UK shifts trade policy on Myanmar to open markets further

Britain is signalling a shift in its trade policy on Myanmar to focus on opening up specific sectors where UK companies already have a foothold, including education, financial and professional services, infrastructure and energy. In an interview with The Myanmar Times, Warren Pain, director of international trade at the British embassy, set out how the […]

No let up in feed demand in Myanmar

The Myanmar livestock feed industry has been growing steadily; the country’s total feed demand in 2018 is likely to increase by 15% from the previous year, and could reach 4 million metric tons (MMT) in 2020, report trade sources. The US Department of Agriculture (USDA) has just published a new report on Myanmar feed consumption […]

Moderate level of inflation good for economy, say economic experts

A moderate level of inflation is good for the economy, whereas deflation has a negative impact on the country’s economy at a particular level, said U Maung Maung Win, deputy minister for Planning and Finance. What is important is to exert efforts to effectuate the development in economy, boost the livelihood of people and scale […]

WTO slams inefficient state-run firms

The losses of state-owned businesses amount to 5 per cent of the country’s gross domestic product as they spend 75 per cent of the government’s budget, according to the World Trade Organisation (WTO). The WTO held a workshop on its first trade policy review in Kandawgyi Palace Hotel in Yangon on January 23. It is […]