A state-owned Chinese firm has expressed interest to invest in the planned Dawei Special Economic Zone (SEZ) in Tanintharyi Region, U Myint San, vice chair of Dawei SEZ Management Committee, told The Myanmar Times. The Myanmar government has yet to respond to the Chinese, given that talks to develop the SEZ with Italian-Thai Development Company Ltd […]
Read MoreMascon International Business Services (MIBS) will be promoting its cyber security and risk management solutions at the Mobile Money & Financial Inclusion Summit 2020 on February 18 and 19 at the ParkRoyal Hotel Yangon. Ahead of the event, Prajit Varma, CEO of MIBS, discussed the importance of implementing a strong cyber security framework in Myanmar […]
Read MorePyidaungsu Hluttaw on February 14 passed a new Insolvency Law to further strengthen the business environment and draw more foreign investors to the country. The new legislation will become effective after a notification is issued by the President of Myanmar. The new law replaces the Yangon Insolvency Act (1909) and the Myanmar Insolvency Act (1920). […]
Read MoreBorder trade between Thailand and Myanmar is set to increase this year thanks to the second Thai-Myanmar Friendship Bridge and the implementation of Cross Border Transport Facilitation Agreement (CBTA). The second Thai- Myanmar Friendship bridge connecting Myawady in Myanmar and Mae Sot in Thailand opened in October of 2019. Meanwhile, the CBTA, which also came […]
Read MoreMyanmar will take measures to ensure that overseas demand for locally made goods remains elevated even as cheaper imports from the region are expected to rise now that the country will participate further in the ASEAN Free Trade Area (AFTA). This should also keep the country’s trade deficit, which was down to US$627 million in […]
Read MoreThe practice by local banks of only allowing foreign exchange transfers after showing bills of lading is an obstacle for businesses in making trade transactions, say some business owners. After the amendment of regulations governing the management of foreign exchange transactions in the country, the Central Bank of Myanmar began allowing foreign exchange (forex) transfers […]
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