fbpx

SMEs need more funding, support system to expand further

Efforts to support small and medium enterprises (SMEs) over the past three years have so far not been sufficient to generate meaningful growth for the economy, experts said. While a higher volume of loans were dished out by state-owned and local banks, only a few SMEs have successfully expanded their operations in the past three […]

Myanmar’s regulations hinder trade with Vietnam

Hanoi (VNA) – Many Vietnamese firms have shifted their focus to new markets like Myanmar but doing business in the once-isolated nation is not easy, largely due to its poorly-crafted business regulations. Vietnam is one of the first countries to promote trade with Myanmar, said Vu Cuong from the Ministry of Industry and Trade, adding […]

Accor flies Mercure flag in Yangon

YANGON, 26 April 2018: After an extensive renovation, AccorHotels officially raised the first Mercure flag over a property in Myanmar’s commercial capital last week. Unofficially, the former Micas Hotel Apartments was rebranded Mercure Yangon Kaba Aye in the third quarter of 2017 and remained open for business, during a renovation that ended in March. Last […]

Popularity Grows for Mc jeans in Myanmar, Inroads into Mid-East

CONSUMERS in Myanmar spend an average eight per cent of their shopping budget on apparel and MC Group Public Company Limited is proud to be among the top three jeans brands there. “We have received good response from people with middle and high incomes,” Jarintorn Vimolkiattisak, MC Group’s head of International sales & marketing, said […]

Businesses Help Shape New Tax Law

The event, entitled “CFO Conference”, led to fruitful discussions and a paper based on the participants’ suggestions would be submitted to authorities concerned, according to Ye Min Aung, vice president of UMFCCI and managing director of Myanmar Agribusiness Public Corporation, who leads the organisation’s tax working group. “We decided to work closely with the government […]

Labour Official Upbeat on Migrants-to-Malaysia Restart But no Date Set

​​ A suspension on sending migrant workers from Myanmar to Malaysia will be lifted when political conditions in the latter improve and the safety of labourers can be better assured, according to U Thein Win, director of the Ministry of Labour, Immigration and Population’s Migrant Affairs Department. The decision earlier this week to cut off the […]

Thailand and Burma Set Sights on Boosting Bilateral Trade

On the heels of the launch of the Asean Economic Community in January, Burma and neighboring Thailand are making plans for a multi-billion dollar trade boost next year. Thailand is second only to China as Burma’s largest trading partner, and both countries are hopeful that they can make strides toward growing total trade volume by […]

Incentives needed to legalise business, says DICA chief

According to the Directorate of Investment and Company Administration (DICA), around 71,000 companies have officially registered since 1988 when Myanmar amended its investment laws. This number is lower than the official figures in other ASEAN nations. However, DICA’s director general U Aung Naing Oo stressed that the real number of companies in Myanmar is much […]