Thailand and Myanmar signed 18 memorandums of understanding (MoUs) yesterday as part of a closer strategic partnership between the two countries. Panitarn Pavarolavidya, chairman of the Thai-Myanmar Business Council and deputy secretary-general of the Federation of Thai Industries (FTI), said 16 MoUs were signed by the private sectors of the two countries, with ambitious plans […]
Read MoreCredit cards are increasingly common in Myanmar, with most of the bigger lenders offering the product. But people in the banking sector say it will take around five years until credit cards are widely used. KBZ Bank managing director U Zaw Lin Aung speaks at a press conference announcing partnership with Visa earlier this year. […]
Read MoreDeputy Prime Minister Somkid Jatusripitak will be leading major Thai businesses to meet a team of Myanmar officials and businesses to seek further cooperation in developing industrial estates in Myanmar and border trade operations on Feb 3-4. Industry Minister Uttama Savanayana said the Thai business group, which comprise PTT Plc (PTT), Siam Cement Group (SCG) […]
Read MoreYANGON: The office of Myanmar’s civilian president said on Tuesday that the assassination of a lawyer advising the ruling party on amending a military-drafted constitution was likely an effort to destabilise the country. A lone gunman shot Ko Ni, 63, an adviser to the ruling National League for Democracy, in the head in front of […]
Read MoreMyanmar’s economy will recover from a 2016 slump to expand at over 7 percent for next three years, according to a new World Bank review. But the path is still replete with risks, and many of the imbalances that plague the economy are getting worse. Like the IMF, which lowered its estimate in October, the […]
Read MoreA public consultation on the regulations that will accompany Myanmar’s new investment law threw the spotlight onto the country’s complicated land legislation once again. But although they acknowledge the barriers that land rules present to potential investors, officials in charge of the investment law regulations say there is little they can do. The Myanmar Investment […]
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