Myanmar’s construction industry worth US$13.5bn by 2020

A report by Timetric Construction Intelligence Center (CIC) has found that that over the next five years Myanmar’s construction industry is to grow at a rate of 10.37% over five years. In 2015 the industry’s value was worth Ks9 trillion (US$8.2bn) and is expected to climb to Ks15 trillion (US$13.5bn) in 2020, according to the […]

Renewed Sanctions Authority May Deter NES Implementation

US president Barack Obama’s recent renewal for a year of his authority to maintain sanctions on Myanmar may slow down the progress in implementing the National Export Strategy (NES), a senior official said. The United States eased broad economic sanctions on Myanmar in 2012 to reward its political opening but it still restricts business with […]

Govt to launch Trade Development Council to energize exports

The government announced it will form the Myanmar Trade Development Council in 2015 in a bid to promote exports, according to a report from the International Trade Center (ITC). At present, the German International Cooperation Agency led by the Development of Export Department under the Ministry of Commerce, is providing cash assistance for the National […]

National Export Strategy to Be Ready by 2014

The National Export Strategy (NES) will be drafted by this year in a bid to improve trade and attract foreign investments, according to U Aung Min, in-charge of coordination of the NES. Previously, the government planned to finish drafting the strategy by December last year, but the Ministry of Commerce later asked to include the […]

Government, business leaders discuss Myanmar’s national export strategy

Government ministers and private sector representatives met at a workshop on Tuesday to formulate a national export strategy (NES) aimed at boosting Myanmar’s trade and economic development. The Deputy Minister for Commerce delivered the opening speech at the National Export Strategy for Myanmar workshop in Yangon where he outlined the plan. “The national export strategy […]