Submitted by Eleven on Tue, 03/28/2017 - 21:17
Though multinational companies are still on the waitandsee move to enter Myanmar, the nation’s recent legislative reforms to create a more enabling business environment will create positive signals for foreign direct investment inflows, according to a panel discussion by the global research and consultancy firm Oxford Business Group taking place on last Thursday.
Submitted by Eleven on Tue, 03/28/2017 - 21:04
The Myanmar Real Estate Services Association says it expects a real estate law to be passed by Parliament later this year.
“It’s time for Myanmar to adopt a real estate law. We had support from ministries and attorney-general’s office when we proposed for it. As our association is state-level, we held discussions in Nay Pyi Taw. We have collected the discussion results and sent a report to the parliamentary legal affairs commission,” said Khin Maung Than, chairman of the association.
Submitted by Eleven on Tue, 03/28/2017 - 17:17
Myanmar has pursued a satellite programme named "Myanmar Sat 1” and plans are underway to provide channels for government ministries and private companies at reduced price rates, said Union Minister for Transport and Communications, Thant Sin Maung.
To promote the country's communications sector, the government signed a five-year contract with Intelsat Global Sale and Marketing Ltd in May of last year and launched the satellite programme.
Submitted by Eleven on Tue, 03/28/2017 - 15:38
Yin Zaw Myo, Managing Director of Yangon Stock Exchange says government treasury bonds and treasury bills will be on sale at Yangon Stock Exchange.
“We will open a bond market as secondary market in YSX this year. We are holding a series of discussions with the central bank and other experts on bond trading,” he added.
Submitted by Eleven on Tue, 03/28/2017 - 15:35
Export earnings from CMP (cutting, making and packaging) garment industry are expected to reach up to US$ 2.2 billion as it has received more orders from the EU and Japan, said Khaing Khaing Nwe, secretary of Myanmar Garment Entrepreneurs Association.
The export earnings are calculated according to the calendar year. The commerce ministry calculates export earnings for respective fiscal years. Currently, the ministry has not released export earnings for 2016 officially.
Submitted by Eleven on Tue, 03/28/2017 - 15:32
New Danyingone wholesale vegetable market, which was jointly developed by the MAEX and Yangon City Development Committee, will be opened at the end of April, said Thurein Aung, managing director of Myanmar Agro Exchange Public Limited (MAEX).
Submitted by Eleven on Sun, 03/26/2017 - 15:36
Submitted by Eleven on Sun, 03/26/2017 - 15:31
Kyaw Kyaw Maung, the governor of the Central Bank of Myanmar, says a seventh private bank, the Global Treasure Bank, will grant loans to small- and medium-sized enterprises (SMEs).
The Japan International Cooperation Agency is disbursing 5 billion Japanese yen (Ks62 billion) to private banks via the Myanma Economic Bank.
Submitted by Eleven on Sun, 03/26/2017 - 14:24
The Yangon Region Transport Authority (YRTA
Submitted by Eleven on Sat, 03/25/2017 - 20:06
An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday.
Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating.
The four-day event also has machines for goldsmiths and quality testing for diamonds and gems.