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Myanmar: New export markets

New export markets have been found rice and pulses produced in Myanmar, said U Aung Htoo, Deputy Minister of Commerce. “We are now exporting rice to the Philippines, Mozambique and China and mung beans to China and Vietnam,” he told Parliament on Monday. The ministry has encouraged farmers to harvest from high-quality seeds to meet […]

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Growing mobile penetration gives Myanmar fintech a big boost

Financial technology services in Myanmar have boomed following an increasing number of mobile users, according to a report from Fitch Solutions Macro Research. The rise in mobile subscribers began after the government opened up the telecommunications sector in 2014, though enforced supportive regulations and point-of-sale (POS) payment solutions are still lagging behind. Fitch Solutions, a […]

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Myanmar foreign loans rise to US$10.2B in last fiscal year

Myanmar has accumulated US$10.2 billion in debt owed to more than 20 countries and multilateral organisations, the Joint Public Accounts Committee of the Pyidaungsu Hluttaw noted in a report on the Union budget for the 2017-18 fiscal year. The committee said the Ministries of Home Affairs; Agriculture, Livestock and Irrigation; Transport and Communication; Electricity and […]

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