Aust’s investment poised to rise after Chambers’ merger

Australian investors’ interest in Myanmar is forecast to rise, thanks to the recent merger of the country’s two chambers of commerce in Yangon. Jodi Weedon, CEO of the new AustCham Myanmar, said the new organisation would be formed following a memorandum of understanding signed on August 14. She said the merger would enable one unified […]

World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]

UMFCCI plans survey of business conditions

The Union of Myanmar Federation of Chambers of Commerce and Industry plans to use information gleaned from a business survey it begins this month to help the government formulate economic policy. The survey will also help the government to decide which sector or sectors to promote when the Asean Economic Community takes effect in 2015, […]