Traders engaged in the export of goods to the European Union, Norway, Switzerland and Turkey will be able to apply for customs relief under the Generalised System of Preferences (GSP) at the Ministry of Commerce (MOC). The GSP is a US trade program designed to promote economic growth in the developing world by providing preferential […]
Read MoreForeign investors planning to invest in domestic banks will still be required to seek approval from the Central Bank of Myanmar (CBM) to do so, U Soe Thien, vice governor of the central bank, told The Myanmar Timesyesterday. “According to the law, all firms are included under the 35 percent threshold. But, being financial institutions, local banks […]
Read MoreViettel Group’s 10th international mobile phone network, Mytel, commenced operations in Myanmar on Saturday. Mytel, the fourth mobile phone operator in that country, has said it wants to become the biggest in the country in terms of both infrastructure and business. It is the only network with a customer service channel with video calling in Burmese, English […]
Read MoreThough the new Myanmar Companies Law is less than three months away from being officially enforced, interest to list on the Yangon Stock Exchange (YSX) has not picked up as substantially as expected, said U Thet Tun Oo, senior executive manager of the YSX. The Myanmar Companies Law, which was enacted December 6, 2017, will […]
Read MoreA proposal to construct a multi-purpose port in Kawhmu township, southwestern Yangon, was submitted to the Yangon Regional Parliament by U Zaw Aye Maung, Rakhine ethnic minister last week. “Yangon is the gateway to trade and handles up to 95 percent of the country’s imports and exports. The current port capacity in Yangon and Thilawa […]
Read MoreThe prospect of Myanmar’s tourism hinges upon the country’s political development, the European Union’s top envoy told The Myanmar Times. “If a country is unstable or does not follow human rights or democratic norms, tourists, especially those from Europe, are less inclined to visit,” Kristian Schmidt, the European Union ambassador to Myanmar, remarked, while stressing […]
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