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Written by Stephanie Li Myanmar’s economy looks set to grow by 6.4 percent in fiscal 2019-20, up from 6.3 percent last fiscal year, bolstered by growing investment in the transport and telecom sectors and planned infrastructure spending by the government before the 2020 elections, according to a World Bank report...
Myanmar’s economy is likely to suffer a blow from a sudden economic slowdown and its subsequent lower FDI, according to the report on the impact of the COVID-19 on Myanmar’s export published by Myantrade. Domestic consumption, the main driver of Myanmar economic growth, will weaken as a result of reduced...
by Myo Sandar The Yangon Stock Exchange plans to increase stock trade matching times to seven from four, starting March 26. “We want to offer more opportunities to investors and we hope that increasing the matching times will encourage trading,” U Min Thu, the exchange’s senior manager, said. “Matching” refers to the...
Freight forwarding companies have to rest some of their trucks due to lower demands as trading activities at the Myanmar-China border trade gate have eased. Moreover, the goods to transport have also reduced while there are mounting difficulties in transportation. "If the Yangon-Muse trade route is working properly, out freight...
After the dollar rate drastically surged from around K1,300 per dollar before February to K1,720 within just over three months, the Central Bank of Myanmar is planning to sell $1.6 million through money changers on May 13, according to local money changers. "We are to buy dollars from the central...
By Rania El Gamal and Vladimir Soldatkin DUBAI/MOSCOW, April 10 (Reuters) - Saudi Arabia, Russia and their allies will press Mexico on Friday to join an accord for collective oil production cuts equivalent to 10% of global supplies and will push the United States and other producers to remove a...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Myanmar Investment Commission at its meeting held online on September 29 has approved seven investments that will create 4,915 jobs for local people.   It approved investment extension from four existing businesses and seven new investments in manufacturing, real estate, hotel and tourism, and service sectors bringing in $347.85...
Zin Thu Tun The Rakhine State Government has called for more proposals for an industrial zone project in Ponna Kyun. It started selling K10,000 proposal forms on December 18 and the deadline for submission is January 17. The state government has received one proposal, from a local company, Pyaywachanthar, for a...
Ei Thandar Tun/Myanmar Business Today Leading Philippine conglomerate Ayala Corporation has invested $237.5 million for a 20 percent stake in Singapore-listed Yoma Strategic Holdings and its affiliated company, Yangon-listed First Myanmar Investment (FMI). Ayala’s acquisition represents one of the largest foreign direct investments into Myanmar and the largest-ever investment into the...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Written by Linn Thit Ministry of Hotels and Tourism has invited tender applications for iconic Karawaike Palace and 3.5 acres of land in Kandawgyi Lake in Yangon. The Karaweik Palace and the land were leased to Zakabar Company Limited in 1999 for 20 years. The palace's rental agreement is...