Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

Gold traders fret opaque exchange rate

Mandalay gold dealers are seeing their business complicated by the difficulty determining the daily kyat-dollar exchange rate, with dealers working to avoid too much volatility in price. While dealers had previously been able to simply ask money changers for the kyat-dollar rate each day, many dealers have been reluctant to do so since the unofficial […]

Gov’t receives management training from GE

BAGAN—The General Electric Foundation has sponsored a senior management programme for Myanmar’s government officials, developed by the Lee Kuan Yew School (LKYS) of Public Policy, company sources say. More than 44 senior government officials from various ministries—the President’s Office, Commerce, Communications and Information Technology, Construction, Finance, Energy, Electric Power, Health, National Planning and Economic Development, […]