Myanmar will become a member of the Asian Payment Network (APN), which was established to create a common payment settlement platform within the Asia-Pacific region, said U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU). MPU has already met with officials from APN, and is waiting for the membership announcement to be made, U […]
Read MoreYANGON, Dec. 18 (Xinhua) — Myanmar is planning to export anti-snake venom to Laos and Cambodia in early 2018, the official Global New Light of Myanmar reported Monday. U Ko Ko Aung, General Manager of the state-owned Myanmar Pharmaceutical Factory (MPF), said that 50,000 vials of anti-venom out of 100,000 vials for snake bite produced […]
Read MoreSoutheast Asia’s internet economy is expected to be worth $50 billion by the end of this year and will likely be worth four times more by 2025, according to a report released last week by Google and Singapore sovereign wealth fund Temasek Holdings. At 330 million, the number of monthly active internet users has risen […]
Read MoreTHOUGH recent surveys have stressed a drastic decline of investor confidence in Myanmar, the government still believes it is on the right track given the recent enactment of long-awaited new companies law. Aung Naing Oo, director general at the Directorate of Investment and Company Administration (DICA) and secretary of Myanmar Investment Commission, said the law […]
Read MoreForeigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of the implementation of the Condominium Law, which was approved last year. The rules, which were signed by the Union Minister for Construction on December […]
Read MoreWhile European companies in Myanmar concurred that the domestic business environment has deteriorated this year, most see prospects improving over the next few years and almost all have opted to continue doing business in the country, findings from EuroCham Myanmar’s second Business Confidence Survey released Thursday revealed. According to the survey, more than three quarters […]
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