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EU’s threat to scrap trade preferences spurs Myanmar’s reforms

Economic reform is getting a second wind in Myanmar as the government tries to lure back foreign investors scared away by reports of human rights abuses against the country’s Rohingya Muslim minority. The government has announced the easing of restrictions on foreign banks and the creation of a new ministry to oversee foreign investment in […]

Textiles a key focus of trade push between Myanmar and Taiwan

SEEKING to build on the rapid growth in trade between Taiwan and Myanmar, industry bodies from the two sides have signed two memorandums of understanding at a Taiwan-Myanmar Industrial Collaboration Summit. Myo Thet, vice president of the Union of Myanmar Federation of Commerce and Industry (UMFCCI), said the agreements would help boost bilateral economic ties, […]

FMI terminates investment in Yeni Industrial Town Project

First Myanmar Investment Company (FMI) yesterday announced the termination of its agreement to invest in Asia Golden Glory Development Co, the company involved in developing the Yeni Industrial Town Project. In an announcement filed with the Yangon Stock Exchange, FMI said it had terminated a 2017 agreement for it to acquire a 30 percent stake […]

Sudima’s conservative approach to success

AS a young entrepreneur, Anil Kumar Jhunjhnuwala felt that his father’s approach to business was too conservative for his liking. But time and experience have changed those sentiments. “I can see now why taking a conservative and calculated approach was the right choice,” he says. This approach to business has borne fruit for the managing […]

Live cattle top Myawaddy export list

OF the nearly 40 billion baht (US$1.1 billion) worth of trade that passed through the Mae Sot and Myawaddy border posts last fiscal year, about 90 percent, or 36 billion baht worth, represents exports from Thailand to Myanmar, according to Thai statistics. The Thai fiscal year runs from October 1 to September 30. Thai customs […]