Private petrol stations in Yangon are selling around 270,000 gallons of petrol and 150,000 gallons of diesel at spot prices on a daily basis, U Han Htoon, Minister of Agriculture, Livestock, Forestry and Energy said in the Yangon Parliament this week. Concerns over higher petrol and diesel prices are rising as global oil prices have […]
Read MoreThe long-delayed Dawei special economic zone (SEZ) project is still moving at a glacial pace, with new development unlikely to take shape until the tripartite meeting among Thailand, Myanmar and Japan in April. Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board (NESDB), said the development of the first phase of the Dawei project has […]
Read MoreMyanmar’s GDP growth is forecast to hit 7.2 percent during the first six months of 2018 under the National Planning Law, which was signed and approved by President U Htin Kyaw on March 8 and announced Monday. That is up from GDP growth of 6.2pc in the first six months of 2017. As such, achieving […]
Read MoreCompany registration fees for small and medium enterprises (SMEs) will be halved from K500,000 to K250,000 from April 1 onwards, according to a statement issued by the Directorate of Investment and Company Administration (DICA) Tuesday. The latest move comes after DICA, together with the Ministry of Planning and Finance halved company registrations fees for private […]
Read MoreGovernment support is badly needed for the local digital payments sector to develop further, U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU) told The Myanmar Times in a recent interview. Despite the MPU’s attempts to reduce cash dependency since 2012, local payments are still mainly settled via paper money. Even for payments for licenses and […]
Read MoreFinancial inclusion is vital for Myanmar’s economic growth as it benefits the country’s diverse communities and ethnic groups and narrows the divide between cities and rural areas. It also reduces gender inequality, according to developmental experts and officials. Officials, businesses and development partners at the National Financial Inclusion Forum in the capital yesterday focused on the […]
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