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‘Creating triple wins’: inclusive business in Myanmar

They can create new income opportunities for the poor by engaging them in the value chains of profitable businesses while paying better than market rates. They can also provide goods and services to the poor that address key needs in areas such as health, education, housing, finance, water and sanitation. Inclusive businesses are typically profitable […]

UK aid agency invests $1.1m to build Myanmar’s micro-insurance

The UK Department for International Development (DFID) and a Swiss insurance technology firm are set to invest US$1.1 million (K1.7 billion) in Myanmar’s micro-insurance market. The aim is to reach 600,000 people in a bid to expand and develop the country’s insurance and risk-transfer market. Stonestep AG, a Swiss micro-insurance technical services company, and the […]

Myanmar pig farming initiative announced

The DaNa Facility, a UK government Department for International Development (DFID) funded programme, and De Heus Myanmar, an international animal feed business, have announced a joint investment of over US$3.2 million in a project focused on increasing the income and productivity of pig farmers across Myanmar. They said it would be the largest single business […]

Yangon’s new town plan expected to create about 900,000 job opportunities

The intended area for Yangon’s new town plan will cover up to 168,000 acres, and 20,000 acres of which will be used for the first phase and it is expected to create about 900,000 job opportunities, accord to the Socio-Economic Mater Plan of New Yangon Development Company. New Yangon Development Company (NYDC) hired top management […]

Myanmar female garment workers in fear of violence

Business involved in Myanmar’s garment industry should take steps to ensure better safety and welfare of female employees, a new report recommends, as findings suggest women workers are in fear of rape and robbery. The report, ‘Women, work and violence in Myanmar, Nepal and Pakistan,’ conducted by IMC Worldwide, University of Portsmouth and the International […]

Tanintharyi’s Citizen’s Budget to Focus on Infrastructure Development

Tanintharyi’s regional government is spending heavily on infrastructure and its 2017-18 budget focuses on electricity, roads and bridges as well as low-cost housing, Chief Minister Daw Le Le Maw told The Myanmar Times on January 22. Out of the approved budget of K157.45 billion for 2017-18 fiscal year, K119.86 billion has been allocated for electricity, roads and bridges, […]

Dala-Twantay New Town is First Priority in Yangon Development Plan

​​ Plans are underway to establish numerous projects, including Dala-Twantay new town, a new airport, a deep seaport and a special economic zone on Dala side, Thilawa side and Kungyangon’s adjacent areas, according to a draft of the Yangon Urban Development Strategic Plan. Investment of US$15.86 billion has already been made in Dala-Twantay new town, […]

Dirt-poor Chin State hidden gem for investors

THE regional government in Chin State, together with the Directorate of Investment and Company Administration (DICA) and a UK-funded initiative, hailed Chin as a hidden gem overlooked by domestic and international investors. Renewable energy, tourism, agribusiness, weaving and urban development are pitched as key areas for development. Chin State, the least developed among Myanmar’s 14 […]

ODI Urges Myanmar to Raise Chinese FDI in Garment Units

Myanmar should take steps to raise foreign direct investment (FDI) from China in labour-intensive sectors, such as garments, to boost the country’s economic transformation, according to a briefing paper published by UK-based think tank Overseas Development Institute (ODI). Given its economic size and proximity, China should be the preferred partner, it says. The briefing paper by […]

More FDI essential for substantial increase in garment exports

The study called for an expansion of training in the garments sector to tackle shortages of high-level skill as well as complementary reforms in finance and trade policy. The briefing paper Foreign direct investment and economic transformation in Myanmar, written by Stephen Gelb, was published in June 2017 by Supporting Economic Transformation (SET). Funded by […]