As the 2016-17 fiscal year enters its final months the Myanmar Investment Commission’s approved investment total stands at over US$6 billion – some $2.5 billion of which was approved in just the last three weeks. The MIC approved $3.5 billion between April 1 and December 31, with the latter date marking the cut period for […]
Read MoreA year after fire destroyed Mingalar market – one of Yangon’s largest – a competition to design a new building as begun. But many shopkeepers are impatient and would rather see the market rebuilt as soon as possible. More than 1600 shops went up the blaze that gutted Mingalar market in January 2016 – the […]
Read MoreYANGON – Two draft laws concerning foreigners are sending shockwaves through the expat community and could undermine the government’s stated priorities in attracting responsible foreign investment and promoting a human rights agenda, lawyers and business experts say. Both the draft Law Concerning Foreigners and the Foreign Worker Law are pegged as priorities for the next […]
Read MoreThe agriculture ministry is collaborating with private firms to help farmers facing a shortage of animals and labour purchase machinery on instalment. U Ko Ko Maung, director of the Agriculture Mechanisation Department under the Ministry of Agriculture, Livestock and Irrigation, said that farmers are working to cope with a changing climate that is altering planting […]
Read MoreA rousing trade for the re-export of vehicle fuel to China has pushed up Myanmar import volumes, according to the minister of commerce. As of January 7, the volume spent on the import of motor fuel so far in the 2016-17 fiscal year was up US$90 million for diesel and $82 million for gasoline on […]
Read MoreSri Lanka has expressed interest in a formal arrangement to import 50,000 tonnes of rice from Myanmar, according to Ministry of Commerce assistant secretary U Khin Maung Lwin. The Sri Lankan ambassador to Myanmar, KWND Karunaratne, made the offer on January 23 during a visit to the Union Minister for Commerce U Than Myint, the […]
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Thailand
