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SMEs need policies tailored for growth to flourish: MRCCI

The Mandalay Region government needs to have specific policies to boost small-and-medium enterprises (SMEs) in order to attract and grow high-skilled jobs. The Mandalay Region Chamber of Commerce and Industry (MRCCI) unveiled the 2019-2022 Mandalay Region Business Agenda last month suggested several initiatives including for taxation, regulations, labour and education that the regional government can […]

Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

Only Suu Kyi Speaks for NLD, Party Says After Speaker Slip

The National League for Democracy (NLD) announced on Friday that party chairwoman Aung San Suu Kyi is the only person authorized to speak publicly about the party’s policy decisions. In a statement shared on social media, the NLD said it has to “handle things delicately at present,” as the party prepares to assume power after […]

Embattled Motor Vehicle Law to Become Public in September

In order to inform the public about the draft Motor Vehicle Law, the Myanmar Motor Vehicle Producers and Distributors Association will publish a draft of the law by the end of September. Comments and suggestions from the public will be allowed to revise the draft law, Dr Soe Tun, chairman of the association, said. “The […]

Baby steps as Myanmar seeks help on ethnic integration and expats

AUSTRALIA and Myanmar signed a memorandum of understanding yesterday that will make a serious contribution to Myanmar controlling its borders and, just as important, working to create a situation in which it can welcome back people from its sizeable international diaspora who would like to return home. But first, just a smidgin of context. In […]

Huge growth potential for Myanmar’s insurance industry

One in 86 people in Myanmar has insurance policies. This means huge growth potential, but not everyone is convinced that the country is ready to open the market to foreign firms. YANGON: Myanmar may only allow foreign insurance firms to operate in the country in 2018. The government had earlier signalled it may open the […]