Business group vows to help 7000 Yangon workers get ID cards

The Union of Myanmar Federation of Chambers of Commerce and Industry vowed to help some 7100 workers in Yangon Region’s 14 industrial zones to get their national registration cards (NRCs), a senior executive of the organisation said. Daw Khine Khine Nwe, associate general secretary of the federation, said yesterday that his group will secure the […]

Yangon to Take Part in Upgrading of Industrial Zones

​​ The Yangon Regional Government will upgrade the industrial zones located within Yangon Region to encourage further investments and development, U Phyo Min Thein, the region’s Chief Minister said during a meeting at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry late last week. There are 29 industrial zones […]

Govt Sticks to Courageous Target as Myanmar Slips Down in World Bank’s Doing Business Rankings

Myanmar is in fact slipping further away from the govt’s target of reaching top 100 in the Doing Business index by 2020. It remains to be seen how Nay Pyi Taw could deliver this commitment. DESPITE the fact that Myanmar has fallen one place last year in the World Bank’s Doing Business rankings, Nay Pyi […]

Government Reaffirms Commitment to Labour Market Reforms

Representatives of the Myanmar government, employers, workers, civil society and international partners on Wednesday gathered for the third time since 2015 in a forum to discuss the progress and challenges faced in an ongoing effort to implement labour market reforms. Taking place in Nay Pyi Taw, the forum was held as part of the ‘Initiative […]

New Strategy Needed to Heal “Sick” Myanmar Economy

A new strategy encompassing the customs and values of the Myanmar people, including members of the Tatmadaw, residents, civilians and nationals residing abroad, is necessary to treat a “sick” Myanmar economy,” said Dr. Myint, who was Chief Economic Advisor of former President U Thein Sein, during the Union of Myanmar Federation of Chambers of Commerce […]

New SEZ at Dala Township on the Cards

A new Special Economic Zone (SEZ) will be established at Dala township in the Yangon Region after completion of the Yangon-Dala Bridge, said Yangon Chief Minister U Phyo Min Thein at the Challenges for Business Enterprises in 2018 public talk at the Union of Myanmar Federation of Chambers of Commerce and Industry headquarters on Sunday. […]

Finance Minister Admits Economy is Underperforming

NAYPYITAW — Planning and Finance Minister U Kyaw Win has admitted that Myanmar’s economy has not improved as well as expected, six months after he compared the country’s economy to a jet plane about to take off. “There are suggestions that the country’s economy has not picked up as we expected. Considering the current situation, we […]

Myanmar Allows Import of U.S. Corn

Myanmar imposed new pest risk analysis requirements for imported plant-related commodities, including U.S. corn, on Jan. 1, 2017. Under the new directive, the Myanmar Plant Protection Division (PPD) prohibited the import of plant and plant-related products unless the exporting country provided this new information, which includes how the country deals with pest outbreaks and is […]

Investment Opportunities Emerge in Kanyin Chaung Economic Zone

Investment opportunities in Rakhine State are emerging as the government ups efforts to establish a functioning economy that will create jobs and encourage stability in the region. This month, local private sector experts and businessmen were invited to a briefing promoting investments in Rakhine. Selected sectors of the economy will be prioritised under a five-year […]

Tough Tax Policy, Lack of Capital Access for Myanmar SMEs

Small and medium enterprises (SMEs) in Myanmar suffer from arduous tax and monetary policies and lack of access to capital and intellectual property protection. SME owners feel the government needs to address these issues as there are no business category for entrepreneurship and opportunities in emerging fields, such as digital applications and software. Taxes are […]