ALTHOUGH MYANMAR IS aiming high to improve its trade volume this year, the government needs to reduce the long-standing trade deficit by boosting exports, local businesses say. Zaw Min Win, president of the Union of Myanmar Federation of Chamber of Commerce and Industry, said that the unstable exchange rate, illegal trade and limited productivity may […]
Read MoreWith the government of Myanmar recently passing its new Investment Law, taking effect in April 2017, the country is showing its continued commitment to attracting foreign investment. After reopening its economy in 2012 following several political reforms beginning the year before, Myanmar has been receiving significant increases in foreign direct investment, reaching a high of […]
Read MoreMyanmar: Ministry relaxes import rules for over 250 items Tuesday, 16 August 2016 – The Ministry of Commerce has published a list of 267 items that can be imported from September without a licence, in the new government’s first step toward liberalising permit requirements. The move builds on liberalisation by the last government, which had […]
Read MoreMyanmar: Myanmar eases foreign investment rules to clear housing glut Monday, August 14, 2016 – MYANMAR has taken steps to reduce an oversupply of high-end residential property units by relaxing rules on foreign investment, according to a recent report by real estate services firm Jones Lang Lasalle (JLL). JLL explained that with the liberalization of […]
Read MoreMyanmar: Myanmar foreign investment drops as democracy transition brings caution Saturday, 13 August 2016 – Myanmar’s democratic transition instilled caution in investors, with foreign direct investment during the first four months of the government led by democracy champion Aung San Suu Kyi dropping sharply from a year ago, government data show. Foreign companies invested US$380 million […]
Read MoreMyanmar: Mandalay trader petitions for mining halt Wednesday, 10 August 2016 – A Mandalay trader is circulating a petition calling for an immediate but temporary halt to jade mining and a revamp of export procedures, warning the Mandalay market could be headed for disaster if business continues as usual. The petition will shortly be submitted […]
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