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IFC, UMFCCI work to improve food safety in Myanmar

IFC, a member of the World Bank Group, signed an agreement with the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) to help food sector companies address and improve food safety practices. Another goal is to develop the country’s agribusiness sector to increase exports, draw investments, and generate jobs. According to IFC, […]

Government Subsidy of Electricity Bill Hindrance to Development of Sector

​​ Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in […]

Government Currently Subsidising Electricity Bill

​​ Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in […]