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Colliers Myanmar Flexible Spaces: A New Offering On The Block

Summary & Recommendations Globally, the number of companies opting flexible workspaces has been gradually growing annually and is predicted to reach an unprecedented level in the next three to five years. With four million new businesses being registered worldwide just in one year, flexible spaces are seeing increasing demand from both small-scale enterprises and multinational […]

Traders expect better business on wider trade financing options

Now that the Central Bank of Myanmar (CBM) has allowed a total of seven foreign banks to provide trade financing services in Myanmar, traders are anticipating much better business in the months ahead. Last December, the CBM permitted 13 foreign banks to apply for approval to offer trade financing services in the country. Since then, […]

Minister decries cost of rice exports to China

It costs more to transport a tonne of rice from Yangon to Muse, Myanmar’s main border gate with China, than it does to ship it to Africa, Minister of Commerce Win Myint said. Each tonne of rice costs US$80 to transport from Yangon to Muse, said the minister. “The amount is higher than the cost […]

Policy changes disrupting for car importers

Local car dealers tired of losing money due to frequent and erratic policy changes regarding imports blame the government for creating an unstable market. Since allowing imported vehicles into the country in 2011 as part of nationwide reforms, the auto sector has seen gradual and sweeping policy changes aimed at regulating the market, while attempting […]

Foreign teams at SEA Games to receive free SIM cards

Myanmar Post and Telecommunication plans to issue 30,000 free SIM cards to foreign athletes, coaches, referees and team officials during the SEA Games next month, it said on November 19. The cards will be valid for three-months, the NPT’s deputy general manager in Naypyitaw, U Thein Hoke, told Mizzima in a telephone interview from Yangon. […]