Policy and regulations allowing foreigners to trade on the Yangon Stock Exchange (YSX) will be released by late August, according to U Htay Chun, member of the Securities and Exchange Commission of Myanmar (SECM). “We are working towards announcing the required regulations and policy instructions by the end of this month. Meanwhile, the YSX-listed companies and […]
Read MoreSixty-four percent of people surveyed in Myanmar are eager to open a bank account and utilise latest payment systems, according to Visa’s latest study. The majority of people in Myanmar wish to have access to banking services and cashless payment methods, such as credit and ATM cards, mobile payments, contactless payments and payment via QR […]
Read MoreThe govt wants to lure tourists back to Myanmar. Will its efforts work? The Myanmar tourism industry has suffered from a big drop in tourists due to the unfolding refugee crisis in northern Rakhine. With the number of visitors from the US and Europe declining sharply over the past year, some tour companies and hoteliers […]
Read MoreDemand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]
Read MoreThe government’s budget deficit in the upcoming 2018-19 fiscal year has reached the highest over the last seven years. Economists said this record-breaking deficit needs to be addressed, together with a range of other issues, such as the inflation rate, the Kyat’s depreciation and the slowing down of economic growth. Otherwise, the population will feel the […]
Read MoreThe value of border trade between Thailand and Myanmar is expected to double to UScopy2 billion by 2026, says the assistant spokesman of the Prime Minister’s Office. The cabinet has approved the proposed draft of policies and initiatives for the ninth Meeting of the Myanmar-Thailand Joint Commission, as diplomatic relations between the two nations turn […]
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