Rice sector faces long struggle

Whatever steps the incoming government may be contemplating to spur investment, agricultural experts see little improvement in the short term for rice cultivation. Even long-term development will be a drawn-out struggle, said Myanmar Rice Federation general secretary U Ye Aung. In a recent interview with The Myanmar Times, U Ye Aung said barriers to raising […]

Companies begin to feel the heat as import costs climb

Myanmar’s plummeting currency has prompted a vicious circle of rising prices in the import-dependent economy, in which even export-driven companies face rising costs, say businesspeople. New laws and regulations are urgently needed to control the kyat, they said, which has fallen by more than 25 percent to the US dollar this year to K1300 yesterday, […]

Pro 1 Home Center – One Stop Service for building and construction materials

As a country’s economy grows, so does its need for a better infrastructure, and with it there also comes a greater demand for building materials. Pro 1 Home Center was brought into being to meet those infrastructural needs of Myanmar’s developing economy. The following is what U Myo Htwe, Managing Director of the Center, said […]

Businesses worry red tape will remain an obstacle despite reforms

Cutting red tape in line with regional standards is going to be an uphill struggle for many government departments, experts said, as the government has instructed its ministries to simplify bureaucratic procedures to meet ASEAN standards by the end of March. U Tin Maung Than, director and senior research fellow of Myanmar Development Resource Institute […]

Yangon hardware store sets up shop

The country’s first modern construction supply warehouse for home owners and construction companies is now open for business in Yangon. The shop, Pro1 Home Center, opened its doors in Insein township on January 7, boasting an extensive stock of construction materials and international brands from roofing to flooring and various high-quality SCG products. U Myo […]