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‘Tip of the iceberg’: finance minister pledges to address illicit trade

Smuggling is costing the government heavily in lost revenue; poor enforcement means that for every 5,000 cans of beer brought into the country illegally, only one is seized. THE ANTI-Illicit Trade Forum did not begin like your typical conference or workshop. When Minister for Planning and Finance U Soe Win and Auditor General U Maw […]

Myanmar, Thailand accelerate plans to link, electrify Dawei SEZ

Myanmar and Thailand will speed up development of a Special Economic Zone (SEZ) and deep sea port at Dawei in Tanintharyi Region, officials said during the 9th Myanmar – Thailand Joint Coordinating Committee meeting last week. Basic infrastructure such as roads connecting the SEZ to Thailand and necessities like electricity will be prioritised and carried […]

Traders call for higher trade volumes with Thailand as deal ends

A special agreement for Myanmar to export maize to Thailand has ended, the government announced recently. The deal was initially signed last year after China imposed restrictions on its imports of maize. In search of new markets for its maize, Myanmar negotiated a deal with Thailand. “The timeframe for the exports of Myanmar maize to […]

Second board to enable trading of non-listed companies planned

A second board will be established to enable the public to trade shares of companies that are not listed on the main board of the Yangon Stock Exchange (YSX), U Htay Chun, member of the Securities and Exchange Commission of Myanmar (SECM), said earlier this month. The move is expected to create an official platform […]

UK shifts trade policy on Myanmar to open markets further

Britain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the […]

Myanmar woos Thai investors in Bangkok

Myanmar is participating in regional connectivity initiatives in efforts to improve bilateral ties with its neighbours and promote investment and trade. Myanmar has implemented a number of significant reforms in the economic, political and social spheres aimed at creating new opportunities for investors, which includes those from Thailand, State Counsellor Daw Aung San Suu Kyi […]

Despite Critical Remarks, Malaysia Keen to Invest in Myanmar

YANGON—Depite Malaysian Prime Minister Mahathir Mohamad’s remarks criticizing Myanmar’s political and military actions in Rakhine State, Malaysia will maintain its economic ties with Myanmar, Malaysian Ambassador to Myanmar Zahairi Baharim said at a press conference concerning the upcoming Malaysia-Myanmar Connect 2019 business forum meant to increase economic engagement between two countries. In an exclusive interview […]

South Korean president to visit Myanmar on sept. 3

South Korean President Moon Jae-in and his wife will pay a state visit to Myanmar on Sept. 3 at the invitation of the Myanmar President and First Lady. The visit will be part of Moon’s six-day tour of the region beginning Sept. 1 to build closer ties with Southeast Asian countries. He will first visit […]

China Leads Investment in Yangon

YANGON—China was the largest investor in Myanmar’s financial hub, Yangon Region, in the first nine months of the current fiscal year, according to the Directorate of Investment and Company Administration (DICA). China is already the second-largest investor in the country. The director of DICA’s Yangon Region Office, U Myo Khaing Oo, said on Wednesday that […]

Centre set to help improve productivity in Myanmar

Myanmar’s plans to raise economic productivity through improving human capital development will now be backed by the Myanmar Productivity Centre (MPC), an agency that aims to help the economy move up the value chain. The MPC was launched on June 22 with the support of the Ministry of Industry (MOI), Union of Myanmar Federation of […]