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Us businesses eye expanded Myanmar investment

As Myanmar’s government is making efforts to revive the economy through foreign investment, US companies say they are keen to expand their involvement, according to a leading trade body. The US-Asean Business Council in Yangon met on Monday and included representatives of 12 US companies and the Union of Myanmar Federation of Chambers of Commerce […]

South Korean President Enhances Bilateral Economic Ties with Myanmar

YANGON- The president of South Korea pledged to accelerate Korea’s economic presence and to cooperate on development in Myanmar after meeting with the Myanmar State Counselor in Naypyitaw on Tuesday. The trip is a part of his “New Southern Policy” to deepen relations with Southeast Asian nations, including in the economic realm. Moon Jae-in arrived […]

Moon presents S. Korea-Myanmar partnership vision at Yangon business forum

On a visit to Myanmar’s largest city, South Korean President Moon Jae-in laid out his vision Wednesday for closer partnerships between the two nations, with a focus on revving up cooperation on infrastructure and culture as well as promoting people-to-people exchanges. He was addressing a business forum in Yangon, the economic hub of the Southeast […]

Despite Critical Remarks, Malaysia Keen to Invest in Myanmar

YANGON—Depite Malaysian Prime Minister Mahathir Mohamad’s remarks criticizing Myanmar’s political and military actions in Rakhine State, Malaysia will maintain its economic ties with Myanmar, Malaysian Ambassador to Myanmar Zahairi Baharim said at a press conference concerning the upcoming Malaysia-Myanmar Connect 2019 business forum meant to increase economic engagement between two countries. In an exclusive interview […]

Govt again proposes tax amnesty on undisclosed income

The government is again proposing to reduce the tax rates on undisclosed incomes so that more will be willing to pay the taxes owed on those incomes. The proposal, which was part of the Union Tax Bill submission for the new 2019-20 fiscal year beginning October 1, was submitted to the Pyidaungsu Hluttaw on August […]

Myanmar tycoon Serge Pun joins panel in North Korea

Influential Myanmar tycoon Serge Pun, owner of one of Myanmar’s largest conglomerates, is currently in North Korea as part of an exchange program organized by the Singapore-based CHOSON Exchange, an organization that brings professionals from around the world to connect with North Korean university students, institutions and officials. Serge Pun’s Yoma Strategic Group, listed on […]

India-Myanmar: partners in progress

After decades of isolation, India’s eastern neighbour – Myanmar is now perceived as a link to new markets. The transformation of ‘Look East Policy’ into the much coveted ‘Act East Policy’ has also added to the significance of Myanmar in India’s foreign policy considerations. Over the years, India’s policy towards Myanmar has been largely shaped […]

What Industry 4.0 Demands of Myanmar

It is of primary importance, Myanmar Minister of Industry U Khin Maung Cho told the more than 100 gathered at the Novotel Yangon Max hotel Friday morning for the Industry 4.0 in Myanmar conference, to create an inclusive digital economy. Industry 4.0—a term with a fluid definition but that generally refers to commercial and industrial […]

Young Myanmar textile entrepreneurs to attend China study programme

Young entrepreneurs from Myanmar will visit China under a programme to study textile and garment manufacturing technologies in the first week of June, according to the Myanmar Textile Manufacturers’ Association. The Guangxi Economic and Trade Vocational Institute, the Ministry of Industry, and the MTMA jointly launched the scholarship programme on 28 March at the Sedona […]

Domestic airlines need mergers, partnerships to sustain

There is a need for domestic airlines to merge or form partnerships with foreign airlines in order to sustain themselves in the longer-term. Stakeholders believe that the way forward for domestic airlines, which continue to be loss-making due to lower number of passengers and higher costs, would be to either merge their operations or form […]