It has been five years since the government first allowed private insurance businesses to offer their services in Myanmar in 2013. But further liberalisation is needed and the authorities have been saying they are close to allowing foreign insurance providers to operate domestically. In August, U Zaw Naing, secretary of the Insurance Business Regulatory Board […]
Read MoreThe Myanmar Pearl Law has been amended for the second time to allow foreign direct investments (FDI) in the sector, U Min Oo, managing director of the Myanmar Pearl Enterprise, told The Myanmar Times. According to U Min Oo, the pearl production sector is now among the extraction sectors that will be open up to foreign […]
Read MoreMyanmar is raising efforts to draw foreign direct investments (FDI) into the country after its economy took a beating in recent quarters, hit by the slide of the kyat against the dollar. Even though the Central Bank of Myanmar has taken measures to stabilise the local currency, the kyat may be in for further volatility […]
Read MoreDRIVEN by rapid gains in smartphone use and people’s willingness to try new things in Myanmar, Alibaba Group plans to grow its business by at least five times in the country in the coming six to eight months, according to Frans Maas, managing director of Shop.com.mm, which is now under the fold of the Chinese […]
Read MoreHousing loans and repayments of those loans in monthly instalments have begun to flourish in Myanmar’s real estate market since the beginning of this year, as more construction companies and real estate developers collaborate with banks to make home ownership more accessible. These days, banks are offering home loans at a specified interest rate and […]
Read MoreMyanmar’s economic outlook is extremely bleak, say many regional experts, and local business sentiment continues to slide downward. And with foreign investment down substantially from last year, future growth is likely to fall short of government targets. This combination of negative factors has led to an increasingly fractious relationship between the country’s business community and […]
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