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Agricultural sector contributes to 30 pc of GDP

The socio-economic status of most farmers remains low even though the agricultural sector accounts for about 30 per cent of the GDP, President U Htin Kyaw said in his message to the ceremony to mark the Peasants’ Day which falls on March 2. Around 70 per cent of the country’s total population is living in […]

Myanmar’s Historical High School Awarded as Heritage Building

​ YANGON, Jan. 22 (Xinhua) — The over a century-old Basic Education High School (BEHS) No.-1, Dagon in Myanmar’s former capital of Yangon has been awarded a blue plaque to be marked as an ever-memorial heritage building by the Yangon Heritage Trust, according to the education authorities Monday. The historical school is known as having […]

VC funding in tech on the rise even as trading on YSX dips

The Myanmar Stock Price Index hit an all-time low at the close of trading last week, closing the second week of the year at 450.14, down by almost 5 percent during the week. Over the period, only shares of Myanmar Thilawa SEZ Holdings (MTSH) were significantly traded. The company released its results for the six […]

Myanmar government relaxes restrictions on foreign investment

Myanmar issues a new Myanmar Companies Act to attract foreign investment. The local companies are expected to take their businesses to a level. Editorial On 6 December 2017, Myanmar’s President U Htin Kyaw signed a new Myanmar Companies Act. The government aims to improve the investment environment and attract more foreign investors. “The Myanmar Companies […]

New Companies Law a game changer for bourse

The enactment of the new Myanmar Companies Law will bring about change for local companies listed or planning to list on the Yangon Stock Exchange (YSX), leading to further development in the economy. Under the new Companies Law, which was officially signed into legislation by President U Htin Kyaw on Wednesday, foreigner investors will now […]

Myanmar Companies Act approved

President U Htin Kyaw signed the Myanmar Companies Act at the Pyidaungsu Hluttaw Wednesday, approving the most anticipated piece of legislation in the country this year. Under the new Myanmar Companies Act, foreigners will be permitted to take up to a 35 percent stake in local companies. It also stipulates that businesses with foreign stakes […]

Peace process is the way forward

The government will not back down from the peace process despite the hardships it faces getting all ethnic armed groups to the negotiating table, State Counsellor Daw Aung San Suu Kyi said Sunday at the second anniversary of the signing of the Nationwide Ceasefire Agreement (NCA). “It is the second anniversary of the signing. There […]

New Companies Law Submitted to Parliament

NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]

What Did the Philippines’ Duterte Achieve During His Myanmar Trip?

From March 19-21, Philippine President Rodrigo Duterte was on a two-day official visit to Myanmar. Apart from affirming the importance of the bilateral relationship, the trip was part of his swing through Southeast Asia during Manila’s chairmanship of the Association of Southeast Asian Nations (ASEAN) (See: “Duterte’s ASEAN Tour Continues With Singapore, Cambodia Visits”). On […]

K30b From Reserved Fund for Yangon’s Power Needs

​​ President U Htin Kyaw has asked the Pyidaungsu Hluttaw to approve the allotment of K30 billion from the reserve fund of the 2016 Union budget for the purchase of generators to meet the increasing electricity needs in Yangon Region. The proposal was made in a formal message distributed to the Hluttaw representatives on March […]