A New World Bank report has urged the government to finalise the statutory framework of the accounting and auditing sector and relax restrictions on foreign accountants and auditors to practice in the country. The Report on the Observance of Standards and Codes – Accounting and Auditing, released on June 16, noted that Myanmar’s revisions to […]
Read MoreThailand is initiating a master plan for trade and investment collaboration with the CLMV (Cambodia, Laos, Myanmar and Vietnam) subregion to ensure all five countries continue to prosper amid strong global competition, Deputy Prime Minister Somkid Jatusripitak said recently “We started to write a master plan to develop trade and investment with Laos after visiting […]
Read MoreCommunity tourism projects struggle to market their products and services, according to speakers at the Communities and Tourism Conference held in Nay Pyi Taw on June 13-14. The event was organised by Hanns Seidel Foundation (HSF), Myanmar Centre for Responsible Business (MCRB) and Myanmar Responsible Tourism Institute (MRTI). Existing community tourism projects, new initiatives, tour […]
Read MoreSean Turnell, an economic adviser to the NLD-led government, said that the administration spent the first year stabilising the economy and that the economy would take off soon. He also defended the government’s management of the economy, which saw a drop in foreign direct investment, during the Myanmar-EU Economic Forum organised in Nay Pyi Taw […]
Read MoreMaungdaw border trade in Rakhine State has resumed but imports from Bangladesh have yet to come in, Maungdaw Border Trade Chamber of Commerce president U Aung Myint Thein told The Myanmar Times. Border trade between Myanmar and Bangladesh at the Maungdaw border gate can provide large support for Myanmar’s exports as 90 percent of the border-cross trading are Myanmar exports while […]
Read MoreThe Natural Resource Governance Institute has published a report Governing the Gemstone Sector: Lessons from Global Experience in which Myanmar’s state-owned enterprise is featured as a case study. The report considers how countries may improve management of their gemstone resources, offers lessons from international experience and recommends policy options for governments interested in enhancing their […]
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