Telecoms-related sectors contributed up to three-quarters of economic growth in countries like Myanmar, Thailand, Malaysia, Pakistan and Bangladesh, a Telenor-commissioned report by London-based consultancy Frontier Economics found. With the telecom industry growing at 6-12 percent annually, faster than the GDP growth rates of many Asian developing economies, the industry is a “prime contributor” to economic […]
Read MoreEuropean companies in Myanmar have a positive outlook regarding their business in terms of services provided, market share, profits and overall business activities in the country, the EuroCham Myanmar Business Confidence Survey 2019 showed. A total of 74 companies participated in the survey, which was released last week, and shared their business projections and sentiment […]
Read MoreGrowth in the CLMV (Cambodia, Laos, Myanmar, Vietnam) bloc will likely moderate to 6-7 per cent in 2020 as headwinds from prolonged trade uncertainties and growth deceleration in major economies affect economic prospects through slowing exports and tourist arrivals, according to Siam Commercial Bank’s Economic Intelligence Centre. However, adaptive regional production will partially benefit the […]
Read MoreEmerging Markets Myanmar (EME-Myanmar), a Yangon-based investment firm, has invested in an e-commerce start-up for rural retailers. A six-digit sum was invested but the exact amount was not disclosed. Ezay, founded by former Oway employee Ko Kyaw Min Swe in August, is a start-up which will provide a mobile platform for customers to purchase new […]
Read MoreKasikornbank (KBank) has applied for a licence to open a branch each in Vietnam, Indonesia and Myanmar as part of its continued overseas business expansion, president Kattiya Indaravijaya said on Friday (December 13). She expects the bank to be awarded at least one of these licences next year. There is a high chance that the […]
Read MoreOf the 137 countries that trade with Myanmar, volumes from the 10 largest have spiked in the past decade and could continue growing as the local economy develops and expands, officials said. China is currently Myanmar’s largest trading partner, followed by Thailand, Singapore, India, Indonesia, Malaysia, Japan, Vietnam, Korea and the US. According to the […]
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