The Myanmar kyat has strengthened against the US dollar in recent months, with the exchange rate hovering just above K1500 over the past two weeks. While volatility has risen, experts reckon the Central Bank has done a good job in keeping the kyat stable. The dollar is weakening on the back of mounting uncertainty over […]
Read MoreThe Tanintharyi Region government is focusing on promoting investment in hotels and tourism, agriculture and livestock, fisheries, power, mining, and real estate to help boost its economy. This was revealed during the Region Investment Forum on December 7. The event organised by the region’s government and the Myanmar Investment Commission comes on the heels of […]
Read MoreThe new phase of the European Union’s SMART Textile and Garments project will bring together brands, trade unions and business associations to boost social and environmental sustainability in Myanmar’s garment industry. The project, funded by the EU, was officially launched in Myanmar last Friday. The SMART Textile and Garments project will work with more than […]
Read MorePeople in Myanmar will be required to give their biometric data, including thumbprints, when buying mobile phone services under a controversial government plan to store private information on a central database. A tender document issued last month and seen by The Myanmar Times invites bids for a “national database to store and manage biometric mobile subscriber registration […]
Read MoreChinese financial services company Union Pay says it will utilise two strategies to increase the number of Union Pay card users in Myanmar. This was revealed by. Vincent Ling, assistant general manager of Union Pay International in Myanmar. According to Ling, the company will focus on spreading the use of contactless payment systems, and increase […]
Read MoreThe Mon State government is inviting investors to participate in six sectors to help boost the state’s economy. This was announced during the Mon State Investment Fair held last Friday and Saturday. The six sectors that the state government has decided to focus on are agriculture, fisheries, tourism, trade and logistics, manufacturing and infrastructure. “We […]
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