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Offering high hopes of realizing full growth potential from upcoming Rakhine State Investment Fair

Rakhine State has naturally an inherent potential for growth. But it has lagged behind other Regions and States in terms of commerce and social development after Independence in 1948 which has been invested with several kinds of insurgency. Economic development plays an important role in overall developments in Rakhine State; it is an agriculture-based State. […]

Young Yangon entrepreneurs get business skills boost in Myanmar

Students, entrepreneurs and businesswomen were among the first graduates of an UNCTAD entrepreneurship training course held in Yangon, Myanmar, in partnership with the United Nations Development Programme (UNDP) and international telecommunications company Ooredoo from 15–20 December. The course was a pilot with UNDP to assess the applicability of UNCTAD’s Empretec entrepreneurship training methodology in the […]

Why Myanmar matters so much for India

President Ram Nath Kovind will be on a four-day state visit to Myanmar starting on December 10. This will be the fifth high-level visit between the two countries in the last four years. Prime Minister Narendra Modi’s visit last year was the third by an Indian prime minister in five years and his second in […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

New dawn for remote Andaman Sea island tourism

Few have heard of the Mergui Archipelago, and even fewer have managed to visit the 400km string of scattered islands in the Bay of Bengal’s Andaman Sea. Most of the 800 offshore islands are uninhabited, apart from a few seasonal settlements of the seafaring nomadic Moken, and some Burmese fishing villages The jungle-clad limestone and […]

Retail and F&B spurs improved Q2 results for Singapore Myanmar Investco

Investment and management company Singapore Myanmar Investco (SMI) has reported a small pre-tax profit of US$72,000 for the second quarter to 30 September, reversing losses on the back of a strong performance from its duty free and other retail activities. For the same period last year, the group – which seeks to capitalise on consumer […]

Print is not dead

Paul Lim, general manager of MCM Printing, talks about how his industry is being disrupted and how the company is fighting back. Printing has been among the industries most disrupted by digital technologies in recent years. Not only are consumers bypassing physical printed products such as newspapers and magazines in favour of electronic content, businesses […]

Thinking global, acting local

They were born at a time when Myanmar was in the throes of irreversible change; when the dictatorship that gripped the country for decades was losing its stranglehold on the people’s unrelenting and uncompromising bid to regain their freedom. They were too young to understand the 1988 Uprising, but some of them were already old […]

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 […]

Govt deploys strategy to raise tax revenues

Myanmar will implement plans to raise tax revenues in the coming years. “Our target is collect over 15 percent in taxes to GDP,” said U Min Htut, director general of the Internal Revenue Department under the Ministry of Planning and Finance. The tax to GDP ratios of other ASEAN countries are all above 10pc, with […]