Alarm bells are ringing after a substantial drop in investor confidence in Myanmar as a result of the lack of a clear economic policy and plan in the economy. According to the second Myanmar business confidence survey conducted by Roland Berger in partnership with Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) […]
Read MoreOne third of the population in Myanmar either lives in poverty or are near-poor, despite the significant reduction in poverty over the past decade, according to a new estimate based on 2015 living conditions released by the Ministry of Planning and Finance and the World Bank. The ministry and the World Bank jointly released the second […]
Read MoreImplementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay implementing a new law that would have allowed foreign companies to take up to a 35 percent stake in local companies, bringing about badly needed reforms for […]
Read MoreDrug resistance is still the main concern for health authorities in Cambodia, China, Laos, Myanmar, Thailand and Vietnam. Today, representatives from these countries called for accelerated action to eliminate malaria in the Greater Mekong Subregion (GMS) by the year 2030. The call comes amid concern over resistance of malaria parasites to antimalarial drugs, including artemisinin—the […]
Read MoreSingapore’s ride –hailing mobile app, Grab, will launch its Grab Bike motorcycle taxi service across Mandalay city at the start of 2018. “We will guarantee security for those who use this service,” said Mr. Amrt Sagar, country manager of Grab Bike Myanmar. Around 70 Grab Bike motorcyclists have given the service a trial run in […]
Read MoreA new strategy encompassing the customs and values of the Myanmar people, including members of the Tatmadaw, residents, civilians and nationals residing abroad, is necessary to treat a “sick” Myanmar economy,” said Dr. Myint, who was Chief Economic Advisor of former President U Thein Sein, during the Union of Myanmar Federation of Chambers of Commerce […]
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