fbpx

Traders expect better business on wider trade financing options

Now that the Central Bank of Myanmar (CBM) has allowed a total of seven foreign banks to provide trade financing services in Myanmar, traders are anticipating much better business in the months ahead. Last December, the CBM permitted 13 foreign banks to apply for approval to offer trade financing services in the country. Since then, […]

Furniture Industry Tables Tax Breaks to Boost Exports

​​ Tax incentives and reformed timber laws could rescue Myanmar’s neglected furniture industry and help it become a regional powerhouse, say forestry industry sources. At a December 1 meeting with Vice President U Myint Swe, they called for government support in ending and reversing what they called a 25-year decline in furniture manufacturing. U Kyaw […]