Despite widespread automation of manual work functions, Myanmar jobs are not under “huge” threat by advancements in technology, economists at the Asian Development Bank (ADB) told the media during the organisation’s annual general meeting (AGM) in Manila on May 4. However, the government needs to monitor the impact of changing technologies on local jobs. Meanwhile, it […]
Read MoreMembers of Parliament have urged the Yangon Region government to set clear regulations on opening massage parlours as well as bars and karaoke lounges in hotels and other commercial outlets in Yangon. During a parliament session last week, MPs raised questions on the licensing procedures and controls in place on running such establishments. They also […]
Read MorePublic consultations of the draft regulations end on May 31. Existing companies registered in Myanmar have until January 31 next year to re-register on an electronic system once the new Companies Law and related regulations come into effect on August 1. Draft regulations of the Companies Law, which was enacted last December, have been released by […]
Read MoreTHE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]
Read MorePreparations are being made for Myanmar to select its priorities among planned projects along the China-Myanmar economic corridors supported by the Beijing-led Belt and Road Initiative, U Than Aung Kyaw, deputy director-general of the Directorate of Investment and Company Administration (DICA) told The Myanmar Times. Traders from China will be arriving shortly to carry out mutual […]
Read MoreMandalay Investment Commission has approved five domestic investments and five foreign investments, totalling 10 investments within nine months since it was established, according to the regional Directorate of Investment and Company Administration. “After the new Investment Law was enacted, it has become more convenient for investors. The process didn’t take long either, compared to the […]
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