Business

U Myint advocates quick-wins for Myanmar’s economy

 

By KHINE KYAW

MYANMAR ELEVEN

YANGON

EVEN as international agencies pronounce a favourable outlook for Myanmar, former chief presidential economic adviser U Myint has identified policy areas that can help ensure that an improving economy benefits ordinary people.

MyTel vows to cover every corner

By KHINE KYAW  

MYANMAR ELEVEN  

YANGON



MYTEL, which this year became the fourth telecommunications operator to enter the fast-growing Myanmar market, plans to have its services cover more than 95 per cent of the country’s population in three years, a company executive said.

Myanmar poised for better economy amid uncertainty: WB

By   KHINE KYAW  

MYANMAR ELEVEN  

YANGON

GIVEN THE government’s efforts to accelerate reforms and to modernise the financial sector, Myanmar’s economy is projected to increase to 6.7 per cent next year, according to Ellen Goldstein, World Bank director for Myanmar, Cambodia, and Laos.

She said at the launch of the latest Myanmar Economic Monitor that the medium term outlook for Myanmar remains positive despite some risks. She expects a surge in foreign investment flows to drive further growth.

Myanmar to sign trade MoU with China

Myanmar will sign a memorandum of understanding with China on export of rice, sugar, corn and other agricultural products, and import of China-made goods to the same value of e

Bid to boost SMEs financing in Myanmar

 

By   KHINE KYAW  

MYANMAR ELEVEN  

YANGON

 

FOLLOWING the recent issuing of Myanmar’s first credit bureau licence to a joint venture company between Singapore’s Asian Credit Bureau Holdings and Myanmar Banks Association, small and medium enterprises (SMEs) now have a chance for a brighter future, according to government officials and industry experts.

Myanmar receives US$47 m worth foreign investment in April

 

Inspections to be carried out at factories and farms exporting marine products to Saudi Arabia

Checks will be conducted on factories and farms exporting marine products to Saudi Arabia, Tun Win Myint, head of Yangon Region Fisheries Department told a regular meeting of Myanmar Fisheries Fe

Selling fuel oil at a loss is on-paper loss: MFOIDA

 
Selling fuel oil at a loss is no matter what a loss on papers though local fuel filling stations are selling fuel oil at over-4-per-cent-loss compared with the global fuel price, said Dr Win Myint, secretary of Myanmar Fuel Oil Importers and Distributors Association (MFOIDA)
 

Banking giant ICBC praise ICT as secret behind cross-border success

 

Korea-Myanmar Industrial Complex to be in Hlegu

YANGON- US$ 110 million worth Korea-Myanmar Industrial Complex(KMIC) project will be implemented in Nyaungnapin, Hlegu Township, Yangon Region.
 
The approximately 555 acres wide project will begin near Nyaungnapin village, western part of about 5-mile away from the Yangon-Mandalay Expressway and it is a joint venture between Civilian and Housing Development Department under the Ministry of Construction and Korea Land and Housing Cooperation under the Republic of Korea.