A new budget period starting from October 1 to September 30 will commence in the 2018-19 fiscal year. The Myanmar governments current fiscal year is the 12-month period from April 1 to March 31. A letter proposing the change was submitted to Parliament by President U Htin Kyaw last week. Meanwhile, a six-month budget will be […]
Read MoreThe United Nations Development Programme and Central Statistics Organisation released their first compilation of data which currently exists on Myanmar for the Sustainable Development Goals. Much work needs to be done in a country where a quarter of its population are living below the poverty line. Some Sustainable Development Goals (SDGs) indicators for Myanmar are still […]
Read MoreThe government should take steps to raise investor interest in Kachin State. These include designating Kan Pike Tee border gate as an international gate as well as providing basic infrastructure and improving trade conditions at the border between Myanmar and China, local merchants said. If the government is able meet these requirements, it will set […]
Read MoreTHE business chamber in Mandalay, Myanmar’s northern economic hub, is undertaking modernisation through a partnership programme with a regional chamber of commerce in Germany. The German IHK Reutlingen (Industrie und Handelskammer Reutlingen) is currently undertaking a three-year agreement with the Mandalay Region Chamber of Commerce and Industry (MRCCI) to restructure the latter and modernise […]
Read MoreConcern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar […]
Read MoreMany foreign investors are shying away from Myanmar because of the government’s apparent failure to prioritise economic development and the violence in Rakhine state. Local businesses also complain of government inertia. But ministers still insist that the country is on the verge of a major economic breakthrough. “Myanmar was like a plane running on the […]
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