NOTHING has been made in the engine factory in Thagaya, in the south of Myanmar, since April last year. Yet around 350 employees still turn up each day. In 2016 government-owned factories like this one made a loss of more than $200m. When Myanmar moved from military dictatorship to a form of democracy, its new […]
MPs call for effective tax collection reform
July 29, 2016 by
MEMBERS of parliament stressed the need for reforming taxes in order to foster the country’s current social and economic reforms while debating the Joint Public Accounts Committee’s report on the tax collection target for the second six months of this fiscal year during a session of the Pyidaungsu Hluttaw yesterday. Dr Thet Thet Khine of […]
Will YSX Deal a Blow to Burma’s Real Estate Market?
April 4, 2016 by
Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]
Trade at Yangon Stock Exchange unlikely to start until March 2016
December 11, 2015 by
Myanmar Vice President Nyan Tun marked the opening ceremony of the Yangon Stock Exchange (YSX) by ringing a bell on Wednesday with six local campanies listed. Yet officials say it is unlikely that any trading will take place until March 2016. Finance Minister U Win Shein said that YSX would only be open to Myanmar […]
Stock exchange could catch Vietnam: deputy minister
December 7, 2015 by
Yangon Stock Exchange has good prospects and is likely to catch up with Vietnam’s stock exchange within three years, according to Dr Maung Maung Thein, deputy finance minister. Established in 2000, the Ho Chi Minh City Securities Trading Centre is the largest stock exchange in Vietnam. In 2010, it listed about 250 companies with capital […]
ASEAN Agrees to Myanmar’s Financial Inclusion Proposal
April 24, 2014 by
ASEAN finance ministers have agreed to Myanmar’s proposal to enhance a “financial inclusion” system which aims to help all people in the region get access to financial services, a minister said. “We agreed to enhance ASEAN’s finance cooperation in our endeavours for economic integration in order to support implementation of the ASEAN Economic Community (AEC),” […]
Private Insurance Industry Finds its Feet
November 21, 2013 by
YANGON — Private insurance in Myanmar is still in its infancy and will need time to fully develop after more than half a century of domination by a government-owned company, say some of those now hoping to transform the industry. Earlier this year, Myanma Insurance, the sole insurer in the country since 1952, took the […]
Investment Commission Could Have Wings Clipped
October 24, 2013 by
The Myanmar Investment Commission (MIC), the body that vets would-be foreign investors into Burma, could have its discretionary powers curbed as part of a review of investment policy being undertaken by the Burma government and the Organization for Economic Co-operation and Development (OECD). Dr Khin San Yee, Burma’s Deputy Minister of National Planning and Economic […]
