Despite high trading volume on the Yangon Stock Exchange (YSX) last week, the Myanmar Stock Price Index closed Friday at 452.80, languishing near its lowest levels since the bourse went live in 2016. More than 78,000 shares exchanged hands during the week, the most in a single week for months. Most of the trading involved […]
Draft bill against real estate monopolies sent to Attorney General
November 15, 2017 by
A draft bill to prevent real estate monopolies and increase government tax revenue is being submitted to the Attorney General’s office, according to Deputy Planning and Finance Minister U Maung Maung Win. The draft law aiming at supervising property taxation has been submitted to the union attorney general for the Union government to then submit […]
Myanmar’s FDI on target despite Rakhine situation
September 21, 2017 by
NAYPYITAW — In a bright, well-carpeted conference hall in Naypyitaw — Myanmar’s sprawling capital built by the former military government — more than 1,000 investors and business executives gathered earlier this week for the annual Euromoney Myanmar Global Investment Forum. The opening remarks on Sept. 12 by speakers including government officials and foreign and local […]
Businesses more optimistic on the Myanmar investment arena compared to last year
September 15, 2017 by
Prospects for the Myanmar economy are looking promising despite the unrest in northern Rakhine, officials from the public and private sector said today. Inflation pressures are expected to ease and private and public investments in infrastructure services and non-commodity sectors such as light manufacturing and hospitality are forecast to grow, said U Maung Maung Win, […]
Myanmar expects 6 bln USD foreign direct investment yearly
September 15, 2017 by
NAY PYI TAW, Sept. 12 (Xinhua) — Myanmar is expecting to attract about 6 billion U.S. dollars of annual foreign direct investment starting from 2018, U Maung Maung Win, deputy minister of the Ministry of Planning and Finance said Tuesday. In accordance with the Foreign Direct Investment Promotion Plan (FDIPP), the country is expecting about […]
Car import permits down 60pc in 2017-18
September 14, 2017 by
Applications for the import of passenger vehicle is down by more than 5,000 so far this fiscal year compared to the same period in the previous fiscal year, said U Aung Htoo, deputy minister for Ministry of Commerce. The government has been trying to limit the import of cars to control traffic congestion in the […]
Myanmar Raises the Bar
August 3, 2017 by
The country is opening up its economy to foreign investors. To do so, it is introducing the Myanmar Companies Bill, extending credit and lifting bans to raise confidence in its economy. The latest draft of the Myanmar Companies Bill was submitted to the Amyotha Hluttaw by Deputy Minister for Planning and Finance U Maung Maung […]
