Re-export sugar licences with China suspended: govt

Issuance of re-export sugar licences with China have been suspended, according to U Aung Htoo, deputy commerce minister on September 27. This recent measure comes in light to solve the problem of currency manipulation. However, he added that it’s a temporary decision and will be reconsidered if businesses and foreign currency stabilises. In face of […]

Myanmar land management encounters challenges such as lack of following rules and regulations and corruption

Vice President U Henry Van Thio delivers an address at the National Land Use Policy Forum at Myanmar International Convention Centre-2 on October 2. Myanmar land management is coming across different forms of challenges such as lack of abiding by rules and regulations and corruptions, said Vice President U Henry Van Thio. The remarks came […]

Fisheries sector not developing due to no funding

Investments in Myanmar’s fisheries sector are almost all from the private sector and it is time to consider more help from the government for the sake of improving domestic food security and generating more revenue from exports says U Win Kyaing, general secretary of the Myanmar Fisheries Federation. The lack of financing is one of […]

Freight charge increases by 10 pc

Most highway cargo transport vehicles have suspended their services due to rising fuel oil prices and a shortfall of goods. General freight charges for highway cargo transport vehicles have increased by 10 per cent, according to Myanmar Highway Freight Transportation Service Association. Aung Moe, Secretary of Myanmar Highway Freight Transportation Service Association, said: “Cargo transport […]

Innoveller drives digitisation of express bus industry in Myanmar

DOMESTIC travellers in Myanmar no longer need to queue up at the bus stations for their tickets thanks to an innovative back-end infrastructure network developed by three young technicians who returned to Myanmar to establish Innoveller Co after studying and working overseas for years. Kyaw Kyaw Win, co-founder and chief executive of Innoveller Co, known […]

Myanmar freelancer platform Chate Sat raises 6-digit funding to expand its team

Technolic, the parent company of Myanmar-based freelancer platform Chate Sat, has raised a six-digit funding in a Pre-Series A round led by Singapore-based angel investors, Willy Ballmann and Keizo Fujitake. The company will use the newly-raised capital to grow its internal business resources and expand its team. Launched in 2016 by Phandeeyar Accelerator Cohort 1 […]

‘Window is closing’: business leaders vent frustrations over govt’s economic performance

Business leaders in Myanmar have cast serious doubts on the government’s management of the economy for the last 2.5 years, with one domestic investor warning that “the window is closing” on reforms and a leader of an Asian business group criticising Nay Pyi Taw as working “in silos” and having “no urgency to get things […]

Yangon gov’t makes losses in bus services: Auditor General

Yangon Region government took a loan of Ks-eight billion from Ayeyarwady Bank as it had no sufficient money to buy 1,000 new buses, according to an audit report submitted by Khin Than Hla, Yangon Region Auditor General for 2016-2017 fiscal year, at the session of Yangon region parliament on September 14. On behalf of Yangon […]

China Enterprises Chamber of Commerce established in Myanmar

The opening ceremony of China Enterprises Chamber of Commerce in Myanmar (CECCM) was held in Myanmar’s largest city of Yangon late Friday. Speaking at the event, Union Minister for Commerce Than Myint called for cooperation to elevate bilateral Paukphaw (fraternal) friendship between Myanmar and China to the level of comprehensive strategic cooperative partnership between the […]

Fitch Solutions downgrades Myanmar’s construction outlook on Rakhine and reform inertia

Consulting firm Fitch Solutions Macro Research downgraded the growth forecast for Myanmar’s construction industry, saying economic reforms which would boost infrastructure development had been knocked off course and the northern Rakhine crisis would weigh on the economy. Fitch Solutions Macro Research, a unit of London and New York-headquartered Fitch Group, on Friday cut the expectations […]