Myanmar has the potential to leapfrog semi-automated production lines and jump straight into the era of Industry 4.0, or fourth industrial revolution, under which cyber-physical systems and marketplaces, smart robots and machines, big data, connectivity, energy efficiency and virtual industrialisation will take center stage. This is because Myanmar has not even fully participated in the […]
Business confidence in Myanmar sinks as scepticism mounts
December 18, 2018 by
More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]
New Yangon City Project CEO Questioned About Role of Chinese Firm
June 28, 2018 by
YANGON—Serge Pun, the CEO of the controversial New Yangon City project on Saturday partially disclosed the terms of a deal with a Hong Kong-listed Chinese firm that could see it provide infrastructure for the first phase of the development. The revelation came amid a question and answer session at a public meeting organized by the […]
Myanmar insurance to thrive with competition and free market
August 10, 2017 by
U Myo Min Thu is the Managing Director of AYA Myanmar Insurance (AMI), one of the top three private insurers in Myanmar. AMI was created in 2013 following the liberalization of economic policy which permitted private insurers to enter the market. AMI is the insurance arm of AYA Financial Group, a conglomerate which also owns […]
Foreign Direct Investment into a country is influenced by Ease of Doing Business
July 21, 2017 by
FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]
Rice and broken rice export hit 1.2million tonnes
February 9, 2017 by
The export volume of rice and broken rice hit 1.2 million tonnes as of the third week of January. Over 400,000 tonnes of rice and broken rice worth US$120million were exported through normal trade, whereas about 800,000 tonnes of rice and broken rice worth US$256million were exported via border trade camps, according to the figures […]
Foreign investment seen jumping 70% in fiscal 2014
January 16, 2015 by
MANDALAY, Myanmar — Foreign direct investment in Myanmar is expected to reach roughly $7 billion for the year ending March 31, rising 70% from the previous fiscal year. The figure will be the country’s highest since democratization began in 2011 and its second-highest ever in statistics going back to fiscal 1989. Investment in telecommunications and […]
UMFCCI plans survey of business conditions
December 5, 2013 by
The Union of Myanmar Federation of Chambers of Commerce and Industry plans to use information gleaned from a business survey it begins this month to help the government formulate economic policy. The survey will also help the government to decide which sector or sectors to promote when the Asean Economic Community takes effect in 2015, […]
