The financial sector rose the most among 15 sectors managed by the government in the first six months of the 2017-18 fiscal year, growing 22 percent as a result of the implementation of new financial services, U Set Aung, deputy minister of the Ministry of Planning and Finance, at Pyidaungsu Hluttaw meeting on Thursday. “If […]
Read MoreDomestic demand for farmed fish in Myanmar has risen substantially over the past 10 years, with many small-scale fish farms emerging across the Ayeyarwady region. That’s led to a budding economy of aquaculture-related businesses along the value chain as well as more innovative uses of new farming methods and technology. Between 2004 and 2014, fish […]
Read MoreMoney transfer services will be available through a single ATM card from next year onwards, U Mya Than, non-executive director and former chair of Myanmar Payment Union (MPU), told The Myanmar Times. With a single ATM card issued by any of the 23 local banks under the MPU network, users will be able to perform multiple […]
Read MoreRepercussions from the slump in the local real estate market have reverberated across the value chain, affecting not just property developers and speculators but businesses involved in facilitating sales and providing brokering services as well. To ride the property boom in 2010, a large number of real estate agencies had opened for business to get […]
Read MoreFACTORIES in nine sectors including food and beverage, textile and distilleries are required to submit environmental management plans within a year, said an official who cited a decision from a national committee. Daw Khin Thida Tin, director of the environmental conservation department under the Ministry of Natural Resources and Environmental Conservation, said this month that […]
Read MoreThe Central Bank of Myanmar (CBM) has begun selling government treasury bonds and bills on a competitive price basis. The move comes just two weeks after it extended loans to the government to fund the fiscal deficit. The government is issuing bonds to raise new sources of funds to finance its deficit. On November 15, […]
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