Denmark-based clothing company Bestseller has joined forces with German development agency Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) to reduce the risk of COVID-19 spreading in Myanmar’s textile and garment industry. GIZ is a development agency focused on international cooperation that is owned by the German government. Together with GIZ and as a member of […]
Digitalisation will boost savings culture in Myanmar: expert
The prevalence of cash transactions and smart phone ownership in Myanmar provides an attractive opportunity for the spread of digital savings services to underserved or unserved households, a UN expert says. UN Capital Development Fund (UNCDF) Country Coordinator for Myanmar Paul Luchtenburg said this during a talk last Saturday at a forum held in conjunction […]
Shan State Investment Forum, 26 – 27 Nov 2019 at Royal Taunggyi Hotel, Shan State
VENUE AND DATE The Shan State Investment Fair will be held at the Royal Taunggyi Hotel, Taunggyi on 26 and 27 November 2019, organized by Myanmar Investment Commission (MIC), Shan State Investment Committee (SSIC) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH on behalf of the German Government. The Shan State Investment Forum is comprised […]
Myanmar businesses join hands for FDI
THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]
Myanmar Boosts Electricity Access Through Off-Grid Solutions
Khant Zaw, director general at the Department of Rural Development (DRD), said US$90 million would be used for implementation of off-grid projects which would run from 2016 to 2021. Upon completion, the project aims to implement solar home system in 8,400 villages and mini-grid projects in 350 villages that are situated over 10 miles away […]
Political make-up a bottleneck for Shan economy
The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]