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Interview with Mr. Okka Phyo Maung, co-founder and CMO of RecyGlo Myanmar

A few words about your business in Myanmar and the sector you are working in? At RecyGlo, we’re committed to providing environmentally friendly recycling solutions to Business and individual using our innovative logistics solution and market place for waste and second-hand training platform in South East Asia. Founded in May 2017, our mission is to […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]

Central Bank provides new details on foreign-bank directive

Foreign banks will be allowed to expand their branch networks in Myanmar next year, according to two senior officials of the Central Bank of Myanmar (CBM) yesterday. “More foreign bank branches will be allowed next year. Foreign banks can no longer be blocked from doing business in Myanmar because the local banks are not developed […]

FDI has risen under the NLD: U Set Aung

Foreign direct investments (FDI) have increased under the NLD government, said U Set Aung, deputy minister for planning and finance. “The total approved FDI during the two years from April 2016 to the end of March 2018 under the current government is 16 percent of the total FDI approved during the entire period from 1988 […]

Faster, easier loans for Mandalay SMEs

The chair from Loan Implementation sub-committee, U Maung Maung Win, who is also the deputy minister for planning and finance, headed the meeting. It was held on Sunday at the Mandalay Regional Chamber of Commerce (MRCCI) premises. U Maung Maung Win said a working committee will ensure that a separate loan facility will be set […]

Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Rakhine State Plans to Export 10,000 Tons of Beans to India

Rakhine state plans to export 10,000 tons of Matpe beans to India in the cur­rent fiscal year, which be­gan in April. Official media reported that arrangements are underway to plant Matpe beans in the state during the coming rainy season and will export the sur­plus to the neighboring country, Rakhine State Minister of Planning, Revenue […]

Japan Pledges $824m Loan For Five Infrastructure Projects

​​ Myanmar will re­ceive an $824 million soft loan from Japan for five infra­structure development projects, including the upgrade of the Yangon- Mandalay railway and the Yangon Regional Water Supply Project. Deputy Minister for Planning and Finance U Maung Maung Win signed the MoU with the Japanese ambassador to Myanmar, Tateshi Higuchi. The loan will […]