Bamboo matting business nearly halts in Tatkon

Bamboo matting is in danger of going out of business in Tatkon due to a public loss of interest in bamboo matting produce and increasing labour shortages. The soaring price of bamboo used for matting and shortages of skilled labour are likely to push business out of operation, said U Aung Than who runs a […]

Mandalay’s development hampered by red tape: survey

Based on responses from the city’s business community, the survey says that Mandalay and its surrounding states and regions have better transportation links with major trading partners China, India and Thailand than its main rival, Yangon. The survey, which asked local companies how the city could develop and what challenges they faced, was conducted last […]

Infrastructure, skilled workforce are keys to Burmese economic growth

Despite an influx of foreign investment and large resource base, Myanmar’s exponential growth in gross domestic product (GDP) could be held back by inadequate basic infrastructure and a lack of skilled workers, says a Yangon-based business and market entry adviser. Jean-Pierre Verbiest, an economic and finance expert at West Indochina, said Myanmar, officially known as […]

Myanmar’s telecom dividend

Myanmar starts to see the development of its telecom sector after decades of inactivity, the investments by multinational businesses are creating an opportunity for new jobs for skilled Myanmar workers, especially those who have some kind of experience abroad. Telenor of Norway and Ooredoo of Qatar have promised to fill many job opportunities, and their […]

Foreign investment in private healthcare limited to 70pct

Foreign companies will only be allowed to invest in private hospitals and clinics on a 70:30 ratio with local partners, according to the Deputy Health Minister. Deputy Health Minister Dr Thein Thein Htay made the remark in response to a question raised by MP Dr Aung Than on the government’s agenda for private health services […]