Raw sesame, peanut import proposal causes price shakeup in domestic market

The news of a company’s import proposal for raw sesame and peanut makes changes in pricing in the local market, said U Htay Chun, Vice Chairman of Mandalay Depot. “The Ministry of Commerce reported that a certain company had sought import permit for raw sesame and peanut to be produced on a CMP basis and […]

Myanmar’s Suu Kyi projects ‘pro-economy image’ before election Ruling NLD gradually eases restrictions on movement as COVID-19 battle continu

YANGON — Ahead of a general election on Nov. 8, the Myanmar government, ruled by State Counselor Aung San Suu Kyi’s National League for Democracy, has started to demonstrate its seriousness in buttressing the coronavirus-affected economy. The daily number of new cases sharply rose amid a second wave from September to mid-October, peaking at 2,158 […]

New great powers and responsibilities in Myanmar insurance market

October 1 marked yet another milestone in the ongoing development of the Myanmar insurance market with two important new regulations that are interlinked. The new regulations are the latest in a series of sweeping regulatory reforms, such as the opening of the market to foreign players in 2019, flexibility in product development as well as […]

Myanmar businesses expect stronger economic agenda in November elections

Traffic passes along Sule Pagoda Road in downtown Yangon. Photo: Nyan Zay Htet/The Myanmar Times Myanmar businesses expect stronger economic agenda in November elections While economic growth has not been listed as one of the top three priorities in the ruling party’s manifesto, politicians are paying more attention to the private sector ahead of the […]

Central Bank will consider further rate liberalisation

The Central Bank of Myanmar (CBM) will consider further liberalising interest rates and allow private banks more freedom to set their own rates to be more competitive, U Soe Min, deputy governor of the CBM told Parliament on Monday. The CBM will seek assistance and advice from the International Monetary Fund in doing so and […]

Get All Myanmar aims high for rapid growth to expand overseas

WITH online to offline (O2O) platforms on the rise across Asia, Get All Myanmar Co, a locally owned enterprise that began commercial operations in February this year, is confident that it will be able to expand overseas in a few years, according to Nyein Chan Soe Win, the firm’s co-founder and chief executive. “We have […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]

Thilawa land prices still up in air after share sale

Land prices for Thilawa SEZ will be competitive with other countries’ projects in ASEAN, according to SEZ Management Committee Chair U Set Aung. Although he declined to reveal exact costs, he said that as an example it could be a couple US dollars cheaper than prices for similar Vietman industrial estates. “One thing I can […]