Peace in Myanmar has come with a heavy price tag. Economists and business owners, while acknowledging and applauding the measures put into achieving peace and stability, say the National League for Democracy-led government has largely ignored the economy during its first year in power. Some experts and entrepreneurs told The Myanmar Times that the government […]
Read MoreWhat a difference a year makes. In the same hot summer last year, Myanmar was the rosy-cheeked debutante of the democratic world after the National League for Democracy (NLD) won a landslide victory in the 2015 election, paving the way for the first civilian-led government in 54 years. Foreign investors were rushing in, lured by […]
Read MorePutting the government’s performance into perspective. Interview with Peter Beynon from the British Chamber. MANY in the business community have expressed disappointment over the new civilian-led government’s first year of office. But how does the pace of change in Myanmar compare to her neighbours? Chair of British Chamber of Commerce Myanmar Peter Beynon told The […]
Read MoreA Myanmar Payment Union (MPU) system for trade-related payments between the Ministry of Commerce and traders involved in export and import has been recently finalised, according to U Khin Maung Lwin, assistant secretary at the ministry. “It is mainly for payment of licence fees to the Ministry of Commerce. Currently, [businesspersons] have to go to […]
Read MoreTo attract more local and foreign investments in Myanmar, peace and political stability are critical, said Peace Commission chair Dr Tin Myo Win. “It is fundamental. Business is essential for peace and peace is also critical in encouraging business growth. They are co-related. “We also need to think about why the peace process is taking […]
Read MoreMyanmar’s Mingalabar Holding has formed a joint venture with Wing Specialized Bank to provide mobile financial services to the more than 80 percent of people in Myanmar who do not use banks. Kyaw Htoo Linn, founder of Mingalabar, recently spoke to Khmer Times’ May Kunmakara and explained his company’s decision to team up with Wing. […]
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