoreWITH MAJOR infrastructure and logistics initiatives being pushed, on top of being home to seven million people, foreign investors should not hesitate to invest in Yangon, officials told the Yangon Investment Forum 2019 on Friday. Thaung Tun, chairman of the Myanmar Investment Commission and Union minister for investment and foreign economic relations, said Myanmar’s commercial […]
Read MoreAt the second Belt and Road forum held in Beijing in April, State Counsellor Daw Aung San Suu Kyi acknowledged that infrastructure development under China’s Belt and Road Initiative (BRI) is important to facilitate trade, create jobs and enhance connectivity. However, local analysts say Myanmar should avoid accepting loans from China, which typically come with […]
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