The World Bank has lowered its growth projections for 2016-17 to 5.9 percent, below expectations and slower than growth of 7pc in 2015-16. Aung Khant/The Myanmar Times Economic growth in Myanmar slowed in the 2016-17 fiscal year despite notable reforms and a healthy level of foreign...
Read MoreView of Yadana natural gas field pipelines at the Andaman Sea, Myanmar. Photo - EPA Thai oil company PTT Exploration and Production Pcl on Tuesday said it was planning total expenditure of $3.1 billion in 2018, up a touch from the $2.9 billion it earlier estimated...
Read MoreForeigners receive more attractive investment options under the new Condominium Rules. Aungmyin Yezaw/The Myanmar Times Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of...
Read MoreForeign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. Photo - EPA Foreign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. The move, which aims to help local export businesses gain...
Read MoreDowntown Mandalay. To modernise the region, an 10-year urban development project in Amarapura township has commenced. The Myanmar Times Construction of Phase 1 of the Amarapura Urban Development Project in Mandalay has commenced after receiving approval from the Mandalay regional government, said U Za Ye Win,...
Read MoreDelays in implementing the Myanmar Companies Law could deter foreign investments, businesses said. Aung myin Ye zaw/The Myanmar TImes Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay...
Read MoreTHE Mandalay business chamber has passed a resolution to reselect 20 percent of the incumbent executive members for the new executive body. Strong disagreements have split the executive members and members over a regulation on the Mandalay Region Chamber of Commerce and Industry (MRCCI) election over...
Read MoreThe Yadana natural gas field pipelines at the Andaman Sea, Myanmar. Photo - EPA Mon State attracted foreign direct investments (FDI) totaling $5.9 billion between 1994 and 2017, according to the Mon State Directorate of Investment and Company. While no new foreign investors have come to Mon...
Read MoreA local rides his bicycle, powered by solar-charged batteries, in the outskirts of Yangon. SolarHome, the pioneer in PAYG solar energy for off-grid households in Southeast Asia, has successfully installed 1,000 systems in rural Myanmar. Photo - EPA SolarHome, the pioneer in Pay-As-You-Go (PAYG) solar energy...
Read MoreSiddique Khan, the head of Kerry Globalink, speaks to The Myanmar Times in an exclusive interview in Hong Kong. Photo: Supplied LOGISTICS and e-commerce will offer opportunities for small and medium-sized enterprises in Myanmar that are able to develop a niche and offer customised solutions, a...
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