Myanmar moves towards establishment of Civil Service Academy

THE Union Civil Service Board (UCSB) held a consultation workshop on the establishment of a Civil Service Academy in Myanmar in cooperation with the Hanns Seidel Foundation in Nay Pyi Taw yesterday. UCSB Chairman Dr Win Thein and Mr. Archim Munz, resident representative of the foundation, spoke on the occasion where UCSB members, departmental heads, […]

MIC approves 31 investments in January

The Myanmar Investment Commission approved 31 new local and foreign projects in January, mostly in the real estate and garments sectors, according to figures published by the Directorate of Investment and Company Administration. Of these, 15 were foreign, adding to the 138 international investments approved by the MIC since the start of this fiscal year. […]

Myanmar’s trade deficit jumps 88%

Myanmar’s trade deficit jumped 88% in the fiscal year that ended on March 31, driven by rapid economic expansion in the formerly military-ruled country, state media and a Commerce Ministry official said today. Myanmar’s economy was held back by mismanagement, corruption and the refusal of Western countries to trade and invest because of human rights […]

Economists Scold Myanmar Firms’ Business Ethics

Businesses in Myanmar need to be more aware of international business ethics and regulation, said Dr Wah Wah Maung, deputy director general of Foreign Economic Relation Department under the Ministry of National Planning and Economic Development. She warned that Myanmar needs to improve the quality of its businesses to compete in the ASEAN Economic Community […]

Foreign banks optimistic about economic integration

Executives of two foreign banks expressed optimism that Myanmar would attract more investment as long as it maintains the speed at which it is integrating with other countries in the region. Go Watanabe, managing executive officer and CEO for Asia and Oceania of Bank of Tokyo-Mitsubishi UFJ, said the Asean Economic Community (AEC) can deepen […]