Vol 7 Issue 43 By Zin Thu Tun /Myanmar Business Today Myanmar Microfinance Association (MFA), with support from the Ministry of Planning and Finance, will organize the first microfinance forum at Park Royal, Naypyidaw, on November 5. More than 200 people are expected to attend the inaugural forum. The attendees will include...
vol 7 , Issue 43 Tin Mg Oo & Ei Thandar Tun/Myanmar Business Today In recent years Myanmar stood unchanged at 171 for the World Bank’s Ease of Doing Business ranking. However, the country was recently listed in the top 20 most improved in Ease of Doing Business along with Azerbaijan, Bahrain, Bangladesh, China, Djibouti,...
by Karen Weise The New York Times https://www.nytimes.com/2019/10/23/technology/microsoft-earnings-cloud.html SEATTLE — Microsoft doesn’t have an iPhone. It isn’t the Everything Store. It isn’t a verb for “search.” But it sure is good at making money. The company reported earnings Wednesday afternoon, and results show that it continued to reel in huge profits. Sales for the latest quarter...
Aishwarya Venugopal & Hilary Russ (Reuters) reuters McDonald's Corp missed Wall Street estimates for profit for the first time in two years on Tuesday as more investment to spruce up U.S. restaurants and speed up service weighed on the world's biggest fast food chain, sending its shares down 4%. Rival fast-food chains in...
By Tin Maung Oo / Myanmar Business Today With the aim of promoting cleanliness and hygiene among restaurants, Yangon City Development Committee will provide hygiene certificates for restaurants in Yangon, according to U Maung Maung Soe, Mayor of Yangon. “We are planning to provide food safety awareness training, the training will be led...
Zin Thu Tun/Myanmar Business Today U Thant Sin Lwin, Deputy Director General of Directorate of Investment and Company Administration, stated that Myanmar is likely to meet the Foreign Direct Investment (FDI) expectation of $5.8 billion for Fiscal Year 2019. However, the country’s total FDI for FY 2019 is still over one billion dollars short...
By Zin Thu Tun/ Myanmar Business Today Massive steel imports, both legally and illegally, have claimed a huge part of the domestic steel market. This is leaving local steel production companies with the remaining small market share and profit margins, making them unable to further expand business, according to local steel producers. Myanmar consumes around...