High Taxes

Economic outlook negative: UMFCCI

August 29, 2018 by Thiha

Myanmar’ economy is in worse shape this year compared to 2017 and 2016, according to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) . The results of survey were released during 2nd B4B Insights Forum organised by UMFCCI on […]

Filed Under: Latest News Tagged With: B4B Insights Forum, Business Sentiment Survey, economic, economic conditions, export, High Taxes, import, manufacturing, Myanmar economy, real estate, Services, tariffs, trade sectors, UMFCCI, volatile exchange rates

SMEs voice frustration over confusing government policies as challenges mount

October 23, 2017 by Thiha

Small and medium enterprises (SMEs) are still struggling to compete and expand five years after U Thein Sein’s former government established a central committee to support the sector and after the Central Bank of Myanmar recently permitted banks to approve loans without collaterals. On top of limited access to capital, insufficient supporting infrastructure, high taxes […]

Filed Under: Latest News Tagged With: AEC, an economist for the AEC, ASEAN economic community, Asia Council for Small Business, Central Committee for SME Development, Daw Chan Myae Khine, digital economy, digital market, founder of Aung Nay Lin Tun Co, Genius Coffee, government policies, Head of Amara Digital Market Service Agency, High Taxes, illegal products, independent consultant, intellectual property rights, International Council for Small Business Myanmar, Ministry of Planning and Finance, Mr. Felix Haas, Myanmar Deputy Minister, Myanmar Times, Nay Pyi Taw, new and existing policies, new company registration, Small and Medium Enterprises, SME conference, SMEs, The Central Bank of Myanmar, U Ngwe Tun, U Set Aung, U Thein Sein’s former government, U Tin Cho, Vice President U Myint Swe

UMFCCI urges Chinese businesses to start factories

December 19, 2013 by thiha

The joint secretary of the Union of Myanmar Federation of Chambers of Commerce and Industries (UMFCCI), has urged Chinese investors not only to buy raw materials from Myanmar but also to set up factories. Aye Lwin was speaking at a business meeting between Myanmar and Chinese entrepreneurs on December 16, co-organised by the UMFCCI and […]

Filed Under: Latest News Tagged With: Chambers of Commerce and Industries, China, Chinese Investors, Factories, Finished-Goods, High Taxes, joint ventures, Low Taxes, media, Raw Materials, Set Up, UMFCCI, Wood Manufacturing