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Car makers up local production despite challenges

Car makers in Myanmar have been increasing production of locally assembled automobiles in response to higher demand. Suzuki Myanmar Motor Co Ltd this year produced 15,000 vehicles compared to 12,000 in 2018, representing a 25 percent increase in year-on-year production, the company said. “We are more producing more brand new motors based on our factory […]

Cooperation, Lack of Accountability Biggest Challenges for Anti-Graft Body, Says Chairman

YANGON— Anti-Corruption Commission Chairman U Aung Kyi told the Union Parliament on Monday that an unwillingness to cooperate, as well as a lack of accountability and transparency, are the commission’s biggest challenges. “To effectively prevent internal corruption, it depends on the efforts of 200 heads of governmental departments and enterprises across the country,” he said, […]

Businesses call for policy changes to enable smoother operations

A February 22 meeting between the Private Sector Development Committee led by Vice President U Myint Swe and entrepreneurs from the Union of Myanmar Federation Chamber of Commerce and Industry (UMFCCI) saw the fisheries, steel-making, vehicle manufacturing and distribution and border trade promotion sectors call for policy changes to ease the challenges they face when […]

Progress for local entrepreneurs, but challenges still exist

Trust and relationship building between investors and entrepreneurs is really important to grow a start up or a business. Daw Thiri Thant Mon, Myanmar representative for the UK’s development finance institution CDC Group said entrepreneurs should see investors as a partner. “Try to ensure win-win situations, good partnerships will help not just finance, access to […]

Garment industry in Laos continues to face challenges

Apparel firms in Laos are facing several problems ranging from shortage of skilled labour to survival, according to the Association of the Lao Garment Industry. Customers want quality and the manufacturers have little power to bargain the buying prices as their costs rise, association president Xaybandith Rasphone told its eighth general assembly last month. Shortage […]

Dutch expertise to support Yangon’s water management

Yangon’s regional government will receive support to tackle challenges regarding urban water and water logistics by a coalition of Dutch companies and organisations. The companies signed an agreement with the authorities to improve water supply, resources, governance and innovation; and oversee sriver transport, dredging and tunneling. The agreement is a 3-year programme under the Dutch […]

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 […]

Eaton to optimise Myanmar’s power solutions

EATON CORPORATION PLC, a multinational power management company with 2017 sales of US$20.4 billion globally, expanded into the Myanmar market last week by signing a partnership agreement with Myanmar Golden Rock International Co (MGR), according to Kidsada Santisak, the firm’s country manager for Indochina West. “At Eaton, we have a global marketing intelligence team to […]

Venturing into Myanmar: Opportunities, misconceptions and challenges

1. What are some of the latest developments in Myanmar right now? Myanmar is expected to remain an outperformer in Asia, with real GDP growth estimated at 7.1% a year in 2018/19 – 2022/23. Even though the United States lifted sanctions in October 2016, overall foreign investment has declined. The amount of foreign investment approved […]

130 MW solar project announced in Myanmar

Thailand-based Modern Energy Management (MEM) says it has teamed up with an undisclosed investor to develop a 130 MWp solar PV project in Myanmar. It is expected to come online in Q4 2019. Overall, the country is said to have a large-scale solar pipeline totaling 1.5 GW. The renewable energy advisory firm will reportedly help […]