Myanmar Business Today
Thilawa Fuel Laboratory Opens As Government Crackdown Targets Low Quality Fuel
A laboratory which can test the quality of fuel to international standards has opened at the Thilawa Special Economic Zone as the government aims to crack down on those selling and importing low quality fuel.Keep reading ...
Tin Industry to Begin Reporting on Supply Chain Standards
Major tin producers have agreed to begin reporting on compliance with a new code of conduct starting from third-quarter 2017, an industry body said, seeking to boost supply chain credentials ahead of new European rules on responsible sourcing of ore.Keep reading ...
‘Invest in Steel and Cement’ - Government Calls on Entrepreneurs to Prop Up Hungry Construction Sector
Minister for Planning and Finance U Kyaw Win has called on local entrepreneurs to invest in the cement and steel industry in efforts to meet the demand of the country’s booming construction sector.Keep reading ...
Agricultural Exports Up $315m Since Last Year
Myanmar earned over $2.93 billion from agricultural exports in the last fiscal year, which came to a close at the end of March, up by $315 million from the year before, new government figures show.Keep reading ...
Finance Ministry Plans to Expand Online Cargo Clearance System
Plans are underway to expand the Myanmar Automatic Cargo Clearance System, a computerised network aimed at speeding up trade at ports and borders, a minister has said.The expansion will start in 2018 and cover trade posts at Myanmar’s land borders, said U Kyaw Win, the ...
Microfinance Firm Hayman Secures $1m Loan as Part of Aggressive Growth Plan
Microfinance lender Hayman Capital has secured a $1 million loan from Malaysia’s May Bank as part of an ambitious expansion plan to enlarge its loan portfolio and become a market leader.The company said last week that it was hoping to receive the first tranche of ...
Companies Act to Be Passed Before End of the Year – DICA
An updated version of Myanmar’s Companies Act will be brought into law before this end of this year, a senior official from Myanmar’s top investment body has said.Keep reading ...
One Year in, It’s Too Early to Judge the NLD a Failure on the Economy
FDI has fallen, GDP growth has been revised down, but is it fair to say Suu Kyi is failing the economy?Last week, as the NLD’s first year in power came to an end, so too did the financial year, which runs from April 1st through to ...
Trade Between Myanmar and Middle East Tops $300m
Total trade between Myanmar and Middle Eastern countries reached $332.874 million in the first 10 months of this fiscal year, 2016-2017, official media reported.Keep reading ...
Yangon Parliament Approves Regional Planning Bill
Yangon’s parliament has approved a regional planning bill that includes details on plans for ‘satellite town’ projects, peripheral areas of the city earmarked for development to help the city cope with its booming population and an influx of investment.Keep reading ...
