Quarterly Business Magazine

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Myanmar's economy to take an upturn in FY 2016-17

According to a report issued by the Asian Development Bank (ADB), named Myanmar's Economic Outlook 2016, the Myanmar economy is forecast to take an upturn. Economic growth is slated to reach 8.4% in FY 2016-17, up from 7.2% in FY 2015-16. Inflation was at 11% in the previous year, with both...

Tech Start-ups In Myanmar

“Ideas are cheap. Execution is the hard part,” said Ko Wai Yan Lin as he pondered on the past 3-years-journey of starting up Myanmar’s first-ever car website, Myanmarcarsdb.com. When he and his two business partners initiated their start-up in early 2012, the idea of listing cars on a website for...

Bridging the Divide: Foreign Investment in Myanmar Companies

The latest figures out of DICA indicate that the first three months of FY2015 have yielded over $2 billion in FDI, setting a pace that if maintained will result in a matching of last year’s record-setting FDI of over $8 billion. While most observers agree that last year’s total will ultimately be...

IFC invests in City Mart Holding Company Limited

International Finance Corporation (IFC), a member of the World Bank Group, is providing a USD 25 Million loan to City Mart Holding Company Limited (CMHL). The loan is meant to support CMHL's expansion plans, boost the country's retail sector and create much needed jobs along the supply chain. The...

Joint-Ventures to be allowed Trading

The Myanmar Ministry of Commerce has announced that it would allow foreign firms currently partnering with Myanmar companies [ as joint ventures] to perform trading, in preparation for the full implementation of the ASEAN Economic Community (AEC). In a directive issued on November 11th, these firms...

Agricultural loans should be carried out by foreign banks

As agricultural loans are fraught with high risks, foreign banks are more suitable in that field, according to Dr. Soe Tun, the president of the Myanmar Farmers Association. He explained that they have a higher capital base and can also perform crop insurance for losses due to shocks such as...

Agricultural loans should be carried out by foreign banks

As agricultural loans are fraught with high risks, foreign banks are more suitable in that field, according to Dr. Soe Tun, the president of the Myanmar Farmers Association. He explained that they have a higher capital base and can also perform crop insurance for losses due to shocks such as...

More than 20,000 companies in Myanmar warned of the possibility of being deregistered

More than 20,000 currently registered companies, including many well known local businesses and foreign banks, has been given a fortnight to contact the DICA [ Directorate of Investment and Company Administration] or else run the risk of being deregistered. Eden group, Air Bagan, Sakura...

Myanmar's Garment manufacturers desire to step up to FOB system

Myanmar's garment manufacturers needs customs duty exemptions on imported fabrics and accessories if they were to change to FOB [ Freight On Board] system instead of the currently dominant CMP [ Cutting, Making,Packing] system. U Myint Soe, a Myanmar garment factory owner has told us that fabrics...

Myanmar Ministry of Energy back in the fuel oil business

There are news that 14 of the world's major oil and gas companies have bought tender documents from the Ministry of Energy with the intention of forming joint ventures or partnerships. The ministry has been inviting them since July of this year, to once again enter the fuel oil trading and...

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