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International partnerships drive transparency among Myanmar companies

Good corporate governance is what attracts investors, such as International Financial Corporation (IFC), for companies, according to the findings revealed by the latest transparency report. The report also points to the very poor disclosure record and absence of corporate governance by companies which are registered at Directorate of Investment and Company Administration (DICA) as “public” […]

Overseas demand for locally-produced coffee expected to rise in 2018

Prospects are looking good for the Myanmar coffee industry, with coffee prices kicking off the New Year on a high level and domestic market conditions looking rather positive, coffee plantation workers said. The market price for ripe coffee cherries harvested in December is now K800-K900 per viss (1.6kg), which is at the higher end of […]

Bangladesh losing its geo-economic importance to Myanmar

The Rohingya refugee crisis has exposed Bangladesh’s diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem. China rendered its support to Myanmar at the UN so that the country does not face any immediate threat such as sanction. The United States’ intention to solve […]

Global standards issued for local coffee producers

IN a bid to promote local coffee to the international market, the Agriculture Department will be issuing a Good Agricultural Practice (GAP) certificate to qualified local coffee producers this year, said Daw May Thet Hlaing, a coffee expert from the Coffee Research, Information, Extension and Training Centre. Local coffee producers who meet a list of […]

Foreign investment in Myanmar hits over 3 bln USD in first half of FY 2014-15

Foreign investment in Myanmar hits over 3 bln USD in first half of FY 2014-15 YANGON, Feb. 25 (Xinhua) — Foreign direct investment in Myanmar hit 3.676 billion U.S. dollars in the first half (April- September) of the fiscal year 2014-15, according to the Foreign Investment Commission Wednesday. The commission told the ongoing parliament that […]

Visa on Arrival (VOA)

The Visa on Arrival (VOA) scheme has been in existence since June 2012. There were some initial hiccups in the system but all the kinks have been ironed out and the system is working smoothly now. The VOA scheme is targetted at business travellers. You should be able to get your business visa within 5 […]